MasTec (NYSE:MTZ) Updates FY 2026 Earnings Guidance

MasTec (NYSE:MTZ) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 9.300-9.300 for the period, compared to the consensus earnings per share estimate of 8.770. The company issued revenue guidance of $18.2 billion-$18.2 billion, compared to the consensus revenue estimate of $17.5 billion. MasTec also updated its Q3 2026 guidance to 2.980-2.980 EPS.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MTZ. Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Truist Financial raised their target price on MasTec from $518.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. KeyCorp upped their price target on shares of MasTec from $460.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Guggenheim raised their price objective on shares of MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Roth Capital reaffirmed a “buy” rating and set a $450.00 target price on shares of MasTec in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $466.89.

MasTec Stock Down 17.9%

Shares of MasTec stock traded down $58.19 during trading on Friday, hitting $266.25. 3,024,943 shares of the stock traded hands, compared to its average volume of 1,077,188. The firm has a market cap of $21.04 billion, a P/E ratio of 46.44 and a beta of 1.77. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. MasTec has a 52-week low of $160.08 and a 52-week high of $441.43. The stock’s fifty day simple moving average is $367.93 and its 200 day simple moving average is $333.67.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.01). The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The firm’s revenue was up 23.4% compared to the same quarter last year. During the same period last year, the business posted $1.49 EPS. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. On average, equities analysts predict that MasTec will post 9.18 earnings per share for the current fiscal year.

Insider Activity

In related news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $417.00, for a total value of $1,251,000.00. Following the transaction, the director owned 30,646 shares in the company, valued at approximately $12,779,382. This represents a 8.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the transaction, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This trade represents a 37.54% decrease in their position. The SEC filing for this sale provides additional information. 21.40% of the stock is currently owned by insiders.

MasTec News Roundup

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec reported second-quarter revenue above expectations and adjusted EBITDA margin expansion of 100 basis points. Management also cited broad-based growth, strong execution and backlog development. MasTec Reports Second Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: MasTec’s third-quarter 2026 outlook calls for $2.98 EPS and $4.9 billion of revenue, above consensus estimates of $2.74 and $4.7 billion, respectively. Full-year guidance of $9.30 EPS and $18.2 billion of revenue also exceeds consensus estimates of $8.77 and $17.5 billion. MasTec Q2 Earnings and Revenues Beat Estimates
• Neutral Sentiment: EPS was broadly in line with estimates: MasTec beat the Zacks consensus of $2.19 but narrowly missed another analyst consensus of $2.23. The differing benchmarks may have contributed to a mixed interpretation of the quarter. MasTec Earnings Report
• Negative Sentiment: The market reaction suggests investors viewed the updated outlook as less favorable than previously anticipated, with reports describing a guidance reduction that overshadowed the record quarter. That concern appears to have outweighed the reported revenue beat and above-consensus published guidance. MasTec Falls After Guidance Cut Overshadows Record Quarter
• Negative Sentiment: At a market capitalization of roughly $21 billion and a price-to-earnings ratio near 47, MasTec carries elevated valuation expectations. The small EPS miss against one consensus measure and the negative guidance narrative therefore triggered disproportionate selling. MasTec Q2 2026 Earnings Analysis

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its holdings in MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after purchasing an additional 186 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after buying an additional 182 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in MasTec by 32.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 329 shares of the construction company’s stock worth $72,000 after acquiring an additional 80 shares during the last quarter. BROOKFIELD Corp ON acquired a new position in MasTec during the fourth quarter worth about $76,000. Finally, Vestcor Inc purchased a new stake in MasTec during the 3rd quarter valued at about $128,000. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.