What is DA Davidson’s Forecast for MasTec FY2025 Earnings?

MasTec, Inc. (NYSE:MTZ) – Analysts at DA Davidson lifted their FY2025 EPS estimates for MasTec in a research note issued to investors on Tuesday, May 6th. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings per share of $5.81 for the year, up from their previous forecast of $5.33. The consensus estimate for MasTec’s current full-year earnings is $3.44 per share. DA Davidson also issued estimates for MasTec’s FY2026 earnings at $6.12 EPS.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, May 1st. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.17. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.71 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.13) earnings per share.

Several other equities research analysts have also recently issued reports on MTZ. Stifel Nicolaus boosted their target price on MasTec from $143.00 to $171.00 and gave the stock a “buy” rating in a research report on Monday. Guggenheim restated a “buy” rating and issued a $195.00 price target on shares of MasTec in a report on Monday. Citigroup boosted their price objective on shares of MasTec from $152.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird cut their target price on MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Finally, Truist Financial boosted their price objective on MasTec from $154.00 to $184.00 and gave the company a “buy” rating in a report on Monday. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $160.33.

MasTec Stock Up 1.6 %

MTZ opened at $147.59 on Thursday. The firm’s fifty day moving average is $121.80 and its 200 day moving average is $133.10. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 131.78 and a beta of 1.71. MasTec has a fifty-two week low of $89.96 and a fifty-two week high of $166.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24.

Insiders Place Their Bets

In related news, Director Ernst N. Csiszar sold 2,517 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $131.63, for a total value of $331,312.71. Following the completion of the sale, the director now owns 23,000 shares in the company, valued at $3,027,490. This represents a 9.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 21.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Hood River Capital Management LLC lifted its holdings in shares of MasTec by 3.5% in the fourth quarter. Hood River Capital Management LLC now owns 1,531,104 shares of the construction company’s stock valued at $208,444,000 after purchasing an additional 51,531 shares in the last quarter. AQR Capital Management LLC lifted its position in MasTec by 13.3% during the fourth quarter. AQR Capital Management LLC now owns 779,472 shares of the construction company’s stock valued at $106,117,000 after buying an additional 91,564 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in MasTec by 137.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 627,670 shares of the construction company’s stock valued at $85,451,000 after purchasing an additional 363,502 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of MasTec by 173.8% during the 4th quarter. First Trust Advisors LP now owns 587,788 shares of the construction company’s stock valued at $80,021,000 after buying an additional 373,145 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of MasTec by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company’s stock valued at $65,440,000 after purchasing an additional 4,024 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Company Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.