MasTec, Inc. (MTZ)
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]
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 StatementsAnalyst 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.
News
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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.

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.

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...

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.

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.

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 ...

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.

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.

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.

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?

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...

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...

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.

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...

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...

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...

MasTec (MTZ) Buys IEA, Expands Renewable Energy Business
MasTec (MTZ) boosts its green power construction and maintenance capacity with the IEA buyout.

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...

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.

MasTec and IEA Announce Expiration of Hart-Scott-Rodino Waiting Period for their Pending Transaction
CORAL GABLES, Fla. and INDIANAPOLIS , Sept.

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...

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...

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 "...

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.