Analysis Of The Weekly Performance Of MasTec Inc. (MTZ)

MasTec Inc. (NYSE:MTZ) finished Friday with a subtraction of -$0.28 to close at $88.54, a downside of -0.32 percent. An average of 428,200 shares of common stock have been traded in the last five days. There was a gain of $2.28 in the past week, and it reached a new high 56 times over the past 12 months. The last 20 days have seen an average of 641,455 shares traded, while the 50-day average volume stands at 668,036.

MTZ stock has increased by 1.61% in the last month. The company shares reached their 1-month lowest point of $83.90 on 10/13/21. With the stock rallying to its 52-week high on 06/09/21, shares of the company touched a low of $45.81 and a high of $122.33 in 52 weeks. It has reached a new high 41 times so far this year and achieved 29.86% or $20.36 in price. In spite of this, the price is down -27.62% from the 52-week high.

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Insider Transactions

159 days have passed since MasTec Inc. (MTZ) last reported insider trading activity. Campbell C Robert, who is Director, most recently acquired $3,000 shares at $120.14 per share on May 17. In this transaction, the insider spent $360,429. Director, Csiszar Ernst N, disposed of 1,564 shares at a price of $91.01 on Mar 29. The insider now owns more than $142,334 worth of shares. Prior to that, Director Csiszar Ernst N went on to Sale 1,700 shares at $89.92 each on Mar 23. An amount of $152,860 was transacted.

Valuation Metrics

MasTec Inc. (MTZ) has a trailing price-to-earnings (P/E) ratio of 17.56, which compares with the 23.80 for the broader industry and 29.83 for the sector. In the last five years, MasTec Inc.’s PE ratio has ranged between 25.65 and 4.518. The stock’s beta is 1.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.94, the price-to-book (PB) ratio at 2.97, and the price-to-cash flow ratio at 10.81.

The quick ratio of MasTec Inc. for the three months ended June 29 was 1.40, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.66 and a total debt to equity ratio of 0.73 for the quarter ending June 29. MasTec Inc.’s EBITDA margin for the year ending June 29 is 11.80%, while its operating margin for the same period stands at 7.30%. Its gross profit as reported stood at $1.05 billion compared to revenue of $6.32 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, MasTec Inc.’s return on assets was 6.80%. For the broader industry, ROE averaged 10.11 over the past year.

Earnings Surprise

For the three-month period that ended June 29, MasTec Inc. had $1.42 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $75.45 million in the quarter, while revenues of $65.65 million were grew 24.44%. The analyst consensus anticipated MasTec Inc.’s latest quarter earnings to come in at $1.23 per share, but it turned out to be $1.3, a 5.70% surprise. For the quarter, EBITDA amounted to $202.47 million. Shareholders own equity worth $74.31 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at MasTec Inc. (MTZ) price momentum. RSI 9-day as of the close on 22 October was 56.51%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.51%.

As of today, MTZ’s price is $87.63 +2.64% or $2.28 from its 5-day moving average. MTZ is currently trading +1.83% higher than its 20-day SMA and -24.63% lower than its 100-day SMA. However, the stock’s current price level is -6.33% below the SMA50 and +11.58% above the SMA200.

The stochastic %K and %D were 67.04% and 57.34%, respectively, and the average true range (ATR) was 2.19. With the 14-day stochastic at 70.95% and the average true range at 2.34, the RSI (14) stands at 51.47%. The stock has reached 1.38 on the 9-day MACD Oscillator while the 14-day reading was at 1.13.

Analyst Ratings

Goldman launched coverage on MasTec Inc. (NYSE: MTZ) in its analyst report released on September 17, 2021. The firm assigned the stock a a Buy rating.


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