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

by · The Cerbat Gem

MasTec (NYSE:MTZ – Get Free Report) announced its quarterly earnings data on Thursday. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01), FiscalAI reports. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.47%. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the prior year, the company posted $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 Down 18.8%

Shares of NYSE MTZ traded down $60.93 during mid-day trading on Friday, hitting $263.51. The company had a trading volume of 3,949,763 shares, compared to its average volume of 1,190,973. The company has a market capitalization of $20.82 billion, a PE ratio of 42.03 and a beta of 1.77. The business’s 50-day simple moving average is $365.55 and its 200 day simple moving average is $333.18. MasTec has a 1-year low of $160.08 and a 1-year high of $441.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. CICC Research started coverage on shares of MasTec in a report on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price for the company. UBS Group lifted their price objective on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Morgan Stanley set a $369.00 price objective on shares of MasTec in a report on Friday. Finally, Citigroup boosted their target price on shares of MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $461.74.

Check Out Our Latest Stock Report on MTZ

Key MasTec News

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 above the approximately $4.30 billion consensus estimate. EPS increased to $2.22 from $1.49 a year earlier. Management also highlighted broad-based growth, margin expansion and backlog development. MasTec Reports Second Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
  • Positive Sentiment: The company’s adjusted EBITDA margin improved by 100 basis points, while third-quarter guidance calls for $4.9 billion in revenue and $2.98 EPS. Full-year 2026 guidance of $18.2 billion in revenue and $9.30 EPS is above current analyst consensus. MasTec 2026 Q2 Results Presentation
  • Neutral Sentiment: MasTec appointed Alex Spiro to its board. His experience advising large companies on governance, regulatory and strategic matters may support the company’s oversight, but the appointment is unlikely to materially affect near-term earnings. MasTec Announces Alex Spiro Board Appointment
  • Negative Sentiment: The earnings result was mixed: EPS narrowly missed the broader consensus estimate of $2.23, even though it exceeded the Zacks estimate of $2.19. Investors appear to be looking beyond the headline revenue beat and questioning the quality or sustainability of the outlook. MasTec Q2 Key Metrics
  • Negative Sentiment: Market coverage characterized the updated guidance as a cut relative to prior expectations, overshadowing the record quarter. This concern about forward growth expectations appears to be the primary reason MTZ moved lower despite year-over-year gains and guidance above consensus. MasTec Falls After Guidance Cut

Insider Activity

In other MasTec news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 sale, the director owned 10,816 shares in the company, valued at $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.40% of the stock is owned by corporate insiders.

Institutional Trading of MasTec

A number of institutional investors have recently bought and sold shares of the business. Aigen Investment Management LP increased its holdings in shares of MasTec by 3.8% in the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after acquiring an additional 38 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of MasTec by 5.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 943 shares of the construction company’s stock worth $205,000 after purchasing an additional 52 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of MasTec by 1.4% during the third quarter. Integrated Wealth Concepts LLC now owns 4,081 shares of the construction company’s stock worth $868,000 after acquiring an additional 55 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of MasTec by 7.3% in the 4th quarter. UMB Bank n.a. now owns 944 shares of the construction company’s stock valued at $205,000 after acquiring an additional 64 shares during the period. Finally, Quadrant Capital Group LLC grew its position in MasTec by 1.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,334 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 77 shares during the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

About MasTec

(Get Free Report)

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.

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