MasTec (NYSE:MTZ) Releases FY 2026 Earnings Guidance

MasTec (NYSE:MTZ) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 8.400-8.400 for the period, compared to the consensus EPS estimate of 8.020. The company issued revenue guidance of $17.0 billion-, compared to the consensus revenue estimate of $15.4 billion. MasTec also updated its Q1 2026 guidance to 1.000-1.000 EPS.

MasTec Stock Performance

MTZ stock traded up $4.74 on Thursday, hitting $290.00. The company had a trading volume of 1,651,309 shares, compared to its average volume of 931,991. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.69. MasTec has a 12-month low of $99.70 and a 12-month high of $291.70. The stock has a market cap of $22.88 billion, a price-to-earnings ratio of 68.88 and a beta of 1.94. The stock’s 50-day simple moving average is $243.15 and its 200 day simple moving average is $215.02.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. KeyCorp reaffirmed an “overweight” rating and issued a $264.00 price objective on shares of MasTec in a report on Wednesday, January 7th. Stifel Nicolaus upped their price target on shares of MasTec from $240.00 to $267.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Robert W. Baird raised their price objective on shares of MasTec from $238.00 to $249.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of MasTec in a research report on Monday, December 29th. Finally, Barclays increased their price target on shares of MasTec from $240.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $238.16.

Hedge Funds Weigh In On MasTec

Hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC grew its position in shares of MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after purchasing an additional 186 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in MasTec by 32.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 329 shares of the construction company’s stock worth $72,000 after purchasing an additional 80 shares during the period. BROOKFIELD Corp ON purchased a new stake in MasTec during the 4th quarter valued at approximately $76,000. Northwestern Mutual Wealth Management Co. grew its holdings in MasTec by 105.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares in the last quarter. Finally, Vestcor Inc bought a new stake in shares of MasTec during the third quarter valued at approximately $128,000. Institutional investors own 78.10% of the company’s stock.

MasTec Company Profile

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.