Shares of MasTec ( NYSE:MTZ) fell more than 18% on Monday despite a lack of company-specific news. A sharp drop in the price of oil put the stock under pressure, as did increasing worries that the COVID-19 coronavirus will push the U.S. economy into a recession.
Full Answer
How profitable is MasTec (Mas) stock?
MasTec has a market capitalization of $6.59 billion and generates $6.32 billion in revenue each year. The construction company earns $322.85 million in net income (profit) each year or $4.95 on an earnings per share basis.
Is Lincoln Electric Holdings a better bet than MasTec?
We believe that Lincoln Electric Holdings Inc. currently is a better bet compared to MasTec Inc. Lincoln stock trades at 2. 4x trailing revenues, much more than that of MasTec, whose P/S multiple stands at 0. 9x. Does this gap in the companies’ valuations make sense? We believe it does and we only expect this gap to widen.
How does Lincoln’s P/S multiple compare to MasTec?
Lincoln stock trades at 2.4x trailing revenues, much more than that of MasTec, whose P/S multiple stands at 0.9x. Does this gap in the companies’ valuations make sense?
How does Lincoln’s LTM EBIT margin compare to MasTec?
Lincoln’s LTM EBIT margin change vs the last three fiscal years is roughly the same as that of MasTec. However, for Lincoln, current LTM margins stand at 11.6%, almost double that of MasTec’s 5.9%.
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Why is MasTec stock falling?
Why MasTec Stock Is Sinking Today. Shares of MasTec (NYSE: MTZ) were falling on Friday after the engineering and construction company reported quarterly results that didn't meet investor expectations.
Is MasTec a good investment?
MasTec has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Should I buy MTZ stock?
Out of 7 analysts, 5 (71.43%) are recommending MTZ as a Strong Buy, 2 (28.57%) are recommending MTZ as a Buy, 0 (0%) are recommending MTZ as a Hold, 0 (0%) are recommending MTZ as a Sell, and 0 (0%) are recommending MTZ as a Strong Sell.
How much money is MasTec worth?
$5.58BHow much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. MasTec net worth as of June 24, 2022 is $5.58B. MasTec is a leading infrastructure construction company.
Who owns MasTec Inc?
MasTec North America, Inc.MasTec / Parent organization
What does MasTec company do?
MasTec is one of the nation's top power plant and renewable energy construction companies, specializing in building and engineering of natural gas power plants, alternative fuel power plants, wind farms and solar energy facilities.
What companies are under MasTec?
MasTec Network Solutions. ... Byers Engineering Company. ... Rhino Cable Services. ... RJ Carroll.SEFNCO Communications. ... Decisive Communications. ... Wyco Field Services. ... QuadGen.
Should I buy or sell MasTec stock right now?
6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last twelve months. There are currently 6 buy ratin...
What is MasTec's stock price forecast for 2022?
6 Wall Street analysts have issued 1-year target prices for MasTec's stock. Their forecasts range from $96.00 to $120.00. On average, they anticipa...
How has MasTec's stock price performed in 2022?
MasTec's stock was trading at $92.28 on January 1st, 2022. Since then, MTZ shares have decreased by 7.7% and is now trading at $85.19. View the be...
Are investors shorting MasTec?
MasTec saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,200,000 shares, an increase of 26....
When is MasTec's next earnings date?
MasTec is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for MasTec .
How were MasTec's earnings last quarter?
MasTec, Inc. (NYSE:MTZ) announced its earnings results on Thursday, May, 5th. The construction company reported ($0.03) EPS for the quarter, toppin...
What guidance has MasTec issued on next quarter's earnings?
MasTec issued an update on its second quarter 2022 earnings guidance on Monday, May, 30th. The company provided earnings per share guidance of $0.7...
Who are MasTec's key executives?
MasTec's management team includes the following people: Mr. Jose Ramon Mas , CEO & Director (Age 51, Pay $3.62M) Mr. George L. Pita , Exec. VP...
What is José R. Mas' approval rating as MasTec's CEO?
210 employees have rated MasTec CEO José R. Mas on Glassdoor.com . José R. Mas has an approval rating of 61% among MasTec's employees. This puts J...
About MasTec
MasTec, Inc. engages in the provision of infrastructure construction services. It operates through the following segments: Communications, Oil and Gas, Electrical Transmissions, Clean Energy and Infrastructure, and Other.
MasTec (NYSE:MTZ) Frequently Asked Questions
7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MasTec stock. View analyst ratings for MasTec or view top-rated stocks.
What is MasTec oil?
MasTec is an infrastructure company, providing engineering, building, and maintenance services for the communications, energy, and utility segments. Oil and gas is a large part of that business, but a plunge in crude prices over the weekend -- if sustained -- would likely mean a suspension of some projects and a drop in funding for new production.
Is MasTec going to go down?
MasTec is well prepared for a downturn, with less than $1.7 billion in total debt and annual operating cash flow of more than $550 million. Investors shouldn't fret overmuch about the possibility of current macroeconomic woes driving MasTec to the point of distress, but it could still be a difficult few quarters for the construction company.