MasTec (NYSE:MTZ) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 5.400-5.400 for the period, compared to the Thomson Reuters consensus estimate of $4.900. The company issued revenue guidance of $8.20 billion-$8.20 billion, compared to the consensus revenue estimate of $7.70 billion.MasTec also updated its Q2 2021 guidance to 1.250-1.250 EPS.
Shares of NYSE:MTZ traded up $1.44 during trading on Thursday, reaching $117.54. The stock had a trading volume of 3,780 shares, compared to its average volume of 894,806. The company has a quick ratio of 1.51, a current ratio of 1.56 and a debt-to-equity ratio of 0.56. The stock has a market cap of $8.73 billion, a P/E ratio of 24.19 and a beta of 1.32. The business has a fifty day moving average price of $107.00 and a 200-day moving average price of $84.55. MasTec has a fifty-two week low of $36.81 and a fifty-two week high of $121.05.
MasTec (NYSE:MTZ) last released its earnings results on Thursday, May 6th. The construction company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.39. MasTec had a net margin of 5.27% and a return on equity of 20.48%. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the company earned $0.60 EPS. MasTec’s revenue for the quarter was up 25.3% on a year-over-year basis. As a group, equities analysts forecast that MasTec will post 5.16 EPS for the current year.
A number of research analysts have recently commented on the stock. Credit Suisse Group upped their price objective on shares of MasTec from $114.00 to $132.00 and gave the company an outperform rating in a research note on Monday, May 17th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on shares of MasTec from $118.00 to $133.00 in a research note on Monday, May 10th. Barclays increased their target price on MasTec from $110.00 to $140.00 in a research report on Monday, May 10th. DA Davidson raised their price objective on MasTec from $100.00 to $130.00 and gave the stock a buy rating in a report on Monday, May 17th. Finally, Craig Hallum boosted their target price on MasTec from $100.00 to $128.00 and gave the stock a buy rating in a report on Monday, May 17th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $98.17.
In other MasTec news, Director Ernst N. Csiszar sold 1,564 shares of the firm’s stock in a transaction that occurred on Monday, March 29th. The stock was sold at an average price of $91.01, for a total transaction of $142,339.64. Following the completion of the sale, the director now owns 25,000 shares in the company, valued at approximately $2,275,250. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Cardenas Alberto De sold 19,787 shares of MasTec stock in a transaction that occurred on Tuesday, March 2nd. The stock was sold at an average price of $89.64, for a total value of $1,773,706.68. Insiders sold 82,879 shares of company stock valued at $7,743,546 over the last 90 days. Insiders own 24.70% of the company’s stock.
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, Electrical Transmission, and Other.
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