Investors may find better financial performance in MasTec Inc. (MTZ)

Currently, MasTec Inc. [MTZ] is trading at $80.24, up 0.65%. An important factor to consider is whether the stock is rising or falling in short-term value. The MTZ shares have gain 1.62% over the last week, with a monthly amount glided 13.22%, and seem to be holding up well over a long-time horizon.

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On 4, August 2022, MasTec Announces Second Quarter 2022 Financial Results Confirming Annual 2022 Guidance with Record Backlog. In a post published today on Yahoo Finance, Second Quarter 2022 Revenue Increased Approximately 17% to $2.3 Billion Over the Same Quarter Last Year.

From an analyst’s perspective:

MasTec Inc. [NYSE: MTZ] stock has seen the most recent analyst activity on February 28, 2022, when Cowen reiterated its Outperform rating and also revised its price target to $110 from $125. Previously, B. Riley Securities reaffirmed its Buy rating on February 28, 2022, and dropped its price target to $120. On September 17, 2021, Goldman initiated with a Buy rating and assigned a price target of $120 on the stock. Cowen reiterated its Outperform rating and decreased its price target to $115 on August 10, 2021. Cowen initiated its recommendation with a Outperform and recommended $120 as its price target on July 19, 2021. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on January 27, 2021. In a note dated November 02, 2020, B. Riley Securities reiterated an Buy rating on this stock and boosted its target price from $57 to $68.

This stock has fluctuated between a low of $62.64 and a high of $104.21 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $97.79 within the next 12 months. MasTec Inc. [NYSE: MTZ] shares were valued at $80.24 at the most recent close of the market. An investor can expect a potential return of 21.87% based on the average price forecast.

Analyzing the MTZ fundamentals

Recent quarter sales for MasTec Inc. [NYSE:MTZ] were 1.95 billion which represents 10.10% growth. Gross Margin for this corporation currently stands at +9.10% with Operating Margin at +5.69%, Pretax Margin comes in at +5.41%, and Net Margin reading is +4.14%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 79.25 points at the first support level, and at 78.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.75, and for the 2nd resistance point, it is at 81.26.

MasTec Inc. [MTZ] reported earnings per share of -$0.03 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.11/share, meaning a difference of $0.08 and a surprise factor of 72.70%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $1.35 per share as compared to estimates of $1.29 per share, a difference of $0.06 representing a surprise of 4.70%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for MasTec Inc. [NYSE:MTZ] is 1.50. On the other hand, the Quick Ratio is 1.56, and the Cash Ratio is 0.20. Considering the valuation of this stock, the price to sales ratio is 0.86, the price to book ratio is 2.78 and the P/E (TTM) ratio is 25.97.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 6 insider purchases totaling 2,490 shares and 4 insider sales totaling 364 shares over the past 3 months.