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Stock Market & Financial Investment News

News Breaks
June 30, 2014
08:31 EDTMTZMasTec expands acquires Paper Construction
MasTec announced that it has acquired Pacer Construction Holdings Corporation and its affiliated operating companies. Pacer is a contractor in Western Canada, focusing on infrastructure construction supporting the oil and gas production/processing, mining and transportation industries. Pacer is headquartered in Calgary, Alberta, Canada and also has a strong presence in, among other locations, Fort McMurray, Fort McKay and Edmonton, Alberta and Regina, Saskatchewan. MasTec acquired all of the issued and outstanding equity interests of Pacer for approximately $126M in cash plus a 5-year contingent earn-out. At closing, Pacer had approximately $54M in tangible net worth. MasTec also amended its senior secured credit facility, increasing the aggregate borrowing commitments from $750 million to $1 billion, adding the capability to borrow in Mexican Pesos and increasing the amount that can be borrowed in these alternative currencies from $100 million to $200 million.
News For MTZ From The Last 14 Days
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August 25, 2015
09:59 EDTMTZOn The Fly: Analyst Initiation Summary
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August 24, 2015
16:11 EDTMTZMasTec initiated with a Neutral at Baird
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August 17, 2015
19:00 EDTMTZOn The Fly: After Hours Movers
UP AFTER EARNINGS: Fabrinet (FN), up 5.1%. ALSO HIGHER: Esperion Therapeutics (ESPR), up 10.6% after announcing that it is on track to initiate ETC-1002 Phase 3 program by the end of 2015... Seattle Genetics (SGEN), up 3.3% after announcing FDA approval of Adcetris for HL treatment. DOWN AFTER EARNINGS: MasTec (MTZ), down 7.4%... Urban Outfitters (URBN), down 2.3%. ALSO LOWER: Sunedison (SUNE), down 1% after announcing a $500M perpetual convertible preferred stock offering.
16:41 EDTMTZMasTec cuts FY15 adjusted EPS to 73c-83c from $1.45, consensus $1.14
Cuts FY15 revenue to $4.2B-$4.3B from $4.4B, consensus $4.41B.
16:38 EDTMTZMasTec sees Q3 adjusted EPS 31c-37c, consensus 48c
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16:37 EDTMTZMasTec reports Q2 adjusted EPS 10c, consensus 15c
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14:48 EDTMTZNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Agilent (A), consensus 41c... Urban Outfitters (URBN), consensus 49c... MasTec (MTZ), consensus 15c... Fabrinet (FN), consensus 39c.

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