Mayville Engineering (MEC) to Release 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.Parties that are interested in participating in 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Mayville Engineering had a return on equity of 5.81% and a net margin of 1.69%. The company had revenue of $163.64 million for 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 5.0 %

Shares of NYSE:MEC opened at $21.49 on Monday. The stock’s 50-day moving average price is $19.98 and its two-hundred day moving average price is $17.83. The company has a current ratio of 1.71, a quick ratio of 0.97 and a debt-to-equity ratio of 0.51. Mayville Engineering has a 12-month low of $10.75 and a 12-month high of $23.02. The firm has a market cap of $443.12 million, a price-to-earnings ratio of 41.33 and a beta of 0.97.

Wall Street Analysts Forecast Growth

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

Insider Activity at Mayville Engineering

In other Mayville Engineering news, EVP Ryan F. Raber sold 21,508 shares of the stock in a transaction that occurred 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 $1,858,564.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.40% of the company’s stock.

About Mayville Engineering

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.