MasTec (MTZ) Expected to Announce Quarterly Earnings on Thursday

MasTec (NYSE:MTZ) is projected to issue its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $1.28 per share and revenue of $3.32 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

MasTec Stock Performance

MasTec stock opened at $128.42 on Wednesday. The stock’s 50 day moving average price is $141.80 and its 200 day moving average price is $131.31. The firm has a market capitalization of $10.18 billion, a PE ratio of 114.66 and a beta of 1.73. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. MasTec has a one year low of $69.80 and a one year high of $166.95.

Wall Street Analysts Forecast Growth

MTZ has been the topic of a number of recent analyst reports. Truist Financial upped their target price on MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. upped their target price on MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Stifel Nicolaus upped their target price on MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Guggenheim initiated coverage on MasTec in a research report on Wednesday, January 8th. They issued a “buy” rating and a $195.00 target price on the stock. Finally, TD Cowen upped their target price on MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.57.

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, Power Delivery, and Other.