Mayville Engineering (MEC) Scheduled to Post Quarterly Earnings on Tuesday

Mayville Engineering (NYSE:MEC) is scheduled to announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Mayville Engineering has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Mayville Engineering (NYSE:MEC) last released 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. The company had revenue of $163.64 million for the quarter, compared to analyst estimates 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 Price Performance

MEC stock opened at $21.49 on Monday. The business has a 50 day simple moving average of $19.98 and a 200-day simple moving average of $17.83. The company has a market capitalization of $443.12 million, a P/E ratio of 41.33 and a beta of 0.97. Mayville Engineering has a twelve month low of $10.75 and a twelve month high of $23.02. The company has a current ratio of 1.71, a quick ratio of 0.97 and a debt-to-equity ratio of 0.51.

Wall Street Analysts Forecast Growth

Separately, Northland Securities reissued an “outperform” rating and set a $30.00 price objective on shares of Mayville Engineering in a research report on Tuesday, October 8th.

Insiders Place Their Bets

In other news, EVP Ryan F. Raber sold 21,508 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $19.15, for a total transaction of $411,878.20. Following the completion of the sale, the executive vice president now owns 97,053 shares in the company, valued at $1,858,564.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.40% of the stock is owned by insiders.

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.