Mastec Inc. (NYSE: MTZ) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted MasTec Senior Management to Present at the UBS 2023 Industrial Summit Investor Conference.

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Stocks Info

Mastec Inc. is listed on the NYSE in the Industrials sector while operating in the Engineering & Construction industry. The current market capitalization of Mastec Inc. is $5.36B. A total of 0.56 million shares were traded on the day, compared to an average of 1.13M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, MTZ has seen 6 BUY and 4 SELL insider trades, representing the acquisition of 4,720 and the disposition of 686 shares. Over the last 12 months, there were 32 BUYs and 23 SELLs from insiders. Insiders purchased 226,990 shares during that period but sold 154,331.

In the most recent transaction, DiMarco Paul sold 1,332 shares of MTZ for 71.35 per share on Oct 02. After the transaction, the CFO now owns 16,620 company shares. In a previous transaction on Oct 02, Love Timothy Michael sold 1,095 shares at 71.46 per share. MTZ shares that CAO owns now total 10,525.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for MTZ in the last 3 months, the mean price target is $74.08 with high estimates of $92.00 and low estimates of $50.00. In terms of 52-week highs and lows, MTZ has a high of $123.33 and a low of $44.65.

As of this writing, MTZ has an earnings estimate of $0.44 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.51 per share and a lower estimate of $0.29. The company reported an EPS of $0.89 in the last quarter, which was 4.70% higher than expectations of $0.85.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. MTZ’s latest balance sheet shows that the firm has $360.74M in Cash & Short Term Investments as of fiscal 2021. There were $2.29B in debt and $1.78B in liabilities at the time. Its Book Value Per Share was $34.30, while its Total Shareholder’s Equity was $2.54B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MTZ is Buy with a score of 4.45.

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