MasTec (NYSE:MTZ) Issues Q4 2018 Earnings Guidance

MasTec (NYSE:MTZ) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.05-1.05 for the period, compared to the Thomson Reuters consensus estimate of $1.04. The company issued revenue guidance of $1.9-1.9 billion, compared to the consensus revenue estimate of $1.89 billion.MasTec also updated its FY 2018 guidance to $3.76-3.76 EPS.

Shares of NYSE MTZ traded down $0.93 during midday trading on Friday, hitting $49.74. The company’s stock had a trading volume of 13,629,829 shares, compared to its average volume of 1,289,239. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.85 and a current ratio of 1.94. The firm has a market capitalization of $3.85 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.68 and a beta of 1.43. MasTec has a 1-year low of $39.83 and a 1-year high of $55.53.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, November 1st. The construction company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.13. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.99 billion. MasTec had a net margin of 5.89% and a return on equity of 17.01%. MasTec’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 EPS. Equities analysts forecast that MasTec will post 3.65 earnings per share for the current year.

A number of analysts have recently weighed in on the stock. Robert W. Baird lowered shares of MasTec from an outperform rating to a neutral rating and set a $50.67 price target for the company. in a research note on Friday. Zacks Investment Research raised shares of MasTec from a hold rating to a buy rating and set a $48.00 price target for the company in a research note on Monday, October 22nd. Canaccord Genuity reaffirmed a buy rating and issued a $65.00 price target on shares of MasTec in a research note on Friday, August 3rd. ValuEngine raised shares of MasTec from a sell rating to a hold rating in a research note on Thursday, August 30th. Finally, Citigroup reaffirmed a buy rating on shares of MasTec in a research note on Thursday, August 30th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $60.42.

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MasTec Company Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

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