MasTec (NYSE:MTZ) Issues Earnings Results

MasTec (NYSE:MTZ) released its quarterly earnings results on Thursday. The construction company reported $2.22 earnings per share 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 the consensus estimate of $4.30 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. MasTec’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.49 earnings per share. 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 Performance

Shares of NYSE MTZ traded down $60.79 during trading on Friday, hitting $263.65. The company had a trading volume of 2,304,740 shares, compared to its average volume of 1,071,485. MasTec has a 12 month low of $160.08 and a 12 month high of $441.43. 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 firm has a market capitalization of $20.83 billion, a P/E ratio of 45.93 and a beta of 1.77. The stock has a 50 day simple moving average of $367.93 and a 200 day simple moving average of $333.67.

Insider Activity at MasTec

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction that occurred on 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 $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the transaction, the director 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. The SEC filing for this sale provides additional information. Corporate insiders own 21.40% of the company’s stock.

Institutional Investors Weigh In On MasTec

A number of institutional investors have recently bought and sold shares of MTZ. Sivia Capital Partners LLC purchased a new stake in shares of MasTec during the second quarter worth about $271,000. Brighton Jones LLC bought a new position in MasTec in the 4th quarter worth approximately $227,000. Kestra Advisory Services LLC grew its holdings in MasTec by 18.2% during the 4th quarter. Kestra Advisory Services LLC now owns 1,620 shares of the construction company’s stock valued at $352,000 after buying an additional 249 shares in the last quarter. Mindset Wealth Management LLC raised its position in shares of MasTec by 19.7% during the fourth quarter. Mindset Wealth Management LLC now owns 1,544 shares of the construction company’s stock valued at $336,000 after buying an additional 254 shares during the last quarter. Finally, Corient Private Wealth LLC purchased a new position in shares of MasTec in the second quarter worth $328,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec News Summary

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec reported second-quarter revenue of $4.37 billion, up 23.4% year over year and ahead of the roughly $4.30 billion consensus estimate. Adjusted earnings were $2.22 per share, up from $1.49 a year ago and above the Zacks consensus of $2.19, although slightly below another analyst estimate of $2.23. MasTec Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management cited broad-based growth, margin expansion, stronger backlog development and a 100-basis-point improvement in adjusted EBITDA margin, signaling solid execution and demand across the business. MasTec Reports Second Quarter 2026 Results
• Positive Sentiment: MasTec’s updated third-quarter guidance calls for $2.98 in EPS and $4.9 billion in revenue, above consensus estimates of $2.74 and $4.7 billion. Full-year guidance of $9.30 EPS and $18.2 billion in revenue also exceeds current consensus estimates of $8.77 and $17.5 billion.
• Neutral Sentiment: Alex Spiro, an attorney and corporate adviser, was appointed to MasTec’s board as a Class III director. The appointment may strengthen governance and strategic expertise, but it is unlikely to materially affect near-term earnings expectations. MasTec Announces Alex Spiro Board Appointment
• Negative Sentiment: The market reaction suggests investors viewed the updated full-year outlook as a reduction from MasTec’s previous guidance, even though it remains above the latest analyst consensus. Reports characterized the guidance change as overshadowing the record quarter, raising concerns about the pace of future growth and execution.
• Negative Sentiment: At roughly 46 times earnings, MTZ remains valued for strong growth. That premium leaves the stock vulnerable when guidance changes or quarterly earnings are even slightly below the most optimistic expectations.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Cantor Fitzgerald increased their target price on MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. UBS Group upped their price target on shares of MasTec from $420.00 to $453.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research note on Monday, May 4th. Robert W. Baird raised their price objective on shares of MasTec from $473.00 to $475.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Finally, Guggenheim upped their target price on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, MasTec presently has a consensus rating of “Buy” and an average target price 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.