Mastec Inc. (NYSE: MTZ) kicked off on Tuesday, down -1.20% from the previous trading day ,before settling in for the closing price of $94.16. Over the past 52 weeks, MTZ has traded in a range of $44.65-$123.33.
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Annual sales at Industrials sector company grew by 12.68% over the past five years. While this was happening, its average annual earnings per share was recorded 34.47%. With a float of $61.80 million, this company’s outstanding shares have now reached $79.28 million.
Let’s look at the performance matrix of the company that is accounted for 34000 employees.
Mastec Inc. (MTZ) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Engineering & Construction Industry. The insider ownership of Mastec Inc. is 22.05%, while institutional ownership is 79.45%. The most recent insider transaction that took place on Oct 02 ’23, was worth 95,038. In this transaction CFO of this company sold 1,332 shares at a rate of $71.35, taking the stock ownership to the 16,620 shares. Before that another transaction happened on Oct 02 ’23, when Company’s CAO sold 1,095 for $71.46, making the entire transaction worth $78,249. This insider now owns 10,525 shares in total.
Mastec Inc. (MTZ) Latest Financial update
In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $0.66 earnings per share (EPS), higher than consensus estimate (set at $0.44) by $0.22. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.9 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 34.47% per share during the next fiscal year.
Mastec Inc. (NYSE: MTZ) Trading Performance Indicators
Take a look at Mastec Inc.’s (MTZ) current performance indicators. Last quarter, stock had a quick ratio of 1.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.61. Likewise, its price to free cash flow for the trailing twelve months is 14.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.66, a number that is poised to hit -0.48 in the next quarter and is forecasted to reach 4.09 in one year’s time.
Technical Analysis of Mastec Inc. (MTZ)
Mastec Inc. (NYSE: MTZ) saw its 5-day average volume 0.59 million, a negative change from its year-to-date volume of 0.95 million. As of the previous 9 days, the stock’s Stochastic %D was 48.19%. Additionally, its Average True Range was 2.90.
During the past 100 days, Mastec Inc.’s (MTZ) raw stochastic average was set at 91.93%, which indicates a significant increase from 66.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.59% in the past 14 days, which was lower than the 46.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $81.09, while its 200-day Moving Average is $81.01. Nevertheless, the first resistance level for the watch stands at $94.69 in the near term. At $96.34, the stock is likely to face the second major resistance level. The third major resistance level sits at $97.69. If the price goes on to break the first support level at $91.69, it is likely to go to the next support level at $90.34. The third support level lies at $88.69 if the price breaches the second support level.
Mastec Inc. (NYSE: MTZ) Key Stats
The company with the Market Capitalisation of 7.38 billion has total of 79,489K Shares Outstanding. Its annual sales at the moment are 11,996 M in contrast with the sum of -49,950 K annual income. Company’s last quarter sales were recorded 3,280 M and last quarter income was 750 K.
