MasTec (NYSE:MTZ) Posts Earnings Results, Misses Estimates By $0.01 EPS

MasTec (NYSE:MTZ) announced its quarterly earnings results on Thursday. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.01), FiscalAI reports. The firm had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.49 EPS. MasTec updated its Q3 2026 guidance to 2.980-2.980 EPS and its FY 2026 guidance to 9.300-9.300 EPS.

MasTec Stock Up 13.0%

Shares of NYSE MTZ traded up $37.47 during mid-day trading on Thursday, reaching $324.88. 2,563,792 shares of the company were exchanged, compared to its average volume of 1,106,391. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The stock has a market cap of $25.67 billion, a price-to-earnings ratio of 56.90 and a beta of 1.77. MasTec has a 1 year low of $160.08 and a 1 year high of $441.43. The firm has a 50-day moving average of $367.93 and a 200 day moving average of $333.67.

Key MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Raised outlook above estimates: MasTec projected full-year 2026 adjusted EPS of $9.30 and revenue of $18.2 billion, above consensus estimates of $8.77 and $17.5 billion. Third-quarter guidance of $2.98 EPS and $4.9 billion in revenue also topped estimates of $2.74 and $4.7 billion. MasTec Reports Second Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Strong quarterly growth: Second-quarter revenue reached $4.37 billion, up 23.4% year over year and ahead of the $4.30 billion estimate. Adjusted EBITDA margin expanded by 100 basis points, while management cited broad-based growth, improved execution and backlog development. EPS rose to $2.22 from $1.49 a year earlier and beat the Zacks consensus of $2.19. MasTec Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Analyst sentiment improved: Zacks Research upgraded MasTec from “Hold” to “Strong Buy,” adding to the positive reaction to the earnings release.
• Neutral Sentiment: Board addition: Alex Spiro, a legal and corporate-governance adviser to major companies, joined MasTec’s board. The appointment may support governance and strategic oversight but is not expected to materially affect near-term results. MasTec Announces the Appointment of Alex Spiro to Its Board of Directors
• Negative Sentiment: Minor EPS shortfall versus one estimate: MasTec’s $2.22 quarterly EPS was narrowly below the broader consensus estimate of $2.23, and the company’s low 2.94% net margin and elevated valuation could limit upside if execution or growth slows.

Insider Transactions at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $417.00, for a total value of $1,251,000.00. Following the completion of the transaction, the director directly owned 30,646 shares in the company, valued at approximately $12,779,382. The trade was a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the sale, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Peconic Partners LLC raised its stake in shares of MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after acquiring an additional 850,000 shares in the last quarter. Coatue Management LLC acquired a new stake in MasTec in the fourth quarter valued at approximately $147,357,000. Merewether Investment Management LP boosted its stake in MasTec by 59.8% in the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after acquiring an additional 324,500 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in MasTec by 71.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock valued at $155,965,000 after acquiring an additional 304,358 shares in the last quarter. Finally, Cartenna Capital LP purchased a new position in MasTec in the fourth quarter worth $65,211,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MTZ shares. Zacks Research raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. KeyCorp boosted their price target on shares of MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Citigroup boosted their price target on shares of MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a report on Monday, May 4th. Weiss Ratings cut shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Finally, Guggenheim increased their price objective on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $466.89.

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.