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Last $15.87 USD
Change Today +0.36 / 2.32%
Volume 929.0K
MTZ On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

mastec inc (MTZ) Snapshot

Open
$15.51
Previous Close
$15.51
Day High
$16.10
Day Low
$15.50
52 Week High
09/23/14 - $32.10
52 Week Low
08/26/15 - $14.48
Market Cap
1.3B
Average Volume 10 Days
1.9M
EPS TTM
$0.92
Shares Outstanding
79.8M
EX-Date
--
P/E TM
17.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for MASTEC INC (MTZ)

mastec inc (MTZ) Related Businessweek News

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mastec inc (MTZ) Details

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure in the United States and internationally. It operates in five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. The company builds underground and overhead distribution systems, including trenches, conduits, cable, and power lines, which provide wireless and wireline/fiber communications; natural gas, crude oil, and refined product transport pipelines; electrical power generation, transmission and distribution systems; power generation infrastructure, including renewable energy; heavy industrial plants; and compressor and pump stations and treatment plants. It also installs electrical and other energy distribution and transmission systems, power generation facilities, buried and aerial fiber optic cables, coaxial cables, copper lines, satellite dishes, home security, and home automation in various environments. In addition, the company provides maintenance and upgrade support services that consist of maintenance of customers’ distribution facilities, networks, and infrastructure, including natural gas and petroleum pipeline, communications, electrical distribution and transmission, and power generation infrastructure; emergency services for accidents or storm damage; and routine replacements and upgrades to overhauls. Its customers include public and private energy providers, pipeline operators, wireless service providers, satellite and broadband operators, local and long distance carriers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.

17,100 Employees
Last Reported Date: 08/17/15
Founded in 1929

mastec inc (MTZ) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $980.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $413.2K
Chief Operating Officer
Total Annual Compensation: $525.0K
Executive Vice President, Secretary and Gener...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

mastec inc (MTZ) Key Developments

MasTec, Inc. Announces Not to Stand Re-Election of Daniel A. Restrepo to the Board of Directors

On August 25, 2015, Daniel A. Restrepo notified MasTec, Inc. of his decision not to stand for re-election to the board of directors at MasTec's 2015 annual meeting of shareholders. Mr. Restrepo will continue to serve as a member of the Board until the 2015 annual meeting of shareholders.

MasTec, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter Ending September 30, 2015 and Full Year Ending December 31, 2015

MasTec, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $1,066,629,000 against $1,107,232,000 a year ago. Loss from continuing operations before income taxes was $2,376,000 against income of $54,499,000 a year ago. Net loss from continuing operations was $3,820,000 against income of $33,738,000 a year ago. Net loss attributable to the company was $3,700,000 against income of $33,725,000 a year ago. Total diluted loss per share was $0.05 against earnings per share of $0.39 a year ago. EBITDA – continuing operations was $53.8 million against $104.2 million a year ago. Adjusted EBITDA – continuing operations was $71.0 million against $108.4 million a year ago. Adjusted net income from continuing operations was $8.1 million against $36.4 million a year ago. Adjusted diluted earnings per share were $0.10 against $0.42 million a year ago. The quarterly revenue change was primarily composed of revenue declines in the Electrical Transmission and Communications segments, partially offset by revenue increases in the Oil & Gas and Power Generation & Industrial segments. For the six months, the company reported revenue of $2,069,896,000 against $2,065,050,000 a year ago. Loss from continuing operations before income taxes was $13,116,000 against income of $74,252,000 a year ago. Net loss from continuing operations was $10,208,000 against income of $46,002,000 a year ago. Net loss attributable to the company was $9,963,000 against income of $45,821,000 a year ago. Total diluted loss per share was $0.12 against earnings per share of $0.53 a year ago. EBITDA – continuing operations was $96.6 million against $169.5 million a year ago. Adjusted EBITDA – continuing operations was $134.7 million against $176.9 million a year ago. Net cash provided by operating activities was $165,853,000 against $55,319,000 a year ago. Adjusted net income from continuing operations was $14.2 million against $50.6 million a year ago. Adjusted net income was $14.2 million against $50.4 million a year ago. Adjusted diluted earnings per share were $0.18 against $0.58 a year ago. For the full year ending December 31, 2015, the company expects revenue of $1.1 to $1.2 billion. Net income from continuing operations is expected to be in the range of $28 million to $36 million, interest expense, net to be $50 million, depreciation and amortization to be $170 million, EBITDA - continuing operations is expected to be in the range of $276 million to $291 million, adjusted EBITDA - continuing operations is expected to be in the range of $325 million to $340 million, adjusted net income from continuing operations is expected to be in the range of $59 million to $67 million, diluted earnings per share – continuing operations is expected to be in the range of $0.35 to $0.45. Adjusted diluted earnings per share - continuing operations are expected to be in the range of $0.73 to $0.83. The company currently estimates fiscal year 2015 revenue of $4.2 to $4.3 billion. The company expects tax rate for fiscal 2015 to approximate 44.5%. The company has moderated planned CapEx spend in the second half of 2015 and now estimate that the company will spend approximately $70 million in cash CapEx, with an additional $40 million to $50 million in finance CapEx for a total CapEx of $110 million to $120 million for the year. For the third quarter ending September 30, 2015, the company expects revenue of $1.1 to $1.2 billion. Net income from continuing operations is expected to be in the range of $21 million to $25 million, interest expense, net to be $13 million, depreciation and amortization to be $42 million, EBITDA - continuing operations is expected to be in the range of $93 million to $101 million, adjusted EBITDA - continuing operations is expected to be in the range of $100 million to $108 million, adjusted net income from continuing operations is expected to be in the range of $25 million to $29 million, diluted earnings per share – continuing operations is expected to be in the range of $0.26 to $0.32. Adjusted diluted earnings per share - continuing operations are expected to be in the range of $0.31 to $0.37.

MasTec, Inc. announced delayed 10-Q filing

On 08/11/2015, MasTec, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

 

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Industry Analysis

MTZ

Industry Average

Valuation MTZ Industry Range
Price/Earnings 20.0x
Price/Sales 0.3x
Price/Book 1.2x
Price/Cash Flow 5.5x
TEV/Sales 0.0x
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