MasTec (NYSE:MTZ) Releases Earnings Results, Beats Expectations By $0.41 EPS

MasTec (NYSE:MTZ) issued its quarterly earnings results on Thursday. The construction company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41, FiscalAI reports. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a return on equity of 17.50% and a net margin of 2.94%.MasTec’s revenue was up 34.5% on a year-over-year basis. During the same period last year, the business posted $0.51 earnings per share. MasTec updated its FY 2026 guidance to 8.790-8.790 EPS and its Q2 2026 guidance to 2.200-2.200 EPS.

MasTec Stock Performance

Shares of MTZ traded up $23.60 during mid-day trading on Friday, hitting $417.65. The stock had a trading volume of 1,950,317 shares, compared to its average volume of 724,360. The firm has a market cap of $32.92 billion, a P/E ratio of 82.38 and a beta of 1.80. The business has a fifty day moving average price of $328.15 and a 200-day moving average price of $259.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. MasTec has a 52 week low of $136.88 and a 52 week high of $418.13.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. DA Davidson increased their price target on MasTec from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Barclays increased their price target on MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Jefferies Financial Group increased their price target on MasTec from $271.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Mizuho increased their price target on MasTec from $254.00 to $362.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Finally, UBS Group increased their price target on MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a research report on Friday. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $336.00.

More MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Q1 results beat expectations — MasTec reported $1.39 EPS vs. consensus ~$0.98 and revenue of $3.83B, ahead of estimates and up ~34.5% year-over-year, signaling accelerating demand. MarketBeat Q1 Summary
• Positive Sentiment: Management raised guidance — MasTec boosted FY 2026 EPS guidance to 8.79 (vs. consensus ~8.45) and issued higher revenue guidance (~$17.5B), and set Q2 EPS at 2.20 with revenue ~$4.3B, showing confidence in backlog and demand. Business Wire: Q1 Results & Guidance
• Positive Sentiment: Strong execution across end-markets — Management highlighted double-digit revenue and profit growth and strong customer demand across businesses on the earnings call, supporting the guidance raise. Earnings Call Transcript
• Neutral Sentiment: Analyst write-ups and snapshots — Coverage from Zacks, Yahoo and local press highlights the beat and upgraded outlook; useful context for estimates and style/valuation checks. Zacks: Key Metrics
• Negative Sentiment: Rich valuation creates risk — MTZ trades at a high P/E (market commentary notes elevated multiples after the rally), which could amplify downside if growth or margin progress slips. Yahoo Finance Coverage

Insider Buying and Selling at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total value of $1,952,600.00. Following the sale, the director directly owned 17,235 shares in the company, valued at $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the transaction, the director owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 21.40% of the company’s stock.

Hedge Funds Weigh In On MasTec

Hedge funds have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC grew its position in shares of MasTec by 372.0% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its position 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 valued at $61,000 after purchasing an additional 182 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of MasTec by 32.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 329 shares of the construction company’s stock valued at $72,000 after purchasing an additional 80 shares in the last quarter. BROOKFIELD Corp ON purchased a new position in shares of MasTec in the fourth quarter valued at $76,000. Finally, Vestcor Inc purchased a new position in MasTec during the third quarter worth about $128,000. 78.10% of the stock is currently owned by hedge funds and other 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.