Research Analysts Set Expectations for MEC FY2025 Earnings

Mayville Engineering Company, Inc. (NYSE:MEC) – Investment analysts at William Blair lowered their FY2025 EPS estimates for shares of Mayville Engineering in a research note issued on Wednesday, November 6th. William Blair analyst R. Sparenblek now forecasts that the company will earn $1.26 per share for the year, down from their prior forecast of $1.28. The consensus estimate for Mayville Engineering’s current full-year earnings is $0.68 per share.

Mayville Engineering (NYSE:MEC) last released its earnings results on Tuesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). Mayville Engineering had a net margin of 2.01% and a return on equity of 5.20%. The company had revenue of $135.39 million during the quarter, compared to the consensus estimate of $157.22 million. During the same quarter in the previous year, the business posted $0.21 EPS.

Several other brokerages have also recently commented on MEC. Northland Securities cut Mayville Engineering from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $30.00 to $20.00 in a research report on Thursday, November 7th. Northland Capmk downgraded shares of Mayville Engineering from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th.

Mayville Engineering Price Performance

Shares of MEC stock opened at $17.26 on Monday. The company has a market capitalization of $356.25 million, a P/E ratio of 29.25 and a beta of 0.97. The company has a current ratio of 1.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. Mayville Engineering has a 12 month low of $11.07 and a 12 month high of $23.02. The stock has a 50 day moving average of $19.87 and a two-hundred day moving average of $18.03.

Institutional Investors Weigh In On Mayville Engineering

A number of large investors have recently bought and sold shares of the business. US Bancorp DE acquired a new position in Mayville Engineering in the third quarter worth $60,000. Lazard Asset Management LLC acquired a new position in Mayville Engineering during the 1st quarter worth about $73,000. BNP Paribas Financial Markets grew its holdings in Mayville Engineering by 49.6% during the 1st quarter. BNP Paribas Financial Markets now owns 5,426 shares of the company’s stock worth $78,000 after acquiring an additional 1,799 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Mayville Engineering during the 1st quarter worth about $147,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Mayville Engineering in the 2nd quarter valued at about $189,000. 45.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Mayville Engineering news, EVP Ryan F. Raber sold 21,508 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $19.15, for a total value of $411,878.20. Following the sale, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Ryan F. Raber sold 21,508 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $19.15, for a total value of $411,878.20. Following the sale, the executive vice president now owns 97,053 shares of the company’s stock, valued at approximately $1,858,564.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jagadeesh A. Reddy bought 5,903 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average price of $16.72 per share, with a total value of $98,698.16. Following the transaction, the chief executive officer now directly owns 89,052 shares in the company, valued at $1,488,949.44. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.40% of the stock is owned by corporate 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.