41.42 +1.20 (2.98%)
Before hours: 7:29AM EDT
|Bid||40.22 x 1000|
|Ask||41.42 x 800|
|Day's Range||40.15 - 42.49|
|52 Week Range||22.51 - 73.71|
|Beta (5Y Monthly)||1.45|
|PE Ratio (TTM)||7.91|
|Earnings Date||Jul 30, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Aug 04, 1982|
|1y Target Est||48.67|
In this article you are going to find out whether hedge funds think MasTec, Inc. (NYSE:MTZ) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among […]
MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in a fireside chat during the Stifel Cross Sector Insight Virtual Conference on Wednesday, June 10th, at approximately 12:40 p.m. ET. Additionally, one-on-one meetings with institutional investors and MasTec's senior management are also being arranged as a part of the conference.
MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in a fireside chat during the UBS Global Industrials and Transportation Virtual Conference on Tuesday, June 2nd at approximately 4:40 a.m. ET. Additionally, one-on-one meetings with institutional investors and MasTec's senior management are also being arranged as a part of the conference.
Jose Mas has been the CEO of MasTec, Inc. (NYSE:MTZ) since 2007. This report will, first, examine the CEO compensation...
Industrial companies are doing particularly well, with shares of N95 mask-maker 3M (NYSE: MMM) up 6.2%, construction company MasTec (NYSE: MTZ) rising 10.3%, and aerospace concern Textron (NYSE: TXT) doing best of all -- up 11.2%! It almost goes without saying these days that these stock price gains are not tied to anything specific to the companies whose stocks are enjoying the gains.
A week ago, MasTec, Inc. (NYSE:MTZ) came out with a strong set of quarterly numbers that could potentially lead to a...
Shares of MasTec (NYSE: MTZ), a leading infrastructure construction company, bucked broader market declines as they jumped 13% early Friday after the company released better-than-expected first-quarter results. Revenue declined 6.6% from the prior year to $1.4 billion, but that was still better than analysts' estimates calling for $1.3 billion. Adjusted earnings per share checked in at $0.60, which was $0.12 higher than management's guidance and $0.14 higher than analysts' estimates.
MasTec (MTZ) posts solid Q1 results on strong Communications, Electrical Transmission & Power Generation and Industrial businesses. Yet, COVID-19 impacts are likely to weigh on its future performance.
MasTec, Inc. (NYSE: MTZ) today announced better than expected first quarter financial results and updated its guidance for the remainder of 2020 for the potential impacts of the COVID-19 Pandemic.
MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter ended March 31, 2020 after the market closes on Thursday, April 30, 2020. Senior Management will also hold a conference call to discuss these results on Friday, May 1, 2020, at 9:00 a.m. Eastern time.
MasTec (NYSE:MTZ) shareholders are no doubt pleased to see that the share price has bounced 30% in the last month...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
MasTec, Inc. (NYSE: MTZ) today announced that its Board of Directors has authorized the repurchase of up to $150 million of MasTec common stock. This authorization is in addition to $129 million in open share repurchase authorization plans as of December 31, 2019, under which to date, MasTec has completed share repurchases approximating $110 million during the first quarter of 2020.
To the annoyance of some shareholders, MasTec (NYSE:MTZ) shares are down a considerable 34% in the last month. The...
One of the biggest stories of last week was how MasTec, Inc. (NYSE:MTZ) shares plunged 20% in the week since its...
MasTec, Inc. (NYSE: MTZ) today announced strong 2019 fourth quarter and full year financial results and issued its initial 2020 guidance expectation.
While MasTec, Inc. (NYSE:MTZ) shareholders are probably generally happy, the stock hasn't had particularly good run...
MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the year and quarter ended December 31, 2019 after the market closes on Thursday, February 27, 2020. Senior Management will also hold a conference call to discuss these results on Friday, February 28, 2020, at 9:00 a.m. Eastern time.
In 1982, the late Neil Peart wrote, with conscious irony, “constant change is here to stay.” The years since have only proved his insight, with the added twist that the true constant is the steady acceleration in the rate of change. And nowhere is that more evident than in the tech industry.The continuing shift to 5G digital is a perfect example. The new digital technology promises to thoroughly upend the cellular market, bringing in faster mobile internet connection times and download speeds, and clearer voice signals. The new tech has been available since 2017, and nationwide networks debuted in the US last year. 5G has been available at smaller scales, mainly in urban areas, since late 2018.The switchover, like any great change, promises opportunity and profit to those able to get in on the ground floor. Wall Street’s top analysts have been busy searching the market, finding those companies that are best positioned to strike it big in the 5G shift. We’ve run three of their top choices through the TipRanks Stock Comparison tool, to see where they stand now, as the “Year of 5G” get started. Let's take a closer look.Inseego Corporation (INSG)Our first stock is an IoT company. Inseego specializes in mobile connection systems for industrial internet, providing advanced modems and routers for enhanced device-to-cloud integration. It’s no surprise, then, that Inseego is deeply involved in 5G; the faster connection and download times will be essential in developing the full potential of IoT systems. Last year, Inseego took a step in that direction with the first commercially available 5G mobile broadband hotspot.Inseego’s potential as it moves toward the new digital tech is clear from the stock’s recent performance. INSG shares gained 76% in 2019, with particularly strong gains in Q4. That quarter’s earnings will be reported in early March. Analysts expect to see a net loss of 13 cents, a common occurrence for cutting edge tech companies. It’s important to remember, however, that the company’s revenues are growing. In Q3, INSG posted $62.72 million in revenues, beating forecasts by 5.4% and growing 23.8% year-over-year. A similar showing in Q4 will reinforce investors’ faith in the company.Roth Capital analyst Scott Searle, who rates 4 stars from TipRanks, says of the company, “Entering 2020 Inseego is positioned to transform its balance sheet, embark on a new enterprise product platform and solutions strategy, and benefit from general 5G momentum. Importantly, increasing spectrum availability and an expansive 5G FWA market will be key global drivers into 2021 and beyond.”Searle’s gives INSG a $9.50 price target with his Buy rating, implying an upside of 14%. (To watch Searle’s track record, click here)Overall, the average price target of $8.42 suggests a minimal upside – but also reflects the stock’s recent gains. The stock’s Strong Buy consensus rating is based on 5 Buys and a single Hold given in recent weeks. (See Inseego stock analysis at TipRanks)Skyworks Solutions (SWKS)The semiconductor industry also stands to gain from 5G, as device and equipment manufacturers buy upgraded chips to handle the new signal bands and speeds. Skyworks, which supplies chips to the wireless handset industry, is perfectly positioned to gain from this. The company’s main focus is on small-cell and MIMP tech, which are directly applicable to the 5G ramp. 5G, especially on the higher-end, is shorter ranged than existing 4G signals, and the new networks will require denser grid systems of small-cell towers and transmitters.Among Skyworks’ chief products are the RF chips that make broadband, mobile, and wireless infrastructure possible. The company is invested in Samsung and Huawei, with about 10% of sales going to the two Asian giants, but its largest customer is Apple. Apple makes up about 47% of Skyworks’ total sales, and the chipmaker provides components for the latest 5G capable iPhone models.Skyworks reported fiscal Q4 results late last year, beat both revenue and EPS forecasts. At $1.52 per share, EPS was 1.3% better than expected. Revenues came in at $827.4 million, a quarter point over expectations.More recently, the company’s fiscal Q1 results showed even stronger beats. The Q1 EPS of $1.68 was 1.8% over the forecast, while the $896.1 million in revenue beat estimates by 2%. Management credited the better-than-expected earnings and revenue to increased 5G business, especially in cell phone handsets. Mobile products made up 73% of the revenues.Wall Street’s analysts were upbeat after the Q1 report. Harsh Kumar, from Piper Sandler, wrote of the company’s Q1 performance, “Skyworks reported solid December quarter results and provided strong March quarter guidance, as both were higher than Street expectations. The company is now starting to ship 5G components to Chinese OEMs... We expect 5G to be a meaningful tailwind for Skyworks, and management sounded extremely optimistic about its prospects with the large U.S. handset OEM.”Kumar’s $140 price target implies an upside of 14% for SKWS, supporting his Buy rating. (To watch Kumar’s track record, click here)5-star analyst Ruben Roy agrees with Kumar. He wrote, “SWKS management executed well in the sometimes challenging 2019 calendar year and the Company’s margin and cash flow metrics remain amongst the best across the semiconductor group. With the 5G handset cycle now ramping, SWKS delivered results and March quarter outlook above consensus expectations.”Ruben gives SWKS another $140 price target, along with a Buy Rating. (To watch Ruben’s track record, click here)With 14 Buy ratings against 6 Holds, Skyworks has a Moderate Buy from the analyst consensus. Shares are not cheap, priced at $122, but the average price target suggests room for 10% growth on the upside – a clear incentive for investors. (See Skyworks’ stock analysis at TipRanks)MasTec, Inc. (MTZ)Our final stock today may not strike you as a clear gainer from 5G. MasTec is an engineering firm, solidly based in the energy and construction industries. The company has a 20-year history and has grown into a $4.9 billion behemoth. And, it has a workforce of trained technicians capable of actually putting up the new cell towers that expanding 5G networks require.The company is optimistic about gaining 5G construction and installation business. By mid-2019, MasTec was even reporting a labor shortage – there simply weren’t enough technicians to manage all of the installation jobs, and the company had about 15% more tenders than available crews. Recruiting and training have become major expenditures for MasTec as it works to attract 5G-related business.In the meantime, MTZ has been reporting strong earnings. For Q3, the company showed $2.02 billion in revenue, up 2% year-over-year, and EPS of $1.73. The EPS number was 6% over estimates and up 30% yoy. Looking ahead, MTZ is expected to report $1.22 EPS for Q4 on February 27. The slip from Q3 would be in-line with past performance patterns.Barclays analyst Adam Seiden writes of MTZ’s prospects, “The start of the 5G buildout has been later than anticipated, but is not a matter of if, but a matter of when. MTZ noted at a conference in Dec that both its Wireless and Wireline businesses could grow at double-digit rates until 3Q20-2Q21, when 5G spending could start to inflect even higher.”Seiden set a $75 price target on MTZ, along with a Buy rating. His price target indicates confidence in a 23% upside potential. (To watch Seiden’s track record, click here.)MTZ has only three recent analyst reviews, split 2 Buys to 1 Hold for a Moderate Buy consensus rating. The stock sells for $60.75, and the average price target of $75.67 suggests an upside potential of 24%. (See MasTec’s stock analysis at TipRanks)