MasTec (MTZ) Projected to Post Quarterly Earnings on Thursday

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

MasTec Price Performance

Shares of MTZ opened at $125.40 on Tuesday. MasTec has a fifty-two week low of $69.80 and a fifty-two week high of $166.95. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 111.96 and a beta of 1.73. The firm has a 50-day simple moving average of $141.96 and a 200-day simple moving average of $131.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

Wall Street Analyst Weigh In

MTZ has been the subject of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Guggenheim started coverage on shares of MasTec in a research report on Wednesday, January 8th. They issued a “buy” rating and a $195.00 price objective for the company. Robert W. Baird raised their price objective on shares of MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. KeyCorp raised their price objective on shares of MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Finally, B. Riley restated a “buy” rating and issued a $166.00 price objective (up previously from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.