B. Riley Comments on MasTec, Inc.’s FY2020 Earnings (MTZ)

MasTec, Inc. (NYSE:MTZ) – B. Riley boosted their FY2020 EPS estimates for shares of MasTec in a research report issued to clients and investors on Monday, May 6th. B. Riley analyst A. Rygiel now anticipates that the construction company will post earnings per share of $4.93 for the year, up from their previous estimate of $4.70. B. Riley currently has a “Buy” rating and a $61.00 target price on the stock.

A number of other analysts have also recently commented on MTZ. ValuEngine raised shares of MasTec from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. DA Davidson cut their price target on shares of MasTec to $57.00 and set a “buy” rating on the stock in a research report on Monday, February 4th. Robert W. Baird upped their price target on shares of MasTec from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Barclays reaffirmed a “buy” rating and set a $57.00 price target on shares of MasTec in a research report on Wednesday, March 13th. Finally, Zacks Investment Research raised shares of MasTec from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $60.13.

Shares of MTZ opened at $51.06 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.70 and a debt-to-equity ratio of 1.18. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 1.48 and a beta of 1.43. MasTec has a 12 month low of $37.24 and a 12 month high of $54.70.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, February 28th. The construction company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.01. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.92 billion. MasTec had a net margin of 3.93% and a return on equity of 21.31%.

Several hedge funds have recently added to or reduced their stakes in MTZ. Cambridge Investment Research Advisors Inc. raised its holdings in shares of MasTec by 4.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,731 shares of the construction company’s stock worth $314,000 after acquiring an additional 360 shares during the last quarter. Gs Investments Inc. raised its holdings in shares of MasTec by 1.1% in the 1st quarter. Gs Investments Inc. now owns 35,520 shares of the construction company’s stock worth $1,709,000 after acquiring an additional 400 shares during the last quarter. WESCAP Management Group Inc. raised its holdings in shares of MasTec by 1.8% in the 1st quarter. WESCAP Management Group Inc. now owns 23,626 shares of the construction company’s stock worth $1,136,000 after acquiring an additional 408 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of MasTec by 3.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,929 shares of the construction company’s stock worth $524,000 after acquiring an additional 423 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. raised its holdings in shares of MasTec by 2.5% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 18,025 shares of the construction company’s stock worth $867,000 after acquiring an additional 442 shares during the last quarter. 86.98% of the stock is currently owned by institutional investors.

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, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

Featured Story: Cost of Equity

Receive News & Ratings for MasTec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec and related companies with MarketBeat.com's FREE daily email newsletter.