Equities analysts predict that MasTec, Inc. (NYSE:MTZ) will report $1.32 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for MasTec’s earnings. The highest sales estimate is $1.38 billion and the lowest is $1.30 billion. MasTec reported sales of $1.34 billion during the same quarter last year, which would suggest a negative year over year growth rate of 1.5%. The business is scheduled to report its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that MasTec will report full year sales of $1.32 billion for the current fiscal year, with estimates ranging from $6.30 billion to $6.38 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $6.60 billion per share, with estimates ranging from $6.32 billion to $6.83 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow MasTec.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, November 2nd. The construction company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.09. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.66 billion. MasTec had a return on equity of 20.67% and a net margin of 3.78%. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS.

Several analysts have issued reports on the company. Robert W. Baird set a $56.00 target price on MasTec and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded MasTec from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Wednesday, January 3rd. Craig Hallum increased their price objective on MasTec from $57.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. KeyCorp reiterated a “buy” rating and set a $51.00 price objective on shares of MasTec in a report on Tuesday, September 19th. Finally, B. Riley reiterated a “buy” rating and set a $67.00 price objective (up previously from $66.00) on shares of MasTec in a report on Tuesday, November 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. MasTec has an average rating of “Buy” and an average target price of $56.33.

Shares of MasTec (MTZ) traded up $0.90 during midday trading on Friday, reaching $52.50. The company’s stock had a trading volume of 722,760 shares, compared to its average volume of 1,060,000. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.66. The company has a market cap of $4,340.00, a PE ratio of 17.98, a PEG ratio of 1.30 and a beta of 1.54. MasTec has a 1-year low of $34.60 and a 1-year high of $52.65.

In related news, COO Robert E. Apple sold 25,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $50.16, for a total value of $1,254,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Comerica Bank raised its stake in MasTec by 0.3% in the 2nd quarter. Comerica Bank now owns 27,639 shares of the construction company’s stock worth $1,295,000 after acquiring an additional 88 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in MasTec by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,212 shares of the construction company’s stock worth $100,000 after acquiring an additional 229 shares during the last quarter. Symphony Asset Management LLC raised its stake in MasTec by 3.6% in the 2nd quarter. Symphony Asset Management LLC now owns 11,229 shares of the construction company’s stock worth $507,000 after acquiring an additional 393 shares during the last quarter. Advisory Services Network LLC raised its stake in MasTec by 13.1% in the 2nd quarter. Advisory Services Network LLC now owns 3,700 shares of the construction company’s stock worth $167,000 after acquiring an additional 430 shares during the last quarter. Finally, Amalgamated Bank raised its stake in MasTec by 5.5% in the 2nd quarter. Amalgamated Bank now owns 8,564 shares of the construction company’s stock worth $387,000 after acquiring an additional 447 shares during the last quarter. Institutional investors own 73.22% of the company’s stock.

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About MasTec

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.

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