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Mayville Engineering (MEC) Set to Announce Quarterly Earnings on Tuesday

Mayville Engineering logo with Construction background

Mayville Engineering (NYSE:MEC - Get Free Report) is scheduled to 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.Investors that wish to register for the company's conference call can do so using this link.

Mayville Engineering (NYSE:MEC - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The business had revenue of $163.64 million during the quarter, compared to the consensus estimate of $160.38 million. Mayville Engineering had a return on equity of 5.81% and a net margin of 1.69%. 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 Trading Down 0.4 %

Shares of Mayville Engineering stock traded down $0.09 on Tuesday, reaching $20.81. 32,297 shares of the company's stock were exchanged, compared to its average volume of 86,187. The company has a market capitalization of $429.10 million, a P/E ratio of 49.76 and a beta of 0.95. Mayville Engineering has a 52 week low of $9.72 and a 52 week high of $22.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.97 and a current ratio of 1.71. The firm's 50-day moving average is $19.84 and its two-hundred day moving average is $17.62.

Insider Activity

In related news, EVP Ryan F. Raber sold 21,508 shares of Mayville Engineering stock in a transaction on 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 of the company's stock, valued at approximately $1,858,564.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.40% of the company's stock.

Analyst Ratings Changes

Separately, Northland Securities restated an "outperform" rating and issued a $30.00 price target on shares of Mayville Engineering in a report on Tuesday, October 8th.

View Our Latest Research Report on MEC

Mayville Engineering Company Profile

(Get Free Report)

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.

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Earnings History for Mayville Engineering (NYSE:MEC)

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