KeyCorp Forecasts MasTec’s Q3 Earnings (NYSE:MTZ)

MasTec, Inc. (NYSE:MTZ) – Research analysts at KeyCorp issued their Q3 2026 earnings per share estimates for MasTec in a research note issued on Tuesday, April 14th. KeyCorp analyst S. Jain anticipates that the construction company will earn $2.61 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $335.00 target price on the stock. The consensus estimate for MasTec’s current full-year earnings is $8.20 per share. KeyCorp also issued estimates for MasTec’s FY2026 earnings at $8.04 EPS and FY2027 earnings at $9.20 EPS.

Other research analysts also recently issued reports about the company. Wolfe Research reaffirmed an “outperform” rating and set a $326.00 price target on shares of MasTec in a report on Monday, March 2nd. Zacks Research downgraded MasTec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Stifel Nicolaus upped their price target on MasTec from $335.00 to $401.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on MasTec from $346.00 to $386.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, Barclays upped their price target on MasTec from $260.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, MasTec presently has an average rating of “Moderate Buy” and a consensus target price of $329.17.

MasTec Trading Down 0.0%

Shares of NYSE:MTZ opened at $370.87 on Monday. The company has a market cap of $29.24 billion, a P/E ratio of 73.15 and a beta of 1.80. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. MasTec has a 1 year low of $109.68 and a 1 year high of $375.14. The stock’s fifty day moving average price is $310.27 and its 200-day moving average price is $250.85.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 earnings per share. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC lifted its holdings in MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after acquiring an additional 93 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in MasTec in the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC bought a new position in MasTec in the third quarter valued at about $43,000. Root Financial Partners LLC bought a new position in MasTec in the third quarter valued at about $49,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in MasTec by 372.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after acquiring an additional 186 shares during the period. Institutional investors own 78.10% of the company’s stock.

Insider Transactions at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total value of $1,952,600.00. Following the transaction, the director owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This represents a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the transaction, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 21.30% of the stock is currently owned by corporate insiders.

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.