MasTec (NYSE:MTZ) Releases FY 2026 Earnings Guidance

MasTec (NYSE:MTZ) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 9.300-9.300 for the period, compared to the consensus earnings per share estimate of 8.770. The company issued revenue guidance of $18.2 billion-$18.2 billion, compared to the consensus revenue estimate of $17.5 billion. MasTec also updated its Q3 2026 guidance to 2.980-2.980 EPS.

MasTec Trading Up 13.0%

Shares of MTZ stock traded up $37.47 on Thursday, hitting $324.88. The stock had a trading volume of 2,408,394 shares, compared to its average volume of 1,059,832. MasTec has a twelve month low of $160.08 and a twelve month high of $441.43. The firm has a market cap of $25.67 billion, a P/E ratio of 56.90 and a beta of 1.77. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average price of $369.21 and a two-hundred day moving average price of $332.92.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.01). The business had revenue of $4.37 billion for the quarter, compared to analyst estimates 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. As a group, analysts forecast that MasTec will post 9.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MTZ shares. The Goldman Sachs Group boosted their price objective on MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Roth Capital reiterated a “buy” rating and issued a $450.00 price objective on shares of MasTec in a report on Monday, May 4th. TD Cowen increased their target price on shares of MasTec from $445.00 to $470.00 and gave the stock a “buy” rating in a report on Monday, July 13th. JPMorgan Chase & Co. raised their target price on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, Truist Financial boosted their price target on shares of MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $466.89.

Insiders Place Their Bets

In other news, Director C Robert Campbell sold 3,000 shares of MasTec 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 owned 30,646 shares of the company’s stock, valued at $12,779,382. This trade represents a 8.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s 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 completion of the sale, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 21.40% of the company’s stock.

Key Headlines Impacting MasTec

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.

Institutional Trading of MasTec

Several hedge funds have recently added to or reduced their stakes in the company. Peconic Partners LLC lifted its holdings in shares of MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after buying an additional 850,000 shares in the last quarter. First Trust Advisors LP increased its stake in shares of MasTec by 28.3% in the 4th quarter. First Trust Advisors LP now owns 1,311,433 shares of the construction company’s stock valued at $285,066,000 after purchasing an additional 289,258 shares during the last quarter. AQR Capital Management LLC grew its position in MasTec by 11.3% in the second quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock valued at $181,961,000 after acquiring an additional 108,504 shares during the last quarter. Third Point LLC increased its position in MasTec by 27.6% during the 4th quarter. Third Point LLC now owns 925,000 shares of the construction company’s stock worth $201,067,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Merewether Investment Management LP grew its stake in shares of MasTec by 59.8% during the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock worth $184,557,000 after buying an additional 324,500 shares during the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

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.