MasTec, Inc. (MTZ) Releases Q4 Earnings Guidance
MasTec, Inc. (NYSE:MTZ) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ~$0.36 for the period, compared to the Thomson Reuters consensus estimate of $0.38. The company issued revenue guidance of ~$1.3 billion, compared to the consensus revenue estimate of $1.32 billion.
MTZ has been the topic of a number of research reports. Zacks Investment Research lowered MasTec from a strong-buy rating to a hold rating in a report on Monday, October 9th. Deutsche Bank AG raised MasTec from a hold rating to a buy rating and set a $50.00 price objective on the stock in a report on Tuesday, September 12th. ValuEngine lowered MasTec from a strong-buy rating to a buy rating in a report on Friday, September 1st. FBR & Co lifted their price objective on MasTec from $57.00 to $66.00 and gave the company an outperform rating in a report on Monday, August 7th. Finally, BidaskClub lowered MasTec from a buy rating to a hold rating in a report on Wednesday, August 23rd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $53.86.
MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.34. MasTec had a net margin of 3.89% and a return on equity of 21.80%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company posted $0.36 earnings per share. MasTec’s revenue was up 53.4% compared to the same quarter last year.
ILLEGAL ACTIVITY WARNING: This news story was posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/11/02/mastec-inc-mtz-releases-q4-earnings-guidance.html.
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
Receive News & Ratings for MasTec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec Inc. and related companies with MarketBeat.com's FREE daily email newsletter.