MasTec Inc. (NYSE:MTZ) – Research analysts at DA Davidson increased their Q4 2016 earnings per share estimates for shares of MasTec in a report issued on Monday. DA Davidson analyst J. Rogers now forecasts that the brokerage will earn $0.48 per share for the quarter, up from their prior forecast of $0.45. DA Davidson currently has a “Buy” rating and a $34.00 target price on the stock. DA Davidson also issued estimates for MasTec’s Q1 2017 earnings at $0.20 EPS, Q2 2017 earnings at $0.55 EPS, Q3 2017 earnings at $0.79 EPS, Q4 2017 earnings at $0.54 EPS, FY2017 earnings at $2.07 EPS and FY2018 earnings at $2.42 EPS.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity set a $33.00 price target on shares of MasTec and gave the stock a “buy” rating in a research report on Saturday, August 6th. Citigroup Inc. upped their price target on shares of MasTec from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th. FBR & Co upped their price target on shares of MasTec from $25.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, August 8th. Maxim Group upped their price target on shares of MasTec from $26.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Finally, Wunderlich upped their price target on shares of MasTec from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$29.10.

Earnings History and Estimates for MasTec (NYSE:MTZ)

MasTec (NYSE:MTZ) opened at 31.90 on Wednesday. The firm has a 50-day moving average of $29.12 and a 200 day moving average of $26.11. The stock has a market cap of $2.57 billion, a PE ratio of 2900.00 and a beta of 1.22. MasTec has a 12 month low of $12.44 and a 12 month high of $32.20.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.12. MasTec had a net margin of 0.02% and a return on equity of 10.76%. The company earned $1.59 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company posted $0.26 EPS. The firm’s revenue was up 42.8% compared to the same quarter last year.

A number of large investors have recently added to or reduced their stakes in MTZ. TIAA CREF Investment Management LLC raised its stake in MasTec by 18.0% in the first quarter. TIAA CREF Investment Management LLC now owns 275,051 shares of the company’s stock worth $5,567,000 after buying an additional 41,880 shares during the last quarter. BlackRock Inc. increased its position in MasTec by 41.5% in the first quarter. BlackRock Inc. now owns 7,520 shares of the company’s stock worth $153,000 after buying an additional 2,205 shares during the period. BlackRock Group LTD increased its position in MasTec by 27.4% in the first quarter. BlackRock Group LTD now owns 41,648 shares of the company’s stock worth $843,000 after buying an additional 8,954 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in MasTec by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,611,808 shares of the company’s stock worth $32,623,000 after buying an additional 24,673 shares during the period. Finally, JPMorgan Chase & Co. increased its position in MasTec by 25,322.9% in the first quarter. JPMorgan Chase & Co. now owns 131,182 shares of the company’s stock worth $2,655,000 after buying an additional 130,666 shares during the period. 72.56% of the stock is owned by institutional investors and hedge funds.

MasTec Company Profile

MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline or fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation, and industrial infrastructure.

5 Day Chart for NYSE:MTZ

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