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Stock Market & Financial Investment News

News Breaks
November 21, 2012
05:28 EDTMTZMasTec affiliate awarded second contract to build PacifiCorp transmission line
PacifiCorp announced it has awarded a multi-year engineer, procure and construct contract to build its Sigurd to Red Butte transmission line in south central Utah, a key section of PacifiCorp's Energy Gateway transmission investment to meet the current and projected needs of its electric customers. The contract has been awarded to EC Source, a MasTec affiliate. EC Source will provide engineering, procurement and construction services for this major transmission project. It is the second Energy Gateway segment EC Source has been awarded; the company is currently completing construction of PacifiCorp's 100-mile Mona to Oquirrh line also in Utah.
News For MTZ From The Last 14 Days
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October 31, 2014
08:40 EDTMTZMasTec should be bought on weakness, says Stifel
After MasTec provided slightly lower than expected guidance, Stifel thinks the guidance is conservative and recommends buying the shares on weakness. The firm is encouraged by the company's backlog growth and keeps a $37.50 price target and Buy rating on the shares.
08:08 EDTMTZMasTec reports Q3 adjusted EPS 56c, consensus 55c
Reports Q3 revenue $1.31B, consensus $1.31B.
October 30, 2014
16:54 EDTMTZMasTec sees FY15 adjusted EPS $2.00-$2.15, consensus $2.18
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16:53 EDTMTZMasTec now sees FY14 adjusted EPS $1.55, consensus $1.56
Now sees FY14 revenue $4.6B, consensus $4.5B. CFO George Pita said, "We expect strong cash flow from operations during the fourth quarter, due to the seasonality of our operations and the initiation of working capital reduction initiatives at our recently acquired WesTower subsidiary. As previously indicated, we are evaluating our debt structure after the WesTower acquisition in order to ensure we have ample resources to take advantage of attractive growth opportunities."
October 20, 2014
16:36 EDTMTZMasTec acquires WesTower Communications
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