) shares attained a 52-week high of $42.81 during intraday
trading on Mar 4, finally closing lower at $42.40, surpassing the
previous high of $41.67 reached on Friday, Feb 28.
The company has delivered a robust year-to-date return of about
37.8%, outperforming the S&P return of 26.0%. MasTec has a
market cap of $3.3 billion. Average volume of shares traded over
the last 3 months was approximately 846K. The company has
long-term estimated earnings per share growth rate of 19.6%.
What's Driving MasTec?
Shares of MasTec have been on the rise since the company reported
upbeat fourth-quarter results and record revenues, earnings per
share and earnings before interest, tax, depreciation and
amortization (EBITDA) for 2013 on Feb 27. The company improved
upon its record performances in the last four consecutive years.
Adjusted earnings from continuing operations increased 13% to 53
cents per share in the fourth quarter of 2013 from 47 cents a
share in the year-ago quarter, ahead of the Zacks Consensus
Estimate of 48 cents. For 2013, the company's adjusted earnings
from continuing operations increased 25% year over year to a
record $1.90, well ahead of the Zacks Consensus Estimate of
For 2014, MasTec expects revenues to be around $4.65 billion to
$4.7 billion and adjusted EBITDA between $520 million and $525
million. The company now expects adjusted earnings per share to
be in the range of $2.27-$2.30 per share. The guidance, compared
with 2013, reflects the negative impact of foreign currency
translations related to the company's Canadian operations.
For the first quarter of 2014, the company projected about $920
million of revenues, EBITDA is estimated to be $74 million and
diluted earnings per share from continuing operations is expected
to be around 20 cents. The first quarter is normally the weakest
period seasonally and the estimated financial guidance reflects
the impact of severe weather disruptions in the beginning of this
The company is witnessing strong momentum in its end markets.
MasTec will benefit from growth opportunities for improvement in
revenues and margins in wireless, oil and gas pipeline,
electrical transmission, fiber deployment and renewable power
Other Stocks to Consider
MasTec currently holds a Zacks Rank #3 (Hold). Some better-ranked
stocks in the sector include
CaesarStone Sdot-Yam Ltd.
Primoris Services Corporation
). While CaesarStone sports a Zacks Rank #1 (Strong Buy), USG and
Primoris have a Zacks Rank #2 (Buy).
CAESAR STONE SD (CSTE): Free Stock Analysis
MASTEC INC (MTZ): Free Stock Analysis Report
PRIMORIS SERVCS (PRIM): Free Stock Analysis
USG CORP (USG): Free Stock Analysis Report
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