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MasTec (MTZ) Stock Still a "Buy," Says TheStreet Team

NEW YORK (TheStreet) -- MasTec (MTZ - Get Report) stock has been reiterated as a "buy" with a ratings score of B-, TheStreet Ratings team said Wednesday. 

By early afternoon, shares had tumbled 4.7% to $28.44. Trading volume of 2.7 million had exceeded its three-month daily average. 

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TheStreet Ratings Team has this to say about their recommendation:

"We rate MASTEC INC (MTZ) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The revenue growth came in higher than the industry average of 12.9%. Since the same quarter one year prior, revenues slightly increased by 4.9%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • MASTEC INC's earnings per share declined by 17.4% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, MASTEC INC increased its bottom line by earning $1.74 versus $1.43 in the prior year. This year, the market expects an improvement in earnings ($1.97 versus $1.74).
  • MTZ's debt-to-equity ratio of 0.87 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 1.47 is sturdy.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Construction & Engineering industry and the overall market on the basis of return on equity, MASTEC INC has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
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