MTZ Stock - MasTec, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $12.30B | $12.00B | $9.78B | $7.95B | $6.32B |
| Gross Profit | $1.63B | $786.81M | $1.19B | $1.15B | $1.05B |
| Gross Margin | 13.2% | 6.6% | 12.2% | 14.4% | 16.6% |
| Operating Income | $436.35M | $152.01M | $125.12M | $416.25M | N/A |
| Net Income | $162.79M | $-49,949,000 | $33.35M | $328.83M | $322.85M |
| Net Margin | 1.3% | -0.4% | 0.3% | 4.1% | 5.1% |
| EPS | $2.09 | $-0.64 | $0.45 | $4.54 | $4.43 |
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; clean energy infrastructure comprising renewable energy; natural gas, product transport; electrical and gas transmission, and distribution systems; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure, including water pipelines; and other civil construction infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation facilities, buried and aerial fiber optic and other cables, as well as home automation and energy management solutions. In addition, the company offers maintenance and upgrade support services comprising maintenance of customers' distribution facilities, networks, and infrastructure, including communications, power generation, pipeline, electrical distribution and transmission, and heavy civil infrastructure; service restoration for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include public and private energy providers, pipeline operators, wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 15th 2025 | Guggenheim | Downgrade | Neutral | $215 |
| September 17th 2025 | Wolfe Research | Upgrade | Outperform | $227 |
| September 4th 2025 | Mizuho | Initiation | Outperform | $215 |
| August 4th 2025 | TD Cowen | Reiterated | Buy | $195← $175 |
| August 4th 2025 | Robert W. Baird | Upgrade | Outperform | $210 |
| July 22nd 2025 | JP Morgan | Reiterated | Overweight | $214← $180 |
| July 1st 2025 | Roth Capital | Initiation | Buy | $210 |
| June 6th 2025 | Goldman | Upgrade | Buy | - |
| May 16th 2025 | Jefferies | Initiation | Buy | $188 |
| April 8th 2025 | Piper Sandler | Initiation | Overweight | $134 |
| March 31st 2025 | Wolfe Research | Initiation | Peer Perform | - |
| January 8th 2025 | Guggenheim | Initiation | Buy | $195 |
| November 5th 2024 | Truist | Upgrade | Buy | $173← $133 |
| November 4th 2024 | TD Cowen | Reiterated | Buy | $160← $115 |
| October 7th 2024 | JP Morgan | Initiation | Overweight | $153 |
Earnings History & Surprises
MTZEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 26, 2026 | $1.96 | — | — | — |
Q4 2025 | Oct 30, 2025 | $2.32 | $2.48 | +6.9% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $1.41 | $1.49 | +5.7% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $0.34 | $0.51 | +52.2% | ✓ BEAT |
Q1 2025 | Feb 27, 2025 | $1.28 | $1.44 | +12.5% | ✓ BEAT |
Q4 2024 | Oct 31, 2024 | $1.23 | $1.63 | +32.5% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $0.88 | $0.96 | +9.1% | ✓ BEAT |
Q2 2024 | May 2, 2024 | $-0.47 | $-0.13 | +72.3% | ✓ BEAT |
Q1 2024 | Feb 29, 2024 | $0.45 | $0.66 | +46.7% | ✓ BEAT |
Q4 2023 | Oct 31, 2023 | $1.92 | $0.95 | -50.5% | ✗ MISS |
Q3 2023 | Aug 3, 2023 | $0.86 | $0.89 | +3.5% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $-0.57 | $-0.54 | +5.3% | ✓ BEAT |
Q1 2023 | Feb 23, 2023 | $0.99 | $1.03 | +4.0% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $1.29 | $1.34 | +3.9% | ✓ BEAT |
Q3 2022 | Aug 4, 2022 | $0.73 | $0.73 | 0.0% | = MET |
Q2 2022 | May 5, 2022 | $-0.13 | $-0.03 | +76.9% | ✓ BEAT |
Q1 2022 | Feb 24, 2022 | $1.29 | $1.35 | +4.7% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $1.69 | $1.81 | +7.1% | ✓ BEAT |
Q3 2021 | Aug 5, 2021 | $1.24 | $1.30 | +4.8% | ✓ BEAT |
Latest News
Truist Securities Maintains Buy on MasTec, Raises Price Target to $270
📈 PositiveStifel Maintains Buy on MasTec, Raises Price Target to $267
📈 PositiveTruist Securities Maintains Buy on MasTec, Raises Price Target to $253
📈 PositiveKeybanc Maintains Overweight on MasTec, Raises Price Target to $246
📈 PositiveBaird Maintains Outperform on MasTec, Raises Price Target to $249
📈 PositiveMasTec shares are trading lower after the company reported Q3 financial results and narrowed its FY25 adjusted EPS guidance.
📉 NegativeMasTec shares are trading lower after the company reported Q3 financial results and narrowed its FY25 adjusted EPS guidance.
📉 NegativeMasTec Narrows FY2025 GAAP EPS Guidance from $4.61-$4.82 to $4.80 vs $4.68 Est
📈 PositiveMasTec Narrows FY2025 Adj EPS Guidance from $6.23-$6.44 to $6.40 vs $6.34 Est; Raises FY2025 Sales Guidance from $13.900B-$14.000B to $14.075B vs $13.988B Est
📈 PositiveMasTec Q3 Adj. EPS $2.48 Beats $2.30 Estimate, Sales $3.967B Beat $3.903B Estimate
📈 PositiveMasTec shares are trading higher after Mizuho maintained an Outperform rating on the stock and raised its price target from $215 to $244.
📈 PositiveMizuho Maintains Outperform on MasTec, Raises Price Target to $244
📈 PositiveBarclays Maintains Overweight on MasTec, Raises Price Target to $240
📈 PositiveKeybanc Maintains Overweight on MasTec, Raises Price Target to $236
📈 PositiveJP Morgan Maintains Overweight on MasTec, Raises Price Target to $235
📈 PositiveGuggenheim Downgrades MasTec to Neutral
📉 NegativeStifel Maintains Buy on MasTec, Raises Price Target to $237
📈 PositiveTruist Securities Maintains Buy on MasTec, Raises Price Target to $248
📈 PositiveClear Street Initiates Coverage On MasTec with Buy Rating, Announces Price Target of $290
📈 PositiveCitigroup Maintains Buy on MasTec, Raises Price Target to $248
📈 PositiveFrequently Asked Questions about MTZ
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