MasTec (NYSE:MTZ) Updates FY 2026 Earnings Guidance

MasTec (NYSE:MTZ) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 8.400-8.400 for the period, compared to the consensus EPS estimate of 8.020. The company issued revenue guidance of $17.0 billion-, compared to the consensus revenue estimate of $15.4 billion. MasTec also updated its Q1 2026 guidance to 1.000-1.000 EPS.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Stifel Nicolaus increased their price target on MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Mizuho set a $254.00 price objective on MasTec in a research note on Monday, November 3rd. KeyCorp reaffirmed an “overweight” rating and set a $264.00 price objective on shares of MasTec in a report on Wednesday, January 7th. Finally, Barclays raised their target price on shares of MasTec from $240.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, MasTec currently has an average rating of “Buy” and an average price target of $238.16.

MasTec Trading Up 1.7%

MTZ stock traded up $4.74 during mid-day trading on Thursday, reaching $290.00. 1,651,309 shares of the stock traded hands, compared to its average volume of 931,991. MasTec has a one year low of $99.70 and a one year high of $291.70. The stock has a market capitalization of $22.88 billion, a PE ratio of 68.88 and a beta of 1.94. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.30 and a current ratio of 1.33. The business has a 50-day moving average price of $243.15 and a two-hundred day moving average price of $215.02.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MTZ. Peconic Partners LLC raised its holdings in shares of MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after buying an additional 850,000 shares during the period. Coatue Management LLC bought a new position in MasTec in the 4th quarter valued at $147,357,000. Merewether Investment Management LP increased its stake in MasTec by 59.8% in the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock worth $184,557,000 after purchasing an additional 324,500 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of MasTec by 71.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock worth $155,965,000 after purchasing an additional 304,358 shares during the last quarter. Finally, Cartenna Capital LP purchased a new stake in shares of MasTec during the fourth quarter valued at $65,211,000. Institutional investors own 78.10% of the company’s stock.

About MasTec

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.