Zacks: Analysts Expect MasTec, Inc. (MTZ) to Announce $0.37 EPS

Equities analysts expect MasTec, Inc. (NYSE:MTZ) to report earnings of $0.37 per share for the current quarter, according to Zacks. Seven analysts have made estimates for MasTec’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.40. MasTec reported earnings of $0.70 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 47.1%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, February 27th.

On average, analysts expect that MasTec will report full year earnings of $2.81 per share for the current year, with EPS estimates ranging from $2.80 to $2.84. For the next year, analysts expect that the business will post earnings of $3.25 per share, with EPS estimates ranging from $2.99 to $3.68. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for MasTec.

Several research analysts have commented on MTZ shares. Stifel Nicolaus raised their target price on MasTec from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. B. Riley restated a “buy” rating and issued a $67.00 target price (up previously from $66.00) on shares of MasTec in a research note on Tuesday, November 7th. Citigroup set a $54.00 target price on MasTec and gave the stock a “buy” rating in a research note on Friday, October 27th. Craig Hallum raised their target price on MasTec from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded MasTec from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. MasTec currently has a consensus rating of “Buy” and a consensus price target of $58.94.

MasTec (NYSE MTZ) traded up $0.40 during mid-day trading on Wednesday, hitting $51.00. The stock had a trading volume of 722,934 shares, compared to its average volume of 792,191. MasTec has a 12 month low of $35.75 and a 12 month high of $55.53. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.66. The company has a market cap of $4,220.00, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.16 and a beta of 1.49.

In related news, COO Robert E. Apple sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $55.07, for a total transaction of $1,376,750.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 20.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. purchased a new position in MasTec in the 4th quarter worth approximately $107,000. FNY Partners Fund LP purchased a new position in MasTec in the 4th quarter worth approximately $122,000. Ladenburg Thalmann Financial Services Inc. increased its stake in MasTec by 81.6% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,624 shares of the construction company’s stock worth $128,000 after purchasing an additional 1,179 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in MasTec in the 4th quarter worth approximately $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MasTec by 53.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,387 shares of the construction company’s stock worth $166,000 after purchasing an additional 1,175 shares during the period. 72.33% of the stock is currently owned by institutional investors and hedge funds.

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MasTec Company Profile

MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.

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