MasTec (NYSE:MTZ – Get Free Report) updated its first quarter 2025 earnings guidance on Thursday. The company provided EPS guidance of 0.340-0.340 for the period, compared to the consensus EPS estimate of 0.400. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.9 billion. MasTec also updated its FY 2025 guidance to 5.350-5.840 EPS.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on MTZ. Truist Financial raised their target price on MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Guggenheim started coverage on MasTec in a research report on Wednesday, January 8th. They issued a “buy” rating and a $195.00 price target for the company. KeyCorp lifted their price target on MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Stifel Nicolaus lifted their price target on MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Robert W. Baird lifted their price target on MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MasTec currently has an average rating of “Moderate Buy” and a consensus price target of $158.57.
Read Our Latest Stock Analysis on MTZ
MasTec Stock Up 2.9 %
MasTec (NYSE:MTZ – Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. On average, sell-side analysts forecast that MasTec will post 3.44 EPS for the current year.
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.
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