MasTec (MTZ) Expected to Announce Quarterly Earnings on Thursday

MasTec (NYSE:MTZ) will likely be posting its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect MasTec to post earnings of $1.28 per share and revenue of $3.32 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

MasTec Trading Up 2.3 %

NYSE:MTZ opened at $128.42 on Wednesday. MasTec has a 1 year low of $69.80 and a 1 year high of $166.95. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 114.66 and a beta of 1.73. The business has a fifty day moving average of $141.80 and a 200-day moving average of $131.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MTZ. Robert W. Baird upped their price objective on MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a report on Monday, November 4th. B. Riley restated a “buy” rating and issued a $166.00 price objective (up previously from $151.00) on shares of MasTec in a report on Tuesday, November 5th. Guggenheim began coverage on MasTec in a report on Wednesday, January 8th. They issued a “buy” rating and a $195.00 price objective for the company. Stifel Nicolaus upped their price objective on MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Craig Hallum upped their price objective on MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $158.57.

About MasTec

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, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.