Why MasTec Stock Is Gaining Ground Today [Yahoo! Finance]
MasTec, Inc. (MTZ)
Last mastec, inc. earnings: 4/30 05:06 pm
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Source: Yahoo! Finance
Demand appears to be slowly rebounding after a tough stretch MasTec is a construction and engineering company focused on large infrastructure projects, energy, and communications construction. The company earned $0.66 per share in the fourth quarter on revenue of $3.3 billion, surpassing Wall Street expectations for $0.44 per share in earnings on $3.25 billion in sales. The quarter ends what was a tough year on a high note. MasTec shares plunged back in November after the company said customer delays on big-ticket energy and infrastructure projects had caused it to miss top- and bottom-line estimates. Revenue was up 9% year over year in the quarter, and the company generated nearly $500 million in cash in the final three months of the year. CEO Jose Mas said in a statement, "Demand is very strong for our services," forecasting growth in 2024 and "double digit revenue and earnings growth in 2025 and beyond." MasTec is predicting a loss in the first quarter, which is usually th
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News
- Despite Fast-paced Momentum, MasTec (MTZ) Is Still a Bargain Stock [Yahoo! Finance]Yahoo! Finance
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- MasTec, Inc. (NYSE: MTZ) had its price target raised by analysts at DA Davidson from $100.00 to $120.00. They now have a "buy" rating on the stock.MarketBeat
- MasTec, Inc. (NYSE: MTZ) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
MTZ
Earnings
- 5/2/24 - Beat
MTZ
Sec Filings
- 5/3/24 - Form 8-K
- 5/2/24 - Form 10-Q
- 4/4/24 - Form ARS
- MTZ's page on the SEC website