MasTec, Inc. is set to release its latest quarterly earnings on Wednesday, April 29th, with a consensus estimate of $0.98 earnings per share.
MasTec, Inc. (MTZ) experienced a price drop to $372.21, a decrease of $13.68 (-3.55%) from the previous close at $385.89. The trading volume stands at $255,331, representing a 27.4% change compared to the average volume.
In the last earnings report on Wednesday, February 25th, MasTec, Inc. reported earnings per share of $2.07, surpassing the consensus estimate of $1.94. The total revenue for the quarter was $3.94 billion, higher than the estimated $3.25 billion.
Citigroup maintained its "Buy" grade on MasTec, Inc. with a price of $376.12, indicating a "hold" action.
MasTec, Inc. reported a net change in cash of $164.61 million, ending the period with $396 million in cash. Operating cash flow stood at $372.74 million.
The company generated $3.94 billion in revenue with a gross profit of $397.3 million. The net income was $142.71 million, resulting in earnings per share of $1.83.
With a net profit margin of 3.62% and a price-to-earnings ratio of 29.66, MasTec, Inc. demonstrates stable financial performance.
MasTec, Inc. showcases a strong financial position, holding total assets of $10.13 billion and total liabilities of $6.79 billion, with $396 million in cash and cash equivalents.
This comprehensive overview provides valuable insights into MasTec, Inc.'s current financial status and performance trends.
MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy; natural gas, product transport; electrical and gas transmission, and distribution systems; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure, including water pipelines; and other civil construction infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation facilities, buried and aerial fiber optic and other cables, as well as home automation and energy management solutions. In addition, the company offers maintenance and upgrade support services comprising maintenance of customers' distribution facilities, networks, and infrastructure, including communications, power generation, pipeline, electrical distribution and transmission, and heavy civil infrastructure; service restoration for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include public and private energy providers, pipeline operators, wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.