MasTec (NYSE:MTZ) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of approx $0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.46. The company issued revenue guidance of approx $1.23 billion, compared to the consensus revenue estimate of $1.29 billion.MasTec also updated its FY18 guidance to approx $3.45 EPS.
Shares of MasTec (NYSE MTZ) traded down $1.30 during midday trading on Tuesday, reaching $51.45. The company’s stock had a trading volume of 1,775,103 shares, compared to its average volume of 836,558. The firm has a market capitalization of $4,340.00, a P/E ratio of 17.90, a PEG ratio of 1.21 and a beta of 1.49. The company has a current ratio of 1.74, a quick ratio of 1.66 and a debt-to-equity ratio of 0.92. MasTec has a 1 year low of $36.40 and a 1 year high of $55.53.
A number of equities analysts have weighed in on MTZ shares. ValuEngine raised MasTec from a hold rating to a buy rating in a research report on Friday, February 2nd. Stifel Nicolaus boosted their price target on MasTec from $60.00 to $63.00 and gave the stock a buy rating in a research report on Friday, January 26th. Craig Hallum boosted their price target on MasTec from $57.00 to $64.00 and gave the stock a buy rating in a research report on Tuesday, January 2nd. B. Riley reissued a buy rating and set a $67.00 price target (up previously from $66.00) on shares of MasTec in a research report on Tuesday, November 7th. Finally, Zacks Investment Research raised MasTec from a hold rating to a buy rating and set a $56.00 price target on the stock in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $58.94.
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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.