Mayville Engineering (MEC) Set to Announce Earnings on Tuesday

Mayville Engineering (NYSE:MEC) will be releasing its earnings data after the market closes on Tuesday, November 5th. Analysts expect Mayville Engineering to post earnings of $0.19 per share for the quarter. Mayville Engineering has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Mayville Engineering (NYSE:MEC) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Mayville Engineering had a net margin of 1.69% and a return on equity of 5.81%. The company had revenue of $163.64 million during the quarter, compared to analyst estimates of $160.38 million. On average, analysts expect Mayville Engineering to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mayville Engineering Stock Up 4.6 %

Shares of NYSE MEC opened at $20.90 on Tuesday. Mayville Engineering has a 52-week low of $9.72 and a 52-week high of $22.07. The company has a quick ratio of 0.97, a current ratio of 1.71 and a debt-to-equity ratio of 0.51. The company’s 50-day simple moving average is $19.84 and its 200-day simple moving average is $17.62. The firm has a market cap of $430.96 million, a price-to-earnings ratio of 49.76 and a beta of 0.95.

Insider Buying and Selling

In other Mayville Engineering news, EVP Ryan F. Raber sold 21,508 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $19.15, for a total value of $411,878.20. Following the completion of the sale, the executive vice president now owns 97,053 shares in the company, valued at approximately $1,858,564.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Northland Securities reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Mayville Engineering in a research note on Tuesday, October 8th.

Mayville Engineering Company Profile

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.