Q2 Earnings Estimate for MEC Issued By Northland Securities

Key Points

• Northland Securities raised its Q2 2026 EPS estimate for Mayville Engineering to a loss of $0.04 per share from a prior loss estimate of $0.08, signaling a slightly improved near-term outlook.
• The firm also lifted longer-term forecasts, including FY2027 EPS to $0.88 and FY2028 EPS to $1.07, suggesting analysts see stronger profitability ahead even though the company is still expected to post a loss this fiscal year.
• Mayville Engineering recently beat Q1 earnings and revenue expectations, and analysts remain generally constructive overall with a Moderate Buy consensus rating and an average target price of $29.75.

Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) - Equities researchers at Northland Securities boosted their Q2 2026 EPS estimates for shares of Mayville Engineering in a report issued on Monday, June 1st. Northland Securities analyst T. Jackson now expects that the company will earn ($0.04) per share for the quarter, up from their prior estimate of ($0.08). The consensus estimate for Mayville Engineering's current full-year earnings is ($0.23) per share. Northland Securities also issued estimates for Mayville Engineering's Q3 2026 earnings at $0.18 EPS, FY2026 earnings at ($0.04) EPS, FY2029 earnings at $1.21 EPS and FY2030 earnings at $1.18 EPS.

Mayville Engineering (NYSE:MEC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.13. The business had revenue of $144.78 million during the quarter, compared to the consensus estimate of $139.18 million. Mayville Engineering had a negative net margin of 2.93% and a negative return on equity of 5.77%.

Several other analysts also recently weighed in on MEC. Zacks Research upgraded Mayville Engineering from a "strong sell" rating to a "hold" rating in a research note on Friday, March 6th. Citigroup lifted their target price on Mayville Engineering from $25.00 to $33.00 and gave the stock a "buy" rating in a report on Friday, May 8th. DA Davidson upped their target price on Mayville Engineering from $23.00 to $32.00 and gave the company a "buy" rating in a research report on Monday, May 11th. Finally, Weiss Ratings downgraded shares of Mayville Engineering from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Mayville Engineering has an average rating of "Moderate Buy" and an average target price of $29.75.

Mayville Engineering Price Performance

NYSE MEC opened at $32.31 on Wednesday. The company has a market cap of $662.09 million, a price-to-earnings ratio of -40.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.64 and a quick ratio of 0.91. The stock's fifty day moving average price is $22.06 and its 200 day moving average price is $19.86. Mayville Engineering has a 1 year low of $12.10 and a 1 year high of $32.50.

Institutional Trading of Mayville Engineering

Institutional investors have recently modified their holdings of the stock. 22NW LP lifted its stake in Mayville Engineering by 157.2% in the 3rd quarter. 22NW LP now owns 399,890 shares of the company's stock valued at $5,502,000 after buying an additional 244,440 shares in the last quarter. Roubaix Capital LLC increased its stake in Mayville Engineering by 110.3% during the 3rd quarter. Roubaix Capital LLC now owns 212,688 shares of the company's stock worth $2,927,000 after buying an additional 111,550 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Mayville Engineering by 10.2% during the fourth quarter. Royce & Associates LP now owns 624,307 shares of the company's stock valued at $11,687,000 after acquiring an additional 57,590 shares during the last quarter. UBS Group AG raised its holdings in shares of Mayville Engineering by 38.6% during the fourth quarter. UBS Group AG now owns 146,552 shares of the company's stock valued at $2,743,000 after acquiring an additional 40,798 shares during the last quarter. Finally, CenterBook Partners LP lifted its position in shares of Mayville Engineering by 86.8% in the third quarter. CenterBook Partners LP now owns 177,659 shares of the company's stock valued at $2,445,000 after acquiring an additional 82,573 shares in the last quarter. Institutional investors and hedge funds own 45.44% of the company's stock.

Insider Activity

In related news, SVP Craig D. Nichols sold 4,000 shares of the company's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $23.24, for a total value of $92,960.00. Following the completion of the transaction, the senior vice president owned 146 shares of the company's stock, valued at approximately $3,393.04. This represents a 96.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ryan F. Raber sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $26.00, for a total value of $520,000.00. Following the transaction, the executive vice president directly owned 86,970 shares of the company's stock, valued at approximately $2,261,220. The trade was a 18.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 72,936 shares of company stock valued at $1,892,555 in the last quarter. Company insiders own 5.60% of the company's stock.

Key Headlines Impacting Mayville Engineering

Here are the key news stories impacting Mayville Engineering this week:

• Positive Sentiment: Northland Securities raised multiple earnings estimates for Mayville Engineering NYSE: MEC, including FY2027 to $0.88 from $0.83 and FY2028 to $1.07 from $1.06, which suggests analysts see a stronger profit outlook ahead.
• Positive Sentiment: The company was named the number one fabricator for the sixteenth consecutive year, reinforcing its brand strength and competitive position in the industrial manufacturing space. Mayville Engineering Company Named Number One Fabricator for Sixteenth Consecutive Year
• Neutral Sentiment: Northland also nudged higher near-term quarterly EPS estimates, indicating gradual earnings improvement, although the company is still expected to post a loss for the current fiscal year.
• Neutral Sentiment: CEO Jagadeesh A. Reddy sold 17,942 shares at $30 each, reducing his stake by about 11.3%. Insider selling can create caution among investors, though it does not necessarily signal weaker fundamentals. SEC Form 4
• Neutral Sentiment: A separate look-back on Q1 results highlighted MEC’s earnings beat versus expectations, but it did not add a major new catalyst.

About Mayville Engineering

Mayville Engineering Company, Inc NYSE: MEC is a U.S.-based industrial manufacturer specializing in engineered metal castings and precision machining services. Headquartered in Mayville, Wisconsin, the company leverages over a century of casting experience to design, produce and finish complex metal components for a broad range of heavy-duty applications.

The company operates two principal business segments: iron castings and steel castings. Its iron segment utilizes green sand and lost-foam molding processes to produce gray and ductile iron components, while the steel segment employs electric-arc furnace technology to manufacture high-strength steel castings.

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