MasTec (NYSE:MTZ) Issues FY 2026 Earnings Guidance

MasTec (NYSE:MTZ) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 9.300-9.300 for the period, compared to the consensus EPS estimate of 8.770. The company issued revenue guidance of $18.2 billion-$18.2 billion, compared to the consensus revenue estimate of $17.5 billion. MasTec also updated its Q3 2026 guidance to 2.980-2.980 EPS.

MasTec Stock Performance

MTZ stock opened at $263.51 on Friday. MasTec has a 1-year low of $160.08 and a 1-year high of $441.43. The business has a 50-day moving average price of $365.55 and a 200 day moving average price of $333.18. The company has a market capitalization of $20.82 billion, a P/E ratio of 42.03 and a beta of 1.77. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.01). The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a return on equity of 18.47% and a net margin of 3.07%.The firm’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.49 earnings per share. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. As a group, equities research analysts forecast that MasTec will post 9.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley set a $369.00 price objective on shares of MasTec in a research note on Friday. Guggenheim upped their target price on MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $493.00 target price on shares of MasTec in a research report on Monday, May 4th. Citigroup lifted their price target on MasTec from $440.00 to $483.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Truist Financial boosted their price target on MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, MasTec currently has a consensus rating of “Buy” and a consensus target price of $461.74.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction on 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 transaction, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is currently owned by insiders.

Trending Headlines about MasTec

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

Institutional Investors Weigh In On MasTec

Institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC grew its stake in shares of MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after acquiring an additional 186 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of MasTec by 32.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 329 shares of the construction company’s stock valued at $72,000 after purchasing an additional 80 shares during the last quarter. BROOKFIELD Corp ON acquired a new stake in MasTec in the 4th quarter worth approximately $76,000. Northwestern Mutual Wealth Management Co. boosted its stake in MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after purchasing an additional 182 shares in the last quarter. Finally, Vestcor Inc purchased a new stake in MasTec during the 3rd quarter worth approximately $128,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

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.