MasTec, Inc. (MTZ)

NYSE: MTZ · IEX Real-Time Price · USD
70.16
-1.60 (-2.23%)
Sep 27, 2022 4:00 PM EDT - Market closed
-2.23%
Market Cap 5.30B
Revenue (ttm) 8.47B
Net Income (ttm) 168.97M
Shares Out 75.54M
EPS (ttm) 2.18
PE Ratio 32.18
Forward PE 14.66
Dividend n/a
Ex-Dividend Date n/a
Volume 472,776
Open 72.27
Previous Close 71.76
Day's Range 69.20 - 72.79
52-Week Range 62.64 - 104.21
Beta 1.25
Analysts Buy
Price Target 104.25 (+48.6%)
Earnings Date Nov 2, 2022

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...]

Industry Construction & Engineering
Founded 1929
CEO Jose Mas
Employees 30,000
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 104.25, which is an increase of 48.59% from the latest price.

Price Target
$104.25
(48.59% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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

CORAL GABLES, Fla. , Sept. 26, 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...

1 day ago - PRNewsWire

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

CORAL GABLES, Fla. , Sept. 12, 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...

2 weeks 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.

3 weeks 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.

Other symbols: IEA
3 weeks ago - PRNewsWire

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

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 Inv...

3 weeks ago - PRNewsWire

INFRASTRUCTURE AND ENERGY ALTERNATIVES INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti,...

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 and...

1 month 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 "Ex...

1 month 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.

1 month ago - Zacks Investment Research

MasTec (MTZ) Matches Q2 Earnings Estimates

MasTec (MTZ) delivered earnings and revenue surprises of 0% and 2.42%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

MasTec Announces Second Quarter 2022 Financial Results Confirming Annual 2022 Guidance with Record Backlog

Second Quarter 2022 Revenue Increased Approximately 17% to $2.3 Billion Over the Same Quarter Last Year  GAAP Net Income of $16.3 Million, Adjusted EBITDA of $179 Million, Diluted Earnings Per Share of ...

1 month ago - PRNewsWire

MasTec's CEO Jose Mas to Present at the Cowen Communications Infrastructure Conference

CORAL GABLES, Fla. , Aug. 3, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its CEO, Jose Mas, will be participating in a fireside chat with our covering analyst at the 8th Annual Co...

1 month ago - PRNewsWire

New Strong Sell Stocks for August 2nd

DDS, BRY, and MTZ have been added to the Zacks Rank #5 (Strong Sell) List on August 2, 2022.

Other symbols: BRYDDS
1 month ago - Zacks Investment Research

MasTec (MTZ) to Buy IEA for $1.1B, Updates 2nd Half 2022 View

MasTec (MTZ) to generate cost savings of $10 million post-IEA acquisition.

2 months ago - Zacks Investment Research

SHAREHOLDER ALERT: Weiss Law Investigates Infrastructure and Energy Alternatives, Inc.

NEW YORK , July 25, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Infrastructure and Energy Alternatives, I...

Other symbols: IEA
2 months ago - PRNewsWire

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Infrastructure and Energy Alternatives, Inc. Buyout

Wilmington, Delaware--(Newsfile Corp. - July 25, 2022) - Rigrodsky Law, P.A. is investigating Infrastructure and Energy Alternatives, Inc. ("Infrastructure") (NASDAQ CM: IEA) regarding possible breaches...

2 months ago - Newsfile Corp

INFRASTRUCTURE AND ENERGY ALTERNATIVES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti,...

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 and...

2 months ago - Business Wire

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Infrastructure and Energy Alternatives, Inc.

NEW YORK , July 25, 2022 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) and its board of directors con...

Other symbols: IEA
2 months ago - PRNewsWire

Why MasTec Shares Are Falling Today

The construction company is doing a big deal in a tough operating environment.

2 months ago - The Motley Fool

IEA Stock Gains 29% as MasTec Announces Acquisition Deal

Infrastructure and Energy Alternatives (IEA) stock is soaring higher on Monday following news that MasTec (MTZ) is acquiring the company. The post IEA Stock Gains 29% as MasTec Announces Acquisition Dea...

2 months ago - InvestorPlace

MasTec to Acquire Infrastructure and Energy Alternatives, Inc. ("IEA"), a Premier Renewable Energy and Infrastructure...

Significantly Expands MasTec's Clean Energy & Infrastructure Segment Incremental Service Capabilities and Customer Base Adding Union Based Clean Energy Power Generation Services Expanding MasTec's Clean...

Other symbols: IEA
2 months ago - PRNewsWire

MasTec Schedules Second Quarter 2022 Earnings Release and Conference Call

CORAL GABLES, Fla. , July 22, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter ended June 30, 2022, after the market closes on Thu...

2 months ago - PRNewsWire

Bear of the Day: MasTec (MTZ)

Delayed projects and the economic slowdown are dogging EPS for this major C&E provider

2 months ago - Zacks Investment Research

MasTec Senior Management to Participate in Webcast Fireside Chats at the Cowen and Stifel Institutional Investor Conf...

CORAL GABLES, Fla. , May 25, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in a fireside chat with our covering analyst at Cowen's 2nd An...

4 months ago - PRNewsWire

MasTec (MTZ) Incurs Q1 Loss, Beats on Revenues, Lowers View

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

4 months ago - Zacks Investment Research

MasTec Announces First Quarter 2022 Financial Results with Record Backlog and Updates Guidance for the Year

First Quarter 2022 Results Include GAAP Net Loss of $35.0 Million, Adjusted EBITDA of $99 Million, Diluted Loss Per Share of $0.47 and Adjusted Diluted Loss Per Share of $0.03, Exceeding Guidance Expect...

4 months ago - PRNewsWire