MasTec (NYSE:MTZ) Issues Q1 2026 Earnings Guidance

MasTec (NYSE:MTZ) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.000-1.000 for the period, compared to the consensus earnings per share estimate of 1.420. The company issued revenue guidance of $3.5 billion-$3.5 billion, compared to the consensus revenue estimate of $3.7 billion. MasTec also updated its FY 2026 guidance to 8.400-8.400 EPS.

Wall Street Analysts Forecast Growth

Several analysts have commented on MTZ shares. Zacks Research upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Citigroup upped their price target on shares of MasTec from $248.00 to $284.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Barclays upped their target price on shares of MasTec from $240.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. KeyCorp reissued an “overweight” rating and set a $264.00 price objective on shares of MasTec in a research note on Wednesday, January 7th. Finally, Mizuho set a $254.00 price objective on MasTec in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, MasTec has an average rating of “Buy” and a consensus price target of $238.16.

MasTec Trading Up 1.7%

Shares of MTZ traded up $4.74 during mid-day trading on Thursday, reaching $290.00. 1,651,309 shares of the company’s stock traded hands, compared to its average volume of 931,991. MasTec has a 12 month low of $99.70 and a 12 month high of $291.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.33 and a quick ratio of 1.30. The stock has a market cap of $22.88 billion, a P/E ratio of 68.88 and a beta of 1.94. The stock’s 50-day moving average is $243.15 and its two-hundred day moving average is $215.02.

Hedge Funds Weigh In On MasTec

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC raised its stake in MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after acquiring an additional 182 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of MasTec by 32.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 329 shares of the construction company’s stock valued at $72,000 after acquiring an additional 80 shares during the period. BROOKFIELD Corp ON bought a new position in shares of MasTec in the 4th quarter worth $76,000. Finally, Vestcor Inc purchased a new stake in shares of MasTec during the 3rd quarter worth $128,000. 78.10% of the stock is currently owned by institutional investors.

About MasTec

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.