MasTec (NYSE:MTZ) Updates FY 2026 Earnings Guidance

MasTec (NYSE:MTZ) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 8.790-8.790 for the period, compared to the consensus earnings per share estimate of 8.450. The company issued revenue guidance of $17.5 billion-$17.5 billion, compared to the consensus revenue estimate of $17.0 billion. MasTec also updated its Q2 2026 guidance to 2.200-2.200 EPS.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of MasTec in a report on Friday, March 27th. TD Cowen increased their price target on shares of MasTec from $225.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. KeyCorp increased their price target on shares of MasTec from $264.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Truist Financial increased their price target on shares of MasTec from $356.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Jefferies Financial Group increased their price target on shares of MasTec from $271.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Seventeen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $334.17.

MasTec Stock Performance

NYSE:MTZ traded up $23.63 during midday trading on Thursday, hitting $394.18. The company’s stock had a trading volume of 1,831,106 shares, compared to its average volume of 659,203. MasTec has a fifty-two week low of $131.68 and a fifty-two week high of $401.19. The firm’s 50 day moving average is $328.15 and its 200-day moving average is $259.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. The firm has a market cap of $31.07 billion, a P/E ratio of 77.75 and a beta of 1.80.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.42. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.46 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. MasTec’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Equities analysts anticipate that MasTec will post 8.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the sale, the director owned 17,235 shares of the company’s stock, valued at $5,177,394. This trade represents a 27.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Javier Alberto Palomarez sold 950 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the sale, the director directly owned 10,592 shares in the company, valued at $3,446,954.56. The trade was a 8.23% decrease in their position. The SEC filing for this sale provides additional information. 21.40% of the stock is owned by company insiders.

Key Headlines Impacting MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Q1 results topped expectations — MasTec reported $1.39 EPS and $3.83B revenue, well above consensus, driven by 34.5% year‑over‑year revenue growth; the beat is the primary catalyst for the stock’s rise. Read More.
• Positive Sentiment: Management raised guidance — MasTec increased FY2026 EPS guidance to 8.79 (above consensus) and provided a Q2 EPS guide of 2.20; revenue guidance was also raised, signaling confidence in continued demand. Read More.
• Positive Sentiment: Broad end‑market strength and execution — Management cited strong customer demand across segments and double‑digit growth in revenue and profitability, supported by the slide deck and CEO commentary. Read More.
• Neutral Sentiment: Analyst and stock‑style coverage highlighted MasTec as a growth name heading into earnings; these thematic takes help frame investor interest but are not new company catalysts. Read More.
• Neutral Sentiment: Market materials available — Investors can review the full press release and slide deck for detail on backlog, segment performance and margin drivers. Read More.
• Negative Sentiment: Valuation and margin considerations — The stock is trading near its one‑year high with a elevated P/E (reflecting high growth expectations); MasTec’s reported net margin (≈2.8%) remains modest, leaving some exposure to margin pressure if volumes or mix shift. Read More.
• Negative Sentiment: Short‑term risk of profit‑taking — Strong moves after earnings and guidance raises can attract short‑term traders and increase volatility; investors should weigh execution risk versus the premium valuation. Read More.

Institutional Investors Weigh In On MasTec

A number of hedge funds and other institutional investors have recently made changes to their positions in MTZ. Peconic Partners LLC grew its stake in shares of MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after purchasing an additional 850,000 shares during the period. Coatue Management LLC purchased a new position in shares of MasTec during the 4th quarter valued at approximately $147,357,000. Merewether Investment Management LP lifted its position in shares of MasTec by 59.8% during the 3rd quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after buying an additional 324,500 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of MasTec by 71.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock valued at $155,965,000 after buying an additional 304,358 shares in the last quarter. Finally, Cartenna Capital LP purchased a new position in shares of MasTec during the 4th quarter valued at approximately $65,211,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

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.