B. Riley Brokers Decrease Earnings Estimates for MasTec

MasTec, Inc. (NYSE:MTZ) – Investment analysts at B. Riley decreased their FY2026 earnings per share estimates for shares of MasTec in a research note issued to investors on Wednesday, October 22nd. B. Riley analyst L. Burke now anticipates that the construction company will post earnings of $6.36 per share for the year, down from their previous estimate of $6.70. The consensus estimate for MasTec’s current full-year earnings is $3.44 per share.

Several other research firms have also commented on MTZ. JPMorgan Chase & Co. boosted their price objective on MasTec from $214.00 to $235.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Stifel Nicolaus upped their price target on MasTec from $198.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Barclays upped their price target on MasTec from $200.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Wall Street Zen lowered MasTec from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Finally, Wolfe Research upgraded MasTec from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $220.37.

MasTec Price Performance

NYSE:MTZ opened at $211.61 on Friday. MasTec has a 12 month low of $99.70 and a 12 month high of $221.83. The stock has a 50 day moving average of $195.70 and a two-hundred day moving average of $171.06. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. The firm has a market cap of $16.70 billion, a P/E ratio of 62.61 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the previous year, the business earned $0.96 EPS. MasTec’s quarterly revenue was up 19.7% on a year-over-year basis. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MTZ. Salomon & Ludwin LLC grew its position in MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after acquiring an additional 93 shares during the period. Caldwell Trust Co purchased a new position in MasTec in the second quarter worth approximately $29,000. Parkside Financial Bank & Trust grew its position in MasTec by 253.7% in the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock worth $33,000 after acquiring an additional 137 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in MasTec during the first quarter worth $35,000. Finally, Ameritas Advisory Services LLC acquired a new position in MasTec during the second quarter worth $35,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Cardenas Alberto De sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total value of $1,806,900.00. Following the completion of the transaction, the executive vice president directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Robert E. Apple sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $200.44, for a total value of $2,004,400.00. Following the completion of the transaction, the chief operating officer owned 184,249 shares of the company’s stock, valued at $36,930,869.56. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,000 shares of company stock worth $4,803,250. Company insiders own 21.30% of the company’s stock.

About MasTec

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.