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.
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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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