MasTec (NYSE:MTZ) Issues Earnings Results

MasTec (NYSE:MTZ) released its earnings results on Thursday. The construction company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.13, FiscalAI reports. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.71 billion. MasTec had a net margin of 2.41% and a return on equity of 14.41%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 EPS. MasTec updated its Q1 2026 guidance to 1.000-1.000 EPS and its FY 2026 guidance to 8.400-8.400 EPS.

MasTec Stock Up 2.7%

MasTec stock traded up $7.85 during midday trading on Friday, hitting $297.81. 1,723,606 shares of the company’s stock were exchanged, compared to its average volume of 947,690. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.30 and a current ratio of 1.33. The company has a market cap of $23.50 billion, a PE ratio of 70.74 and a beta of 1.94. The firm has a 50-day moving average of $244.67 and a two-hundred day moving average of $215.54. MasTec has a 12 month low of $99.70 and a 12 month high of $300.00.

Key Headlines Impacting MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Q4 beat — MasTec posted EPS of $2.07 and revenue of $3.94B, topping consensus and showing ~15.8% year-over-year revenue growth; results were driven by clean energy and power delivery projects. MasTec (MTZ) Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Record backlog and demand signals — Management highlighted record backlog and continued strength in clean energy and power delivery, supporting multi-year revenue visibility. MasTec Beats Q4 Earnings & Revenue Estimates, Books Solid Backlog
• Positive Sentiment: Full‑year 2026 raise — MasTec issued FY2026 guidance of $8.40 EPS and ~$17.0B revenue, above Street estimates, implying confidence in medium‑term growth and helping drive the rally. MasTec Reports Fourth Quarter and Full Year 2025 Financial Results and Provides Initial 2026 Guidance
• Positive Sentiment: Falling short interest — Short interest declined ~12.9% in February (now ~4.0% of float), reducing bearish pressure and potentially amplifying upside on positive news.
• Neutral Sentiment: Earnings materials and call — The full Q4 earnings call transcript and slide deck are available for detail on segment trends, margins and backlog composition; useful for modeling forward cash flow and margin recovery assumptions. Q4 2025 Earnings Call Transcript Q4 Results Presentation
• Negative Sentiment: Weak Q1 guide — MasTec gave Q1 2026 guidance of $1.00 EPS and ~$3.5B revenue, below consensus (EPS ~1.42, revenue ~3.7B), signaling near‑term softness that could pressure short‑term multiples until execution is proven. Guidance details

Analysts Set New Price Targets

MTZ has been the topic of several recent research reports. Zacks Research upgraded MasTec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Truist Financial increased their target price on shares of MasTec from $253.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Wall Street Zen raised shares of MasTec from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Cantor Fitzgerald initiated coverage on shares of MasTec in a report on Friday, January 23rd. They set an “overweight” rating and a $274.00 price target on the stock. Finally, 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 research note on Monday, November 3rd. Two investment 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’s stock. Based on data from MarketBeat, MasTec currently has an average rating of “Buy” and an average target price of $238.16.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MTZ. Peconic Partners LLC lifted its stake in shares of MasTec by 113.3% in the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after purchasing an additional 850,000 shares during the period. Coatue Management LLC acquired a new stake in shares of MasTec in the fourth quarter valued at about $147,357,000. Merewether Investment Management LP lifted its stake in shares of MasTec by 59.8% in the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock worth $184,557,000 after buying an additional 324,500 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in MasTec by 71.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock worth $155,965,000 after acquiring an additional 304,358 shares during the last quarter. Finally, Cartenna Capital LP purchased a new stake in MasTec during the 4th quarter valued at about $65,211,000. 78.10% of the stock is owned by institutional investors.

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.