MasTec Announces Fourth Quarter and Annual 2018 Financial Results and Issues Record 2019 Guidance
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MasTec (MTZ) PT Lowered to $61 at B.Riley/FBR
March 4, 2019 1:14 PM ESTB.Riley/FBR analyst Alex Rygiel lowered the price target on MasTec (NYSE: MTZ) to $61.00 (from $71.00) while maintaining a Buy rating.
... MoreMasTec (MTZ) Tops Q4 EPS by 1c, Revenues Miss; Offers Q1 EPS Guidance Below Consensus, FY19 EPS Guidance Above Consensus
February 28, 2019 4:41 PM ESTMasTec (NYSE: MTZ) reported Q4 EPS of $1.07, $0.01 better than the analyst estimate of $1.06. Revenue for the quarter came in at $1.917 billion versus the consensus estimate of $1.92 billion.
Fourth quarter 2018 revenue was $1.92 billion, compared with $1.60 billion for the same period last year. GAAP net income was $31.8 million, or $0.41 per diluted share, compared to $160.7 million, or $1.95 per diluted share, in the fourth quarter of 2017. Fourth quarter 2017 GAAP results include an after-tax benefit of $1.46 per diluted share related to the impact of initial re-measurement of the Company's U.S. deferred income tax... More