MasTec, Inc. (MTZ)

NYSE: MTZ · IEX Real-Time Price · USD
96.63
+0.07 (0.07%)
Jan 27, 2023, 4:00 PM EST - Market closed
0.07%
Market Cap 7.60B
Revenue (ttm) 8.58B
Net Income (ttm) 106.77M
Shares Out 78.61M
EPS (ttm) 1.42
PE Ratio 68.05
Forward PE 15.97
Dividend n/a
Ex-Dividend Date n/a
Volume 416,155
Open 96.27
Previous Close 96.56
Day's Range 95.78 - 97.21
52-Week Range 62.36 - 98.28
Beta 1.38
Analysts Buy
Price Target 113.22 (+17.17%)
Earnings Date Feb 23, 2023

About MTZ

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 Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; cl... [Read more]

Sector Industrials
CEO Jose Mas
Employees 29,000
Stock Exchange NYSE
Ticker Symbol MTZ
Full Company Profile

Financial Performance

In 2021, MasTec's revenue was $7.95 billion, an increase of 25.80% compared to the previous year's $6.32 billion. Earnings were $328.83 million, an increase of 1.85%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for MTZ stock is "Buy." The 12-month stock price forecast is $113.22, which is an increase of 17.17% from the latest price.

Price Target
$113.22
(17.17% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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Other symbols: AAPBACXLI
2 days ago - CNBC Television

20 stocks expected by Goldman Sachs to gain the most from Washington's clean-energy spending

President Joe Biden signed the Inflation Reduction Act (IRA) into law in August. Then he followed up with the fiscal 2023 omnibus appropriations bill on Dec. 23.

3 weeks ago - Market Watch

Is MasTec's (MTZ) Stock Poised for a Turnaround in 2023?

MasTec (MTZ) gains from the country's clean energy drive and acquisitions. Yet, inflationary pressure and the oil and gas segment remain risks.

1 month ago - Zacks Investment Research

MasTec Senior Management to Present at the Goldman Global Energy and Clean Technology Conference

CORAL GABLES, Fla. , Dec. 29, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in an analyst fireside chat at the Goldman Sachs Global Ene...

1 month ago - PRNewsWire

MasTec Announces Planned 2023 Executive Transitions -Retirement of George Pita and the Planned Promotion of Paul DiMarco to Executive Vice President and Chief Financial Officer

CORAL GABLES, Fla. , Dec. 21, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that George L.

1 month ago - PRNewsWire

MasTec (MTZ) Stock Sees 17.8% One-Month Gains Amid Inflation

Focus on renewable power generation, power grid modernization and civil infrastructure services to benefit MasTec (MTZ) amid inflationary pressures.

2 months ago - Zacks Investment Research

MasTec Senior Management to Present at the Credit Suisse Global Industrials Conference

CORAL GABLES, Fla. , Nov. 23, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in a fireside chat with our covering analyst at the Credit ...

2 months ago - PRNewsWire

BURRELL AVIATION ANNOUNCES NEW NATIONWIDE MASTER SERVICE AGREEMENT TO MODERNIZE INFRASTRUCTURE AT MULTIPLE U.S. AIRPORTS

ASPEN, Colo. , Nov. 9, 2022 /PRNewswire/ -- Burrell Aviation has formalized a national design-build master service agreement with Lemartec, a MasTec Company.

2 months ago - PRNewsWire

MasTec's (MTZ) Q3 Earnings Beat, Revenues Miss Estimates

MasTec (MTZ) third-quarter results reflect end-market growth opportunities across the Communications, Clean Energy & Infrastructure and Power Delivery segments. However, inflation and costs hurt.

3 months ago - Zacks Investment Research

Time Change for MasTec's Fireside Chat at the Robert W. Baird 2022 Global Industrial Investor Conference

CORAL GABLES, Fla. , Nov. 4, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management's fireside chat presentation with its covering analyst at the R.W.

3 months ago - PRNewsWire

MasTec (MTZ) Q3 Earnings Surpass Estimates

MasTec (MTZ) delivered earnings and revenue surprises of 3.88% and 1.15%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

MasTec Announces Third Quarter 2022 Financial Results with Record Backlog and Updated Annual 2022 Guidance

Third Quarter 2022 Revenue Increased to $2.5 Billion with a 38% Year Over Year Increase in Non-Oil & Gas Segment Revenue GAAP Net Income of $49.2 Million, Diluted Earnings Per Share of $0.65 and Adjus...

3 months ago - PRNewsWire

Heavy Construction Industry Looks Good: 3 Stocks to Buy

Growth across telecommunications, transmission, renewable energy and power generation businesses is set to benefit EME, MTZ and DY from the Zacks Building Products - Heavy Construction industry despit...

Other symbols: DYEME
3 months ago - Zacks Investment Research

MasTec Senior Management to Present at the Robert W. Baird 2022 Global Industrial Investor Conference

CORAL GABLES, Fla., Oct. 27, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in a fireside chat with our covering analyst at the R.W.

3 months ago - PRNewsWire

MasTec, Inc. Announces Expiration and Final Results of Exchange Offer and Consent Solicitation

CORAL GABLES, Fla. , Oct. 24, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) (the "Company") today announced the expiration and final results of (i) its private exchange offer to certain Eligible Holde...

3 months ago - PRNewsWire

MasTec Schedules Third Quarter 2022 Earnings Release and Conference Call

CORAL GABLES, Fla. , Oct. 21, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter ended September 30, 2022, after the market closes...

3 months ago - PRNewsWire

MasTec, Inc. Announces Amendment of Exchange Offer and Consent Solicitation

CORAL GABLES, Fla. , Oct. 17, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) (the "Company") today announced its amendment of the terms of its private exchange offer to certain Eligible Holders (as defi...

3 months ago - PRNewsWire

MasTec (MTZ) Buys IEA, Expands Renewable Energy Business

MasTec (MTZ) boosts its green power construction and maintenance capacity with the IEA buyout.

3 months ago - Zacks Investment Research

MasTec Completes the Previously Announced Acquisition of Infrastructure and Energy Alternatives, Inc.

CORAL GABLES, Fla. , Oct. 7, 2022 /PRNewswire/ -- MasTec (NYSE: MTZ) ("MasTec") and Infrastructure and Energy Alternatives, Inc. ("IEA") (Nasdaq: IEA) today announced that MasTec has completed the pre...

4 months ago - PRNewsWire

Focus on Non-Oil & Gas Segments Aid MasTec (MTZ), Ail Inflation

MasTec (MTZ) gains from the country's clean energy drive and acquisitions. Yet, inflationary pressure and the oil and gas segment remain a risk.

5 months ago - Zacks Investment Research

MasTec and IEA Announce Expiration of Hart-Scott-Rodino Waiting Period for their Pending Transaction

CORAL GABLES, Fla. and INDIANAPOLIS , Sept.

5 months ago - PRNewsWire

MasTec Senior Management to Participate in the Stifel, Morgan Stanley and D.A. Davidson Institutional Investor Conferences

CORAL GABLES, Fla. , Sept. 1, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in a fireside chat at Morgan Stanley's 10th Annual Laguna I...

5 months ago - PRNewsWire

INFRASTRUCTURE AND ENERGY ALTERNATIVES INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Infrastructure and Energy Alternatives, Inc. - IEA

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Infrastructure a...

5 months ago - Business Wire

MasTec, Inc. Announces Commencement of Exchange Offer and Consent Solicitation

CORAL GABLES, Fla. , Aug. 8, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) (the "Company") announced its commencement of a private exchange offer to certain Eligible Holders (as defined herein) (the "...

6 months ago - PRNewsWire

MasTec's (MTZ) Q2 Earnings Meet & Revenues Beat Estimates

MasTec (MTZ) second-quarter results reflect end-market growth opportunities across the Communications, Clean Energy & Infrastructure and Power Delivery segments. However, inflation and costs hurt.

6 months ago - Zacks Investment Research