MasTec (NYSE:MTZ) Updates Q1 2026 Earnings Guidance

MasTec (NYSE:MTZ) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.000-1.000 for the period, compared to the consensus estimate of 1.420. The company issued revenue guidance of $3.5 billion-$3.5 billion, compared to the consensus revenue estimate of $3.7 billion. MasTec also updated its FY 2026 guidance to 8.400-8.400 EPS.

Wall Street Analyst Weigh In

MTZ has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of MasTec from a “hold” rating to a “buy” rating in a research note on Sunday. KeyCorp reaffirmed an “overweight” rating and set a $264.00 price target on shares of MasTec in a research report on Wednesday, January 7th. Zacks Research upgraded MasTec from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Robert W. Baird upped their target price on MasTec from $238.00 to $249.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Finally, Truist Financial raised their price target on MasTec from $253.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $238.16.

MasTec Stock Performance

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

Institutional Trading of MasTec

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

About MasTec

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.