Mayville Engineering (MEC) to Release Earnings on Tuesday

Mayville Engineering (NYSE:MEC) is set to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Mayville Engineering (NYSE:MEC) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter. The firm had revenue of $161.27 million for the quarter, compared to analysts’ expectations of $158.60 million. Mayville Engineering had a net margin of 1.40% and a return on equity of 6.01%. 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 Down 2.0 %

MEC stock traded down $0.39 during midday trading on Tuesday, hitting $18.97. The company’s stock had a trading volume of 27,532 shares, compared to its average volume of 77,886. The company has a market cap of $389.45 million, a PE ratio of 46.10 and a beta of 0.94. The company has a current ratio of 1.84, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. Mayville Engineering has a 12 month low of $9.72 and a 12 month high of $19.50. The firm’s 50-day moving average is $16.84 and its 200-day moving average is $14.68.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. William Blair upgraded shares of Mayville Engineering to a “strong-buy” rating in a research note on Wednesday, May 8th. Citigroup increased their price objective on shares of Mayville Engineering from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Northland Securities lifted their target price on shares of Mayville Engineering from $20.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th.

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.