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MasTec, Inc. Message Board

  • margretbar2 margretbar2 Aug 7, 2013 12:01 PM Flag

    MTZ raised to $43 at FBR Capital following solid Q2 results..Raised to $42 from $38 at Maxim Group following strong earnings repor

    07-Aug-13 07:19 ET


    MasTec target raised to $43 at FBR Capital following solid Q2 results (34.33 )

    FBR Capital raises their MTZ tgt to $43 from $36 after posting results last week that were ahead of expectations. Backlog was at a record high (again), and guidance for 2013 was increased. Net/net, the firm reiterates its Outperform rating as it believes co will continue to generate growth across all of its end markets (excluding power generation). Margins should remain strong with improvements coming from transmission and power gen as the quarters progress. The additional growth capex being spent this year should position co for continued success in 2014 and beyond.
    Park Item
    02-Aug-13 15:55 ET


    MasTec tgt raised to $42 from $38 at Maxim Group following strong earnings report (34.79 +0.50)

    Park Item
    01-Aug-13 16:43 ET


    MasTec beats by $0.04, beats on revs; guides FY13 EPS above consensus, revs above consensus (34.28 +1.28)

    Reports Q2 (Jun) earnings of $0.47 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of $0.43; revenues fell 1.1% year/year to $977.62 mln vs the $960.01 mln consensus. Co issues upside guidance for FY13, sees EPS of $1.88 vs. $1.80 Capital IQ Consensus Estimate; sees FY13 revs of $4.15 bln vs. $4.02 bln Capital IQ Consensus estimate. Full year 2013 continuing operations adjusted EBITDA guidance raised to $448 million-an increase of 33% over 2012.

    Sentiment: Strong Buy

15.87+0.36(+2.32%)Aug 28 4:04 PMEDT