NYSE:MEC - Get Free Report ) is set to announce its earnings results after the market closes on Tuesday, May 7th. Mayville Engineering has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company's conference call can do so using this link .
Get Mayville Engineering alerts:
Sign Up
Mayville Engineering (NYSE:MEC - Get Free Report ) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.05). The business had revenue of $148.58 million during the quarter, compared to the consensus estimate of $157.08 million. Mayville Engineering had a return on equity of 6.58% and a net margin of 1.33%. During the same quarter in the previous year, the firm posted $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 NYSE MEC traded down $0.23 during trading on Tuesday, hitting $13.76. The company's stock had a trading volume of 38,747 shares, compared to its average volume of 50,431. The firm has a 50 day moving average price of $13.33 and a 200 day moving average price of $13.01. The firm has a market cap of $280.15 million, a P/E ratio of 36.74 and a beta of 0.84. The company has a quick ratio of 0.93, a current ratio of 1.88 and a debt-to-equity ratio of 0.64. Mayville Engineering has a 52 week low of $9.55 and a 52 week high of $15.50.
Analyst Upgrades and Downgrades Separately, Citigroup increased their target price on shares of Mayville Engineering from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, April 8th.
Get Our Latest Research Report on MEC
Mayville Engineering Company Profile (
Get Free Report )
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.
See Also
Before you consider Mayville Engineering, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mayville Engineering wasn't on the list.
While Mayville Engineering currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
