MasTec (NYSE:MTZ) Issues Q3 2026 Earnings Guidance

MasTec (NYSE:MTZ) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.980-2.980 for the period, compared to the consensus EPS estimate of 2.740. The company issued revenue guidance of $4.9 billion-$4.9 billion, compared to the consensus revenue estimate of $4.7 billion. MasTec also updated its FY 2026 guidance to 9.300-9.300 EPS.

Wall Street Analysts Forecast Growth

MTZ has been the subject of several recent analyst reports. Truist Financial lifted their price target on MasTec from $518.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. KeyCorp raised their price objective on MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. UBS Group increased their target price on MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Roth Capital reissued a “buy” rating and set a $450.00 price target on shares of MasTec in a research report on Monday, May 4th. Finally, Guggenheim upped their price target on MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $466.89.

MasTec Stock Up 13.0%

NYSE:MTZ traded up $37.47 during mid-day trading on Thursday, reaching $324.88. The stock had a trading volume of 2,563,792 shares, compared to its average volume of 1,106,391. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The company has a market capitalization of $25.67 billion, a price-to-earnings ratio of 56.90 and a beta of 1.77. MasTec has a 1-year low of $160.08 and a 1-year high of $441.43. The stock’s 50 day simple moving average is $367.93 and its two-hundred day simple moving average is $333.67.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.01). MasTec had a net margin of 2.94% and a return on equity of 17.15%. The firm had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the company earned $1.49 EPS. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Equities analysts anticipate that MasTec will post 9.18 EPS for the current year.

Insider Buying and Selling at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the transaction, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the sale, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. The trade was a 8.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 21.40% of the company’s stock.

Key MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Raised outlook above estimates: MasTec projected full-year 2026 adjusted EPS of $9.30 and revenue of $18.2 billion, above consensus estimates of $8.77 and $17.5 billion. Third-quarter guidance of $2.98 EPS and $4.9 billion in revenue also topped estimates of $2.74 and $4.7 billion. MasTec Reports Second Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Strong quarterly growth: Second-quarter revenue reached $4.37 billion, up 23.4% year over year and ahead of the $4.30 billion estimate. Adjusted EBITDA margin expanded by 100 basis points, while management cited broad-based growth, improved execution and backlog development. EPS rose to $2.22 from $1.49 a year earlier and beat the Zacks consensus of $2.19. MasTec Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Analyst sentiment improved: Zacks Research upgraded MasTec from “Hold” to “Strong Buy,” adding to the positive reaction to the earnings release.
• Neutral Sentiment: Board addition: Alex Spiro, a legal and corporate-governance adviser to major companies, joined MasTec’s board. The appointment may support governance and strategic oversight but is not expected to materially affect near-term results. MasTec Announces the Appointment of Alex Spiro to Its Board of Directors
• Negative Sentiment: Minor EPS shortfall versus one estimate: MasTec’s $2.22 quarterly EPS was narrowly below the broader consensus estimate of $2.23, and the company’s low 2.94% net margin and elevated valuation could limit upside if execution or growth slows.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Peconic Partners LLC increased its stake in shares of MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after purchasing an additional 850,000 shares during the last quarter. First Trust Advisors LP lifted its position in shares of MasTec by 28.3% during the 4th quarter. First Trust Advisors LP now owns 1,311,433 shares of the construction company’s stock worth $285,066,000 after purchasing an additional 289,258 shares during the last quarter. AQR Capital Management LLC boosted its stake in MasTec by 11.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock valued at $181,961,000 after purchasing an additional 108,504 shares during the period. Third Point LLC boosted its stake in MasTec by 27.6% during the 4th quarter. Third Point LLC now owns 925,000 shares of the construction company’s stock valued at $201,067,000 after purchasing an additional 200,000 shares during the period. Finally, Merewether Investment Management LP grew its holdings in MasTec by 59.8% in the 3rd quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after buying an additional 324,500 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Company Profile

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.