Guggenheim initiated coverage on MasTec with a new price target
$MTZ
Water Sewer Pipeline Comm & Power Line Construction
Industrials
Guggenheim initiated coverage of MasTec with a rating of Buy and set a new price target of $195.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/16/2025 | $188.00 | Buy | Jefferies |
| 4/8/2025 | $134.00 | Overweight | Piper Sandler |
| 3/31/2025 | Peer Perform | Wolfe Research | |
| 1/8/2025 | $195.00 | Buy | Guggenheim |
| 11/5/2024 | $133.00 → $173.00 | Hold → Buy | Truist |
| 11/4/2024 | $115.00 → $160.00 | Buy | TD Cowen |
| 10/7/2024 | $153.00 | Overweight | JP Morgan |
| 5/6/2024 | $105.00 → $110.00 | Buy | TD Cowen |
SC 13D/A - MASTEC INC (0000015615) (Subject)
SC 13D/A - MASTEC INC (0000015615) (Subject)
SC 13G/A - MASTEC INC (0000015615) (Subject)
First Quarter 2025 Highlights Revenue of $2.8 billion increased 6%; strong 21% combined growth contribution from non-pipeline segments; 44% decrease from Pipeline Infrastructure due to large contract close-out last year18-month backlog as of March 31, 2025 of $15.9 billion increased 24% year-over-year and 11% versus the prior quarter; significant first quarter additions in Pipeline InfrastructureDiluted EPS of $0.13 and Adjusted Diluted EPS of $0.51, above expectations by $0.18 and $0.17, respectivelyGAAP Net Income of $12.3 million and Adjusted EBITDA of $163.7 million, above expectations by $13.3 million and $3.7 million, respectivelyCash flow from operating activities of $78 million; Free
Seasoned utility infrastructure executive to lead Red Arts' national platform expansion into critical grid and infrastructure services Red Arts Capital ("Red Arts"), a leading investment firm specializing in supply chain-related and logistics businesses, today announced the appointment of Sherina Maye Edwards as a Red Arts CEO-in-Residence. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250415295377/en/Sherina Maye Edwards, Red Arts CEO-in-Residence Edwards will spearhead the firm's platform investment strategy in the utility services sector, where Red Arts has developed a longstanding investment thesis. Edwards will seek to par
CORAL GABLES, Fla., April 11, 2025 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) will release its first quarter financial results on Thursday, May 1, 2025 after the market close. In addition, MasTec's senior management will host a webcast and call to review these results on Friday, May 2, 2025, at 9:00 a.m. ET. The event will be broadcast live and can be accessed through the MasTec Investor Relations website at www.mastec.com/investors/. A replay, along with the earnings release and supporting materials, will also be posted to the website. The dial-in number for the conference ca
8-K - MASTEC INC (0000015615) (Filer)
8-K - MASTEC INC (0000015615) (Filer)
10-Q - MASTEC INC (0000015615) (Filer)
Jefferies initiated coverage of MasTec with a rating of Buy and set a new price target of $188.00
Piper Sandler initiated coverage of MasTec with a rating of Overweight and set a new price target of $134.00
Wolfe Research initiated coverage of MasTec with a rating of Peer Perform
4 - MASTEC INC (0000015615) (Issuer)
4 - MASTEC INC (0000015615) (Issuer)
4 - MASTEC INC (0000015615) (Issuer)
First Quarter 2025 Highlights Revenue of $2.8 billion increased 6%; strong 21% combined growth contribution from non-pipeline segments; 44% decrease from Pipeline Infrastructure due to large contract close-out last year18-month backlog as of March 31, 2025 of $15.9 billion increased 24% year-over-year and 11% versus the prior quarter; significant first quarter additions in Pipeline InfrastructureDiluted EPS of $0.13 and Adjusted Diluted EPS of $0.51, above expectations by $0.18 and $0.17, respectivelyGAAP Net Income of $12.3 million and Adjusted EBITDA of $163.7 million, above expectations by $13.3 million and $3.7 million, respectivelyCash flow from operating activities of $78 million; Free
CORAL GABLES, Fla., April 11, 2025 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) will release its first quarter financial results on Thursday, May 1, 2025 after the market close. In addition, MasTec's senior management will host a webcast and call to review these results on Friday, May 2, 2025, at 9:00 a.m. ET. The event will be broadcast live and can be accessed through the MasTec Investor Relations website at www.mastec.com/investors/. A replay, along with the earnings release and supporting materials, will also be posted to the website. The dial-in number for the conference ca
Record Fourth Quarter and Annual Revenue of $3.4 Billion and $12.3 Billion, RespectivelyRecord Full Year 2024 Cash Flow from Operations Increased 63% to $1.1 Billion Record 18-Month Backlog of $14.3 BillionFourth Quarter Reduction in Net Debt of $318 Million, with Net Debt Leverage Ratio Reduced to 1.8x2024 Results Include GAAP Net Income of $199.4 Million, Adjusted Net Income of $348.3 Million, Adjusted EBITDA of $1.0 Billion, Diluted Earnings Per Share of $2.06 and Adjusted Diluted Earnings Per Share of $3.95Issuing Initial Annual 2025 Guidance Including Revenue of $13.45 Billion, a 9% Increase Over 2024, GAAP Net Income of $327 Million to $366 Million, Adjusted EBITDA of $1.10 Billion to
Seasoned utility infrastructure executive to lead Red Arts' national platform expansion into critical grid and infrastructure services Red Arts Capital ("Red Arts"), a leading investment firm specializing in supply chain-related and logistics businesses, today announced the appointment of Sherina Maye Edwards as a Red Arts CEO-in-Residence. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250415295377/en/Sherina Maye Edwards, Red Arts CEO-in-Residence Edwards will spearhead the firm's platform investment strategy in the utility services sector, where Red Arts has developed a longstanding investment thesis. Edwards will seek to par
CORAL GABLES, Fla., April 7, 2025 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that after more than 23 years of service J. Marc Lewis will retire as Vice President of Investor Relations and Chris Mecray will immediately assume that role. Chris Mecray joins MasTec from DuPont de Nemours, Inc. where he served as Vice President, Investor Relations. Mr. Mecray has also served in Investor Relations, Treasury and Strategy roles at Axalta Coating Systems, Inc., as a senior Fund Analyst at BlackRock, Inc. and as a sell-side equity research analyst with Deutsche Bank Securities and its predecessor companies. Mr. Mecray received his A.B. from Princeton University. Mr. Lewis has agreed to s
EFFINGHAM, Ill., June 10, 2022 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the "Company" or "Midland") announced today that Sherina Maye Edwards has been appointed to the Board of Directors of the Company and Midland States Bank. Ms. Edwards is the Chief Strategy Officer of MasTec, Inc. (NYSE:MTZ), a leading infrastructure construction company operating mainly throughout North America across a range of industries. Most recently, she was the President and CEO of INTREN, a subsidiary of MasTec. With the addition of Ms. Edwards, the Company's Board of Directors now has 11 members, with 10 of the directors classified as independent. "We are very pleased to add Sherina to o