MasTec (NYSE:MTZ) Releases Earnings Results, Beats Estimates By $0.08 EPS

MasTec (NYSE:MTZ) issued its quarterly earnings results on Thursday. The construction company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08, Zacks reports. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.32 billion. MasTec updated its Q1 2025 guidance to 0.340-0.340 EPS and its FY 2025 guidance to 5.350-5.840 EPS.

MasTec Stock Performance

MTZ traded up $3.72 on Friday, hitting $130.55. The company had a trading volume of 3,335,682 shares, compared to its average volume of 1,082,766. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 116.56 and a beta of 1.73. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The company’s fifty day moving average price is $141.60 and its 200 day moving average price is $131.44. MasTec has a 1-year low of $73.85 and a 1-year high of $166.95.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MTZ shares. Craig Hallum boosted their price target on shares of MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, November 4th. TD Cowen boosted their target price on shares of MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their target price on MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. KeyCorp upped their price target on MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Finally, B. Riley restated a “buy” rating and set a $166.00 price target (up from $151.00) on shares of MasTec in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $158.57.

About MasTec

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.