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Last $17.16 USD
Change Today -0.53 / -3.00%
Volume 79.4K
MTZ On Other Exchanges
Symbol
Exchange
New York
As of 9:53 AM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

mastec inc (MTZ) Snapshot

Open
$17.50
Previous Close
$17.69
Day High
$17.62
Day Low
$17.09
52 Week High
05/27/14 - $39.92
52 Week Low
05/12/15 - $15.34
Market Cap
1.4B
Average Volume 10 Days
2.0M
EPS TTM
$1.26
Shares Outstanding
81.9M
EX-Date
--
P/E TM
13.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for MASTEC INC (MTZ)

mastec inc (MTZ) Related Businessweek News

No Related Businessweek News Found

mastec inc (MTZ) Details

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for energy, utility, and communications infrastructure primarily in the United States. It operates in five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. The company builds pipelines for natural gas, crude oil, and refined product transportation; underground and overhead distribution systems comprising trenches, conduits, and cable and power lines that provide wireless and wireline communications; 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, and satellite dishes in various environments. In addition, the company provides maintenance and upgrade support services that consist of maintenance of distribution facilities; and networks and infrastructure, including natural gas and petroleum pipelines, wireless, power generation, and electrical distribution and transmission infrastructure, as well as 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.

mastec inc (MTZ) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $980.0K
Chief Operating Officer
Total Annual Compensation: $525.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

mastec inc (MTZ) Key Developments

MasTec, Inc. announced delayed 10-Q filing

On 05/12/2015, MasTec, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Mastec, Inc. Reports Preliminary Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter Ending June 30, 2015 and Full Year Ending December 31, 2015

MasTec, Inc. reported preliminary unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net loss of $6,887,000 or $0.08 per basic and diluted share on revenue of $1,002,421,000 against net income of $16,068,000 or $0.21 per basic and diluted share on revenue of $964,029,000 a year ago. Net loss attributable to the company of $6,762,000 compared to net income attributable to the company of $16,023,000 a year ago. Loss from continuing operations before income taxes of $11,586,000 compared to income from continuing operations before income taxes of $26,106,000 a year ago. Loss from continuing operations was $6,887,000 or $0.08 per basic and diluted share against income from continuing operations of $16,190,000 or $0.21 per basic and diluted share a year ago. Net cash provided by operating activities of $117,257,000 compared to net cash used in operating activities of $20,394,000 a year ago. The revenue increased driven by increases in the Power Generation and Industrial segment, the Electrical Transmission segment and the Communications segment, partially offset by the expected decrease in the Oil and Gas segment. Adjusted net income from continuing operations was $5,600,000 compared to $18,200,000 in 2014. Continuing operations adjusted diluted earnings per share was $0.07, compared to $0.21 last year. Continuing operations adjusted EBITDA, also a non-GAAP measure, was $63,000,000 compared to $75,000,000 in 2014. Included in first quarter 2015 continuing operations adjusted EBITDA is approximately $16,000,000 in losses related to a Canadian wind farm project. First quarter 2015 cash CapEx net of disposals was approximately $18 million. The company added approximately $13 million in capital leases and other financed equipment purchases for a total CapEx spend net of disposals of $31 million. The company Provided earnings guidance for the second quarter and full year of fiscal 2015. Additionally, for the second quarter ending June 30, 2015, the company expects revenue of approximately $1.0 billion. Continuing operations adjusted EBITDA, a non-GAAP measure, is estimated at $94 to $99 million with continuing operations adjusted diluted earnings per share, a non-GAAP measure, estimated at $0.27 to $0.30. For the full year ending December 31, 2015, The company currently estimates fiscal year 2015 revenue of approximately $4.4 billion. 2015 continuing operations adjusted EBITDA, a non-GAAP measure, is estimated at approximately $425 million, with continuing operations adjusted diluted earnings per share, also a non-GAAP measure, estimated at $1.45. The company expects the cash flow from operations for the full year 2015 to be strong and to exceed 2014 levels. The company anticipates that 2015 cash CapEx levels net of disposals will approximate $80 million with an additional $80 million to $90 million in capital lease and equipment financing for a total CapEx net of disposals of $160 million to $170 million. Income tax rate is estimated at approximately 41% for 2015.

MasTec, Inc. and Several Officers and Directors Face Class Action Lawsuit

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announced that a federal class action lawsuit has been filed against MasTec, Inc. and several officers and directors for acts taken during the period of August 12, 2014 to March 17, 2015. Based upon the allegations in the class action, the firms are investigating additional legal claims against the officers and Board of Directors of MasTec.

 

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Industry Analysis

MTZ

Industry Average

Valuation MTZ Industry Range
Price/Earnings 15.2x
Price/Sales 0.3x
Price/Book 1.4x
Price/Cash Flow 5.6x
TEV/Sales 0.1x
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