DA Davidson Has Negative Outlook of MasTec FY2025 Earnings

MasTec, Inc. (NYSE:MTZ) – Equities researchers at DA Davidson reduced their FY2025 earnings estimates for MasTec in a research report issued on Tuesday, March 4th. DA Davidson analyst B. Thielman now expects that the construction company will earn $5.33 per share for the year, down from their previous estimate of $5.34. The consensus estimate for MasTec’s current full-year earnings is $3.44 per share. DA Davidson also issued estimates for MasTec’s FY2026 earnings at $5.81 EPS.

A number of other research firms have also weighed in on MTZ. JPMorgan Chase & Co. raised their price target on shares of MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Stifel Nicolaus decreased their price target on MasTec from $185.00 to $175.00 and set a “buy” rating for the company in a research note on Monday. Guggenheim began coverage on MasTec in a report on Wednesday, January 8th. They issued a “buy” rating and a $195.00 price objective for the company. Citigroup lifted their target price on MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday. Finally, 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. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $160.14.

MasTec Stock Up 3.3 %

Shares of NYSE:MTZ opened at $128.03 on Thursday. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 114.31 and a beta of 1.73. The company has a 50 day moving average of $141.10 and a two-hundred day moving average of $131.97. MasTec has a 52-week low of $82.29 and a 52-week high of $166.95. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.08. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.32 billion.

Institutional Trading of MasTec

Large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in MasTec by 65.6% during the 3rd quarter. Pacer Advisors Inc. now owns 2,260,865 shares of the construction company’s stock valued at $278,312,000 after acquiring an additional 895,227 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in MasTec in the 4th quarter valued at approximately $59,910,000. First Trust Advisors LP lifted its position in MasTec by 173.8% in the 4th quarter. First Trust Advisors LP now owns 587,788 shares of the construction company’s stock worth $80,021,000 after buying an additional 373,145 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of MasTec by 137.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 627,670 shares of the construction company’s stock valued at $85,451,000 after acquiring an additional 363,502 shares in the last quarter. Finally, Merewether Investment Management LP acquired a new position in shares of MasTec in the fourth quarter worth $46,612,000. 78.10% of the stock is owned by institutional investors and hedge funds.

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.