What is DA Davidson’s Forecast for MasTec Q1 Earnings?

MasTec, Inc. (NYSE:MTZ) – DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for MasTec in a report issued on Tuesday, March 4th. DA Davidson analyst B. Thielman forecasts that the construction company will post earnings of $0.26 per share for the quarter. The consensus estimate for MasTec’s current full-year earnings is $3.44 per share.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.08. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.32 billion.

MTZ has been the topic of several other reports. JPMorgan Chase & Co. upped their price objective on MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Citigroup upped their price objective on MasTec from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday. Barclays upped their price objective on MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday. B. Riley restated a “buy” rating and set a $166.00 price target (up from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. Finally, KeyCorp increased their price target on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MasTec presently has a consensus rating of “Moderate Buy” and an average price target of $160.14.

MasTec Trading Down 2.8 %

MTZ stock opened at $124.05 on Wednesday. MasTec has a 1-year low of $82.29 and a 1-year high of $166.95. The firm has a market cap of $9.83 billion, a P/E ratio of 110.76 and a beta of 1.73. The business’s 50 day moving average is $141.39 and its 200-day moving average is $131.88. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

Institutional Trading of MasTec

Several hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in MasTec by 15.1% during the 4th quarter. Allworth Financial LP now owns 596 shares of the construction company’s stock worth $81,000 after buying an additional 78 shares during the period. CIBC Asset Management Inc raised its stake in MasTec by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company’s stock worth $281,000 after buying an additional 82 shares during the period. Arizona State Retirement System raised its stake in MasTec by 0.5% during the 4th quarter. Arizona State Retirement System now owns 18,393 shares of the construction company’s stock worth $2,504,000 after buying an additional 89 shares during the period. Coldstream Capital Management Inc. raised its stake in MasTec by 2.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,425 shares of the construction company’s stock worth $423,000 after buying an additional 94 shares during the period. Finally, New York State Teachers Retirement System raised its stake in MasTec by 0.4% during the 3rd quarter. New York State Teachers Retirement System now owns 26,557 shares of the construction company’s stock worth $3,269,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

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.