24-May-2024
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MasTec Announces First Quarter 2024 Financial Results and Raises Guidance for the Year
PRNewswire (Thu, 2-May 4:34 PM ET)
MasTec Schedules First Quarter 2024 Earnings Release and Conference Call
PRNewswire (Thu, 11-Apr 10:00 AM ET)
MasTec Announces Fourth Quarter and Annual 2023 Financial Results and Provides Initial 2024 Guidance
PRNewswire (Thu, 29-Feb 4:41 PM ET)
MasTec is a leading infrastructure construction company operating mainly in North America across a range of industries. The company's primary activities include the engineering, building, installation, maintenance, and upgrade of communications, oil and gas, utility, renewable energy, and other infrastructure. MasTec reports its results under five reportable segments: 1) communications; 2) clean energy and infrastructure; 3) oil and gas; 4) power delivery, and 5) other.
Mastec trades on the NYSE stock market under the symbol MTZ.
As of May 24, 2024, MTZ stock price climbed to $112.21 with 755,212 million shares trading.
MTZ has a beta of 1.37, meaning it tends to be more sensitive to market movements. MTZ has a correlation of 0.11 to the broad based SPY ETF.
MTZ has a market cap of $8.84 billion. This is considered a Mid Cap stock.
Last quarter Mastec reported $3 billion in Revenue and -$.13 earnings per share. This beat revenue expectation by $67 million and exceeded earnings estimates by $.35.
In the last 3 years, MTZ stock traded as high as $123.33 and as low as $44.65.
The top ETF exchange traded funds that MTZ belongs to (by Net Assets): IJH, VTI, VB, VXF, MDY.
MTZ stock has underperformed the market in the last year with a return of +18.9%, while SPY returned +30.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MTZ shares. However, MTZ has outperformed the market in the last 3 month and 2 week periods, returning +58.2% and +3.8%, while SPY returned +4.6% and +1.7%, respectively. This indicates MTZ has been having a stronger performance recently.
MTZ support price is $107.39 and resistance is $112.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MTZ stock will trade within this expected range on the day.