Mastec Inc. [MTZ] stock prices are up 2.97% to $74.25 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MTZ shares have gain 7.13% over the last week, with a monthly amount glided 14.32%, and seem to be holding up well over a long-time horizon.
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On 16, February 2024, MasTec Schedules Fourth Quarter 2023 Earnings Release and Conference Call. In a post published today on Yahoo Finance, MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter and year ended December 31, 2023, after the market closes on Thursday, February 29, 2024. Senior Management will also hold a conference call to discuss these results on Friday, March 1, 2024, at 9:00 a.m. Eastern time.
From an analyst’s perspective:
Mastec Inc. [NYSE: MTZ] stock has seen the most recent analyst activity on January 16, 2024, when Robert W. Baird downgraded its rating to a Neutral and also boosted its price target to $75 from $57. Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on January 10, 2024, and set its price target to $92. On November 16, 2023, Stifel initiated with a Buy rating and assigned a price target of $70 on the stock. Goldman downgraded its rating to a Neutral but stick to its price target of $54 on November 08, 2023. Craig Hallum downgraded its rating to a Hold but $50 remained the price target by the analyst firm on November 02, 2023. Craig Hallum upgraded its rating to Buy for this stock on October 12, 2023, but kept the price target unchanged to $98. In a note dated August 07, 2023, Craig Hallum downgraded an Hold rating on this stock and revised its target price from $113 to $98.
The stock price of Mastec Inc. [MTZ] has been fluctuating between $44.65 and $123.33 over the past year. Currently, Wall Street analysts expect the stock to reach $102.2 within the next 12 months. Mastec Inc. [NYSE: MTZ] shares were valued at $74.25 at the most recent close of the market. An investor can expect a potential return of 37.64% based on the average MTZ price forecast.
Analyzing the MTZ fundamentals
The Mastec Inc. [NYSE:MTZ] reported sales of 11.72B for trailing twelve months, representing a surge of 29.58%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
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 73.28 points at the first support level, and at 72.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.09, and for the 2nd resistance point, it is at 75.92.
Mastec Inc. [MTZ] reported earnings per share of $0.95 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.84/share, meaning a difference of -$0.89 and a surprise factor of -48.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.89 per share as compared to estimates of $0.85 per share, a difference of $0.04 representing a surprise of 4.70%.
Ratios To Look Out For
It’s worth pointing out that Mastec Inc. [NYSE:MTZ]’s Current Ratio is 1.44. Further, the Quick Ratio stands at 1.39, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 2.17.
Transactions by insiders
Recent insider trading involved DiMarco Paul, CFO, that happened on Oct 02 when 1332.0 shares were sold. CAO, Love Timothy Michael completed a deal on Oct 02 to sell 1095.0 shares.
