MasTec (NYSE:MTZ) Issues Earnings Results

MasTec (NYSE:MTZ) posted its quarterly earnings data on Thursday. The construction company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41, FiscalAI reports. MasTec had a return on equity of 17.50% and a net margin of 2.94%.The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the company earned $0.51 EPS. The company’s revenue was up 34.5% on a year-over-year basis. MasTec updated its FY 2026 guidance to 8.790-8.790 EPS and its Q2 2026 guidance to 2.200-2.200 EPS.

MasTec Price Performance

NYSE MTZ traded up $23.60 during trading on Friday, hitting $417.65. 1,950,317 shares of the company’s stock were exchanged, compared to its average volume of 724,360. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65. The company has a market cap of $32.92 billion, a PE ratio of 82.38 and a beta of 1.80. MasTec has a fifty-two week low of $136.88 and a fifty-two week high of $418.13. The stock’s 50 day moving average price is $328.15 and its two-hundred day moving average price is $259.59.

Analyst Ratings Changes

MTZ has been the topic of a number of recent research reports. Wolfe Research restated an “outperform” rating and set a $326.00 price objective on shares of MasTec in a research note on Monday, March 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of MasTec in a research note on Friday, March 27th. Truist Financial raised their price objective on MasTec from $356.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 20th. DA Davidson raised their price objective on MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, UBS Group boosted their target price on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research note on Friday. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $336.00.

Insiders Place Their Bets

In related news, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the sale, the director owned 10,592 shares in the company, valued at $3,446,954.56. The trade was a 8.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total value of $1,952,600.00. Following the sale, the director owned 17,235 shares in the company, valued at $5,177,394. This represents a 27.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 21.40% of the company’s stock.

Institutional Investors Weigh In On MasTec

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Aigen Investment Management LP grew its position in MasTec by 3.8% during the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock worth $226,000 after acquiring an additional 38 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in MasTec by 5.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 943 shares of the construction company’s stock worth $205,000 after acquiring an additional 52 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in MasTec by 1.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,081 shares of the construction company’s stock worth $868,000 after acquiring an additional 55 shares during the last quarter. UMB Bank n.a. grew its position in MasTec by 7.3% during the 4th quarter. UMB Bank n.a. now owns 944 shares of the construction company’s stock worth $205,000 after acquiring an additional 64 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in MasTec by 1.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,334 shares of the construction company’s stock worth $1,159,000 after acquiring an additional 77 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

Key Stories Impacting MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Q1 results beat expectations — MasTec reported $1.39 EPS vs. consensus ~$0.98 and revenue of $3.83B, ahead of estimates and up ~34.5% year-over-year, signaling accelerating demand. MarketBeat Q1 Summary
• Positive Sentiment: Management raised guidance — MasTec boosted FY 2026 EPS guidance to 8.79 (vs. consensus ~8.45) and issued higher revenue guidance (~$17.5B), and set Q2 EPS at 2.20 with revenue ~$4.3B, showing confidence in backlog and demand. Business Wire: Q1 Results & Guidance
• Positive Sentiment: Strong execution across end-markets — Management highlighted double-digit revenue and profit growth and strong customer demand across businesses on the earnings call, supporting the guidance raise. Earnings Call Transcript
• Neutral Sentiment: Analyst write-ups and snapshots — Coverage from Zacks, Yahoo and local press highlights the beat and upgraded outlook; useful context for estimates and style/valuation checks. Zacks: Key Metrics
• Negative Sentiment: Rich valuation creates risk — MTZ trades at a high P/E (market commentary notes elevated multiples after the rally), which could amplify downside if growth or margin progress slips. Yahoo Finance Coverage

About MasTec

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.