Brokerages expect MasTec, Inc. (NYSE:MTZ) to report $0.45 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for MasTec’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.39. MasTec posted earnings per share of $1.60 in the same quarter last year, which indicates a negative year-over-year growth rate of 71.9%. The company is expected to issue its next earnings report on Thursday, August 6th.
On average, analysts expect that MasTec will report full year earnings of $4.74 per share for the current fiscal year, with EPS estimates ranging from $4.48 to $4.85. For the next fiscal year, analysts forecast that the business will post earnings of $4.35 per share, with EPS estimates ranging from $3.81 to $5.15. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover MasTec.
MasTec (NYSE:MTZ) last issued its earnings results on Thursday, April 30th. The construction company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.15. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.30 billion. MasTec had a net margin of 5.44% and a return on equity of 22.94%. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period last year, the company posted $0.58 earnings per share.
In other news, Director Robert J. Dwyer sold 5,945 shares of MasTec stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $41.09, for a total transaction of $244,280.05. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $616,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 23.90% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of MTZ. FDx Advisors Inc. acquired a new stake in shares of MasTec during the first quarter worth $14,016,000. Norges Bank acquired a new stake in shares of MasTec during the fourth quarter worth $56,043,000. Fuller & Thaler Asset Management Inc. lifted its stake in shares of MasTec by 74.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,757,086 shares of the construction company’s stock worth $57,509,000 after buying an additional 749,052 shares during the period. Bank of America Corp DE lifted its stake in shares of MasTec by 121.8% during the fourth quarter. Bank of America Corp DE now owns 949,654 shares of the construction company’s stock worth $60,930,000 after buying an additional 521,498 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of MasTec by 44.8% during the first quarter. JPMorgan Chase & Co. now owns 1,518,456 shares of the construction company’s stock worth $49,700,000 after buying an additional 469,778 shares during the period. Institutional investors and hedge funds own 83.06% of the company’s stock.
MTZ stock traded up $0.33 during trading on Tuesday, hitting $44.87. 635,774 shares of the company’s stock traded hands, compared to its average volume of 1,151,413. The firm has a market capitalization of $3.20 billion, a P/E ratio of 8.83 and a beta of 1.41. The business has a fifty day simple moving average of $40.19 and a two-hundred day simple moving average of $46.67. The company has a quick ratio of 1.57, a current ratio of 1.65 and a debt-to-equity ratio of 0.85. MasTec has a 1 year low of $22.51 and a 1 year high of $73.71.
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.
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