B. Riley Comments on MasTec’s FY2025 Earnings (NYSE:MTZ)

MasTec, Inc. (NYSE:MTZ) – Equities research analysts at B. Riley lifted their FY2025 earnings estimates for MasTec in a research note issued on Monday, August 4th. B. Riley analyst L. Burke now expects that the construction company will earn $5.96 per share for the year, up from their previous estimate of $5.76. The consensus estimate for MasTec’s current full-year earnings is $3.44 per share.

MTZ has been the topic of several other reports. Wall Street Zen upgraded shares of MasTec from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Baird R W upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a report on Monday. Jefferies Financial Group started coverage on shares of MasTec in a research note on Friday, May 16th. They set a “buy” rating and a $188.00 price objective for the company. Stifel Nicolaus upped their price objective on MasTec from $181.00 to $198.00 and gave the stock a “buy” rating in a report on Monday. Finally, TD Cowen lifted their target price on MasTec from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $193.24.

MasTec Stock Performance

NYSE MTZ opened at $182.91 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $14.43 billion, a PE ratio of 54.12 and a beta of 1.83. The business’s 50-day moving average price is $170.52 and its 200 day moving average price is $145.62. MasTec has a twelve month low of $96.01 and a twelve month high of $194.00.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. MasTec had a return on equity of 12.71% and a net margin of 2.04%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 EPS.

Insider Activity

In related news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $153.89, for a total value of $461,670.00. Following the completion of the transaction, the director owned 39,782 shares of the company’s stock, valued at approximately $6,122,051.98. This represents a 7.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Robert E. Apple sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total value of $1,750,000.00. Following the sale, the chief operating officer owned 194,249 shares of the company’s stock, valued at approximately $33,993,575. This trade represents a 4.90% decrease in their position. The disclosure for this sale can be found here. Insiders own 21.30% of the company’s stock.

Institutional Trading of MasTec

Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new stake in shares of MasTec in the 4th quarter valued at about $227,000. LPL Financial LLC increased its holdings in MasTec by 1.5% in the fourth quarter. LPL Financial LLC now owns 20,520 shares of the construction company’s stock valued at $2,794,000 after buying an additional 310 shares during the last quarter. Norges Bank acquired a new stake in MasTec during the fourth quarter valued at approximately $7,663,000. Franklin Resources Inc. acquired a new stake in MasTec during the fourth quarter valued at approximately $1,191,000. Finally, National Bank of Canada FI bought a new position in MasTec during the 4th quarter worth approximately $1,988,000. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Company Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.