MasTec (MTZ) Projected to Post Quarterly Earnings on Thursday

MasTec (NYSE:MTZ) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect MasTec to post earnings of $1.28 per share and revenue of $3.32 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

MasTec Stock Down 0.9 %

MTZ stock opened at $125.40 on Tuesday. MasTec has a 52-week low of $69.80 and a 52-week high of $166.95. The company’s 50 day simple moving average is $141.96 and its 200-day simple moving average is $131.15. 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 firm has a market capitalization of $9.94 billion, a P/E ratio of 111.96 and a beta of 1.73.

Wall Street Analyst Weigh In

MTZ has been the topic of several research reports. Guggenheim initiated coverage on shares of MasTec in a research note on Wednesday, January 8th. They issued a “buy” rating and a $195.00 price objective on the stock. Craig Hallum upped their price objective on shares of MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on shares of MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Stifel Nicolaus upped their price objective on shares of MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, B. Riley reiterated a “buy” rating and issued a $166.00 price objective (up previously from $151.00) on shares of MasTec in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.