MasTec (NYSE:MTZ) Issues Earnings Results

MasTec (NYSE:MTZ) issued its quarterly earnings results on Thursday. The construction company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.01, FiscalAI reports. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.94 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The business’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period last year, the business earned $2.48 EPS.

MasTec Stock Performance

NYSE MTZ traded up $1.58 during trading hours on Friday, hitting $179.41. The company had a trading volume of 1,934,569 shares, compared to its average volume of 1,212,023. The business has a 50 day moving average of $217.32 and a 200-day moving average of $300.60. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The company has a market cap of $14.41 billion, a PE ratio of 28.57 and a beta of 1.84. MasTec has a 1-year low of $164.31 and a 1-year high of $441.43.

MasTec News Summary

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Q3 results exceeded expectations: MasTec reported approximately $5.2 billion in revenue, up about 30% year over year, and adjusted EBITDA of $486 million. Adjusted earnings were $2.96 per share versus analyst estimates near $2.94–$2.95, while revenue surpassed the roughly $4.94 billion consensus. MasTec Reports Third Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Power Delivery and backlog remain key strengths: Strong performance in the Power Delivery segment helped drive the quarterly beat. Backlog reached a record $24.5 billion, approximately 46% above the prior-year level, supporting the company’s long-term growth outlook. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength
• Neutral Sentiment: Growth is broad but execution remains important: Earnings increased from $2.48 per share a year earlier, and revenue growth was nearly 30%. However, investors are weighing the strong current-quarter performance against uncertainty around project timing, particularly in data centers and other large infrastructure programs. MasTec Q3 Earnings Key Metrics
• Negative Sentiment: 2026 profit guidance was reduced: MasTec cited delays in its project pipeline, which could push expected work and earnings into later periods. The guidance cut is likely overshadowing the Q3 beat because it suggests near-term uncertainty and weaker earnings visibility. MasTec 2026 Profit Outlook

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. KeyCorp cut their target price on MasTec from $371.00 to $320.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Piper Sandler dropped their price target on shares of MasTec from $321.00 to $313.00 and set a “neutral” rating for the company in a research report on Monday, September 28th. Truist Financial lowered their target price on shares of MasTec from $428.00 to $380.00 and set a “buy” rating for the company in a report on Monday, October 5th. Zacks Research downgraded MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Finally, Guggenheim raised their target price on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Nineteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $365.10.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.