MasTec (NYSE:MTZ) Releases Q3 2026 Earnings Guidance

MasTec (NYSE:MTZ) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.980-2.980 for the period, compared to the consensus estimate of 2.740. The company issued revenue guidance of $4.9 billion-$4.9 billion, compared to the consensus revenue estimate of $4.7 billion. MasTec also updated its FY 2026 guidance to 9.300-9.300 EPS.

MasTec Price Performance

Shares of NYSE MTZ traded up $37.47 during mid-day trading on Thursday, reaching $324.88. The company’s stock had a trading volume of 2,408,394 shares, compared to its average volume of 1,059,832. The stock has a 50-day moving average of $369.21 and a two-hundred day moving average of $332.92. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The stock has a market capitalization of $25.67 billion, a P/E 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.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The business had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. On average, equities research analysts anticipate that MasTec will post 9.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings downgraded MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Guggenheim upped their price objective on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Cantor Fitzgerald raised their price objective on shares of MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. CICC Research assumed coverage on shares of MasTec in a research note on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $466.89.

Insider Activity at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares in the company, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director C Robert Campbell sold 3,000 shares of the firm’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 transaction, the director owned 30,646 shares of the company’s stock, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 21.40% of the company’s stock.

More MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec raised its full-year 2026 guidance to $9.30 adjusted EPS and $18.2 billion in revenue, above consensus estimates of $8.77 EPS and $17.5 billion in revenue. MasTec Reports Second Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Third-quarter 2026 guidance also exceeded expectations, with projected EPS of $2.98 versus the $2.74 consensus and revenue of $4.9 billion versus $4.7 billion expected. This suggests momentum is carrying into the second half of the year.
• Positive Sentiment: Second-quarter revenue rose 23% year over year to $4.37 billion, topping the $4.30 billion consensus estimate. Management also cited broad-based growth, backlog development and a 100-basis-point improvement in adjusted EBITDA margin.
• Positive Sentiment: Zacks Research upgraded MasTec from “hold” to “strong-buy,” adding positive analyst sentiment around the company’s earnings trajectory. Zacks Research
• Neutral Sentiment: MasTec appointed Alex Spiro, a corporate and securities lawyer who advises major companies and executives, to its board. The move may strengthen governance and strategic expertise, but its near-term earnings impact is unclear. MasTec Announces the Appointment of Alex Spiro to Its Board of Directors
• Negative Sentiment: Quarterly adjusted EPS was $2.22, narrowly missing the $2.23 analyst consensus. However, the small earnings miss was outweighed by the revenue beat, margin expansion and above-consensus forward guidance.

Hedge Funds Weigh In On MasTec

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC grew its stake in MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $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% during 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 in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of MasTec by 32.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 329 shares of the construction company’s stock worth $72,000 after buying an additional 80 shares during the period. BROOKFIELD Corp ON acquired a new position in MasTec during the 4th quarter worth approximately $76,000. Finally, Vestcor Inc purchased a new stake in shares of MasTec in the 3rd quarter valued at approximately $128,000. Hedge funds and other institutional investors 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.