Mayville Engineering (MEC) to Release Earnings on Tuesday

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

Mayville Engineering (NYSE:MEC) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). The company had revenue of $148.58 million during the quarter, compared to the consensus estimate of $157.08 million. Mayville Engineering had a net margin of 1.33% and a return on equity of 6.58%. During the same quarter last year, the firm posted $0.22 EPS. 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

Mayville Engineering stock opened at $13.89 on Monday. The firm has a market cap of $282.80 million, a P/E ratio of 36.55 and a beta of 0.84. The stock’s 50 day moving average is $13.49 and its 200 day moving average is $13.05. 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 one year low of $9.55 and a one year high of $15.50.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their price target 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.

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.