A new trading day began on Tuesday, with Mastec Inc (NYSE: MTZ) stock price up 0.99% from the previous day of trading, before settling in for the closing price of $142.05. MTZ’s price has ranged from $60.96 to $150.12 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 12.68% over the past five years. Meanwhile, its annual earnings per share averaged 84.33%. With a float of $61.49 million, this company’s outstanding shares have now reached $79.22 million.
Let’s look at the performance matrix of the company that is accounted for 34000 employees. In terms of profitability, gross margin is 9.28%, operating margin of 2.85%, and the pretax margin is 1.27%.
Mastec Inc (MTZ) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Engineering & Construction Industry. The insider ownership of Mastec Inc is 22.39%, while institutional ownership is 74.42%. The most recent insider transaction that took place on Nov 26 ’24, was worth 1,500,000. In this transaction COO of this company sold 10,000 shares at a rate of $150.00, taking the stock ownership to the 187,202 shares. Before that another transaction happened on Nov 26 ’24, when Company’s Director sold 3,000 for $145.00, making the entire transaction worth $435,000. This insider now owns 42,478 shares in total.
Mastec Inc (MTZ) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.66 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.37 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 84.33% per share during the next fiscal year.
Mastec Inc (NYSE: MTZ) Trading Performance Indicators
Here are Mastec Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.93. Likewise, its price to free cash flow for the trailing twelve months is 11.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.12, a number that is poised to hit 1.21 in the next quarter and is forecasted to reach 5.05 in one year’s time.
Technical Analysis of Mastec Inc (MTZ)
Mastec Inc (NYSE: MTZ) saw its 5-day average volume 0.8 million, a negative change from its year-to-date volume of 0.86 million. As of the previous 9 days, the stock’s Stochastic %D was 47.93%. Additionally, its Average True Range was 4.47.
During the past 100 days, Mastec Inc’s (MTZ) raw stochastic average was set at 88.93%, which indicates a significant increase from 57.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.48% in the past 14 days, which was lower than the 36.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $131.85, while its 200-day Moving Average is $108.40. Nevertheless, the first resistance level for the watch stands at $144.39 in the near term. At $145.32, the stock is likely to face the second major resistance level. The third major resistance level sits at $146.61. If the price goes on to break the first support level at $142.16, it is likely to go to the next support level at $140.87. The third support level lies at $139.94 if the price breaches the second support level.
Mastec Inc (NYSE: MTZ) Key Stats
With a market capitalization of 11.37 billion, the company has a total of 79,235K Shares Outstanding. Currently, annual sales are 11,996 M while annual income is -49,950 K. The company’s previous quarter sales were 3,252 M while its latest quarter income was 95,240 K.
