MasTec (NYSE:MTZ) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

MasTec (NYSE:MTZ) announced its earnings results on Thursday. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01), FiscalAI reports. The business had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.MasTec’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.49 earnings per share. MasTec updated its Q3 2026 guidance to 2.980-2.980 EPS and its FY 2026 guidance to 9.300-9.300 EPS.

MasTec Stock Performance

Shares of MasTec stock traded up $37.47 on Thursday, reaching $324.88. 2,563,792 shares of the stock were exchanged, compared to its average volume of 1,106,391. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $25.67 billion, a PE 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 business has a fifty day moving average price of $367.93 and a two-hundred day moving average price of $333.67.

Insider Buying and Selling

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

Hedge Funds Weigh In On MasTec

A number of large investors have recently made changes to their positions in MTZ. Peconic Partners LLC boosted its holdings in MasTec by 113.3% during 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 in the last quarter. Coatue Management LLC purchased a new position in MasTec in the 4th quarter valued at approximately $147,357,000. Merewether Investment Management LP raised its holdings in MasTec by 59.8% during 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 last quarter. Jacobs Levy Equity Management Inc. grew its holdings in MasTec by 71.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock valued at $155,965,000 after purchasing an additional 304,358 shares during the last quarter. Finally, Cartenna Capital LP purchased a new position in shares of MasTec in the fourth quarter valued at $65,211,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec News Summary

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.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MTZ. Truist Financial lifted their price target on shares of MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Stifel Nicolaus set a $455.00 price objective on shares of MasTec in a research report on Monday, May 4th. Guggenheim lifted their price objective on shares of MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Mizuho upped their price target on MasTec from $498.00 to $502.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $493.00 price objective on shares of MasTec in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $466.89.

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.