After finishing at $86.70 in the prior trading day, Mastec Inc. (NYSE: MTZ) closed at $84.36, down -2.70%. In other words, the price has decreased by -$2.34 from its previous closing price. On the day, 665593 shares were traded. MTZ stock price reached its highest trading level at $86.78 during the session, while it also had its lowest trading level at $82.51.
Ratios:
Our goal is to gain a better understanding of MTZ by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.53. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 1.29 whereas as Long-Term Debt/Eq ratio is at 1.18.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Truist on March 14, 2024, initiated with a Hold rating and assigned the stock a target price of $96.
On March 04, 2024, Craig Hallum Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $50 to $96.
TD Cowen reiterated its Outperform rating for the stock on March 04, 2024, while the target price for the stock was revised from $85 to $105.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 02 ’23 when DiMarco Paul sold 1,332 shares for $71.35 per share. The transaction valued at 95,038 led to the insider holds 16,620 shares of the business.
Love Timothy Michael sold 1,095 shares of MTZ for $78,249 on Oct 02 ’23. The CAO now owns 10,525 shares after completing the transaction at $71.46 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MTZ now has a Market Capitalization of 6.69B and an Enterprise Value of 9.65B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.56 while its Price-to-Book (P/B) ratio in mrq is 2.47. Its current Enterprise Value per Revenue stands at 0.80 whereas that against EBITDA is 12.79.
Stock Price History:
Over the past 52 weeks, MTZ has reached a high of $123.33, while it has fallen to a 52-week low of $44.65. The 50-Day Moving Average of the stock is 73.40, while the 200-Day Moving Average is calculated to be 82.46.
Shares Statistics:
The stock has traded on average 1.02M shares per day over the past 3-months and 1.23M shares per day over the last 10 days, according to various share statistics. A total of 79.28M shares are outstanding, with a floating share count of 61.77M. Insiders hold about 22.09% of the company’s shares, while institutions hold 79.33% stake in the company. Shares short for MTZ as of Feb 29, 2024 were 4.03M with a Short Ratio of 3.96, compared to 4.08M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.08% and a Short% of Float of 6.45%.
Earnings Estimates
Its stock is currently analyzed by 11 different market analysts. On average, analysts expect EPS of -$0.48 for the current quarter, with a high estimate of -$0.45 and a low estimate of -$0.49, while EPS last year was -$0.54. The consensus estimate for the next quarter is $0.92, with high estimates of $1.11 and low estimates of $0.72.
Analysts are recommending an EPS of between $3.23 and $2.49 for the fiscal current year, implying an average EPS of $2.71. EPS for the following year is $4.18, with 12 analysts recommending between $5 and $3.53.
Revenue Estimates
10 analysts predict $2.62B in revenue for the current quarter. It ranges from a high estimate of $2.64B to a low estimate of $2.6B. As of the current estimate, Mastec Inc.’s year-ago sales were $2.58B, an estimated increase of 1.40% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $3.15B, an increase of 9.60% over than the figure of $1.40% in the same quarter last year. There is a high estimate of $3.29B for the next quarter, whereas the lowest estimate is $2.99B.
A total of 12 analysts have provided revenue estimates for MTZ’s current fiscal year. The highest revenue estimate was $12.62B, while the lowest revenue estimate was $12.35B, resulting in an average revenue estimate of $12.52B. In the same quarter a year ago, actual revenue was $12B, up 4.40% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $13.49B in the next fiscal year. The high estimate is $14.12B and the low estimate is $13.03B. The average revenue growth estimate for next year is up 7.80% from the average revenue estimate for this year.
