) hit a new 52-week high of $43.49 on March 24, up from its
previous high of $43.45 on March 7.
MASTEC INC (MTZ): Free Stock Analysis Report
GIBRALTAR INDUS (ROCK): Free Stock Analysis
USG CORP (USG): Free Stock Analysis Report
WOLSELEY -ADR (WOSYY): Get Free Report
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The stock closed at $43.25 at the end of trading yesterday, with
a solid one-year return of about 47.9% and year-to-date return of
about 32%, outperforming the S&P 500. The average volume of
shares traded over the last three months was roughly 782K.
The Coral Gables, FL-based infrastructure construction company
has a market cap of $3.3 billion and long-term expected earnings
growth of 8%. The company has outperformed the Zacks Consensus
Estimate in three out of the four trailing quarters with an
average surprise of 6.33%.
Shares of MasTec have been rising, following its fourth-quarter
2013 results on Feb 27. The company reported a 13% year-over-year
increase in its adjusted earnings to 53 cents per share. The
reported figure beat the Zacks Consensus Estimate of 48 cents per
share as well.
MasTec's net sales increased 24% year on year to $1.16 billion in
the quarter, surpassing the Zacks Consensus Estimate of $1086
million. Strong revenue growth across most segments drove the
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 in
the range of $2.27-$2.30 per share.
The company recorded backlog of $4.1 billion at the end of 2013,
a 23% increase from last year. During the fourth quarter, MasTec
signed a three-year contract to provide 212 dedicated tower crews
throughout the east coast. The company began providing crews late
in the fourth quarter and expects to ramp up the activity
Historically, the company has achieved strong returns from
acquisitions, which have aided growth. Notably, the acquisition
of Calgary-based Big Country Energy Services in 2013 helped
MasTec to expand in Canada's dynamic energy sector.
Moreover, the company is witnessing strong momentum at its end
markets. MasTec will benefit from growth opportunities, which
will help it to improve both revenues and margins in the
wireless, oil and gas pipeline, electrical transmission, fiber
deployment and renewable power markets.
MasTec currently holds a Zacks Rank #2 (Buy).
Other Stocks to Consider
Investors interested in the same sector include
Gibraltar Industries, Inc.
). While Gibraltar sports a Zacks Rank #1 (Strong Buy), USG
Corporation and Wolseley have a Zacks Rank #2 (Buy).