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June 2, 2014
09:00 EDTMTZMasTec falls 14.2%
MasTec is down 14.2%, or $5.13, to $30.87
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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