MasTec, Inc. (NYSE:MTZ) – Analysts at B. Riley upped their FY2017 EPS estimates for MasTec in a research note issued on Monday. B. Riley analyst A. Rygiel now anticipates that the construction company will post earnings per share of $2.64 for the year, up from their prior forecast of $2.52. B. Riley has a “Buy” rating and a $67.00 price objective on the stock. B. Riley also issued estimates for MasTec’s Q4 2017 earnings at $0.32 EPS and FY2018 earnings at $2.93 EPS.
MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.09. MasTec had a net margin of 3.78% and a return on equity of 20.67%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the firm earned $0.81 earnings per share. MasTec’s revenue for the quarter was up 23.3% compared to the same quarter last year.
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A number of other equities analysts have also commented on MTZ. Credit Suisse Group raised their price target on shares of MasTec from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Zacks Investment Research raised shares of MasTec from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, August 8th. Robert W. Baird raised shares of MasTec from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $51.00 to $53.00 in a research report on Monday, November 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $55.00 price target on shares of MasTec in a research report on Tuesday, August 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $55.50 price target on shares of MasTec in a research report on Saturday, August 19th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.14.
MasTec (NYSE:MTZ) opened at $42.90 on Thursday. MasTec has a 1 year low of $33.30 and a 1 year high of $49.50. The company has a market cap of $3,566.98, a PE ratio of 14.32, a P/E/G ratio of 1.16 and a beta of 1.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.66 and a current ratio of 1.74.
A number of hedge funds have recently added to or reduced their stakes in MTZ. BlackRock Inc. increased its holdings in MasTec by 15,957.0% in the 1st quarter. BlackRock Inc. now owns 5,192,338 shares of the construction company’s stock valued at $207,953,000 after buying an additional 5,160,001 shares during the period. Prudential Financial Inc. increased its holdings in MasTec by 126.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,484,687 shares of the construction company’s stock valued at $67,033,000 after buying an additional 829,650 shares during the period. Gotham Asset Management LLC acquired a new stake in shares of MasTec in the 2nd quarter valued at approximately $19,803,000. Koch Industries Inc. acquired a new stake in shares of MasTec in the 2nd quarter valued at approximately $429,000. Finally, Macquarie Group Ltd. boosted its stake in shares of MasTec by 15.3% in the 3rd quarter. Macquarie Group Ltd. now owns 3,046,860 shares of the construction company’s stock valued at $141,374,000 after purchasing an additional 404,076 shares in the last quarter. 70.71% of the stock is currently owned by hedge funds and other institutional investors.
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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