Analysts See $0.70 EPS for MasTec, Inc. (MTZ)

October 8, 2017 - By Max Morgan

 Analysts See $0.70 EPS for MasTec, Inc. (MTZ)
Investors sentiment increased to 1.22 in 2017 Q2. Its up 0.25, from 0.97 in 2017Q1. It improved, as 25 investors sold MasTec, Inc. shares while 81 reduced holdings. 56 funds opened positions while 73 raised stakes. 57.11 million shares or 3.61% more from 55.13 million shares in 2017Q1 were reported.
Mesirow Investment Management holds 1.45% of its portfolio in MasTec, Inc. (NYSE:MTZ) for 480,333 shares. Mckinley Capital Mngmt Limited Liability Co Delaware, Unknown-based fund reported 76,528 shares. Moreover, Ellington Mngmt Group Inc Lc has 0.12% invested in MasTec, Inc. (NYSE:MTZ). Citadel reported 0% stake. Vanguard Group Incorporated, Pennsylvania-based fund reported 7.22 million shares. 45,956 are held by Ubs Asset Mngmt Americas. California State Teachers Retirement Sys stated it has 0.01% in MasTec, Inc. (NYSE:MTZ). Kornitzer Management Inc Ks holds 0.19% or 237,360 shares. Cubist Systematic Strategies Llc reported 300 shares. Virginia Retirement System Et Al reported 8,300 shares. 8,548 are owned by Oppenheimer Asset Management. Meeder Asset Management invested 0.02% in MasTec, Inc. (NYSE:MTZ). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mngmt reported 0.02% in MasTec, Inc. (NYSE:MTZ). Grantham Mayo Van Otterloo Limited Liability Com reported 28,100 shares. Metropolitan Life Insur invested 0.01% in MasTec, Inc. (NYSE:MTZ).

Since June 9, 2017, it had 0 insider buys, and 1 sale for $108,939 activity.

Analysts expect MasTec, Inc. (NYSE:MTZ) to report $0.70 EPS on November, 2.They anticipate $0.08 EPS change or 10.26 % from last quarter’s $0.78 EPS. MTZ’s profit would be $57.89M giving it 16.41 P/E if the $0.70 EPS is correct. After having $0.99 EPS previously, MasTec, Inc.’s analysts see -29.29 % EPS growth. It closed at $45.95 lastly. It is down 93.42% since October 8, 2016 and is uptrending. It has outperformed by 76.72% the S&P500.

MasTec, Inc. (NYSE:MTZ) Ratings Coverage

Among 13 analysts covering MasTec (NYSE:MTZ), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. MasTec had 27 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of MasTec, Inc. (NYSE:MTZ) has “Hold” rating given on Tuesday, August 4 by Zacks. Stifel Nicolaus reinitiated MasTec, Inc. (NYSE:MTZ) on Tuesday, January 5 with “Buy” rating. The stock of MasTec, Inc. (NYSE:MTZ) has “Buy” rating given on Friday, August 18 by Citigroup. Canaccord Genuity maintained MasTec, Inc. (NYSE:MTZ) on Friday, May 26 with “Buy” rating. The stock of MasTec, Inc. (NYSE:MTZ) earned “Outperform” rating by FBR Capital on Monday, May 8. On Monday, November 14 the stock rating was maintained by Stifel Nicolaus with “Buy”. FBR Capital maintained the shares of MTZ in report on Monday, August 7 with “Outperform” rating. The stock has “Outperform” rating by Robert W. Baird on Tuesday, August 25. Stephens maintained MasTec, Inc. (NYSE:MTZ) on Monday, September 21 with “Buy” rating. The company was maintained on Tuesday, September 5 by Robert W. Baird.

MasTec, Inc. is an infrastructure construction company. The company has market cap of $3.80 billion. The Firm operates primarily across North America through a range of industries. It has a 16.2 P/E ratio. The Firm operates through five divisions: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

Another recent and important MasTec, Inc. (NYSE:MTZ) news was published by Seekingalpha.com which published an article titled: “MasTec’s (MTZ) Management Presents at Morgan Stanley 5th Annual Laguna …” on September 13, 2017.

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