MasTec (NYSE:MTZ) Announces Earnings Results

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

MasTec Stock Down 2.6%

Shares of NYSE:MTZ traded down $4.71 during midday trading on Thursday, hitting $176.29. 2,540,479 shares of the company’s stock traded hands, compared to its average volume of 1,337,132. The firm’s fifty day moving average price is $217.32 and its two-hundred day moving average price is $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. MasTec has a twelve month low of $164.31 and a twelve month high of $441.43. The company has a market cap of $14.16 billion, a PE ratio of 28.12 and a beta of 1.84.

Analysts Set New Price Targets

Several research analysts recently weighed in on MTZ shares. Truist Financial cut their target price on MasTec from $428.00 to $380.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $348.00 target price on shares of MasTec in a report on Monday, October 12th. Zacks Research downgraded MasTec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 26th. Weiss Ratings lowered MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Finally, Morgan Stanley set a $369.00 price objective on MasTec in a report on Friday, July 31st. Nineteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, MasTec has an average rating of “Moderate Buy” and an average price target of $365.10.

Trending Headlines about MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec reported third-quarter revenue of approximately $5.2 billion, up about 30% year over year and ahead of the roughly $4.94 billion analyst estimate. Adjusted EBITDA also rose about 30% to $486 million. MasTec Reports Third Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Backlog increased approximately 46% year over year to $24.5 billion, supporting expectations for future revenue and reflecting demand across MasTec’s infrastructure businesses, including data centers and communications. MasTec quarterly results
• Positive Sentiment: Reported EPS of $2.96 edged past the $2.95 consensus estimate and increased from $2.48 in the year-ago quarter, while revenue growth substantially exceeded expectations. MasTec earnings results
• Neutral Sentiment: MasTec updated its full-year 2026 financial guidance. Investors are likely focusing on the specific changes to the outlook and whether the strong backlog will translate into higher margins and cash flow. MasTec guidance update
• Negative Sentiment: Despite the headline EPS beat and revenue outperformance, market coverage described the quarter as an earnings miss, indicating that an underlying earnings metric or profitability outlook fell short of investor expectations. MasTec falls as earnings miss offsets revenue beat
• Negative Sentiment: Reports highlighted project delays alongside data-center opportunities, raising concerns about timing, execution and near-term margin pressure even as demand remains strong. MasTec stock faces earnings test

About MasTec

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.