Mayville Engineering (MEC) Scheduled to Post Earnings on Tuesday

Mayville Engineering (NYSE:MEC) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Mayville Engineering has set its FY 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Mayville Engineering (NYSE:MEC) last issued its earnings results on Wednesday, March 6th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.05). Mayville Engineering had a return on equity of 6.58% and a net margin of 1.33%. The firm had revenue of $148.58 million during the quarter, compared to analyst estimates of $157.08 million. During the same period in the previous year, the company earned $0.22 earnings per share. 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 Performance

Shares of MEC stock opened at $13.89 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.88 and a quick ratio of 0.93. Mayville Engineering has a fifty-two week low of $9.55 and a fifty-two week high of $15.50. The stock’s 50-day moving average is $13.49 and its two-hundred day moving average is $13.05. The firm has a market cap of $282.87 million, a P/E ratio of 36.55 and a beta of 0.84.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their target price on Mayville Engineering from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 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.