Q3 Earnings Estimate for MEC Issued By Northland Securities

Key Points

• Northland Securities cut its Q3 2026 EPS estimate for Mayville Engineering to $0.03 from $0.18. It also forecasts a FY2026 loss of $0.29 per share, followed by projected FY2027 earnings of $0.79 per share.
• Mayville Engineering exceeded expectations in its latest quarter, reporting $0.07 EPS versus consensus of a $0.05 loss and revenue of $162.98 million versus the $150.59 million estimate.
• Analyst sentiment remains broadly positive, with four Buy ratings, one Hold and one Sell, producing a “Moderate Buy” consensus and an average price target of $35.75; however, insiders sold 71,785 shares worth about $2.07 million during the last quarter.

Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) - Research analysts at Northland Securities reduced their Q3 2026 earnings estimates for Mayville Engineering in a research note issued to investors on Thursday, August 6th. Northland Securities analyst T. Jackson now forecasts that the company will post earnings per share of $0.03 for the quarter, down from their prior forecast of $0.18. The consensus estimate for Mayville Engineering's current full-year earnings is ($0.08) per share. Northland Securities also issued estimates for Mayville Engineering's Q4 2026 earnings at $0.02 EPS, FY2026 earnings at ($0.29) EPS, Q1 2027 earnings at $0.12 EPS, Q2 2027 earnings at $0.18 EPS, FY2027 earnings at $0.79 EPS, FY2029 earnings at $1.31 EPS and FY2030 earnings at $1.52 EPS.

Other equities research analysts have also recently issued research reports about the stock. DA Davidson increased their price target on shares of Mayville Engineering from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Citigroup upped their price target on Mayville Engineering from $33.00 to $43.00 and gave the company a "buy" rating in a research report on Monday, July 13th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Mayville Engineering in a research note on Friday, July 10th. Four 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.75.

Mayville Engineering Stock Performance

Mayville Engineering stock opened at $23.47 on Thursday. The company has a market capitalization of $598.49 million, a PE ratio of -27.94 and a beta of 1.27. The firm has a fifty day simple moving average of $31.58 and a two-hundred day simple moving average of $24.95. The company has a quick ratio of 0.96, a current ratio of 1.70 and a debt-to-equity ratio of 0.39. Mayville Engineering has a twelve month low of $12.25 and a twelve month high of $38.76.

Mayville Engineering (NYSE:MEC - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.12. The business had revenue of $162.98 million during the quarter, compared to analysts' expectations of $150.59 million. Mayville Engineering had a negative net margin of 2.95% and a negative return on equity of 6.63%.

Insider Buying and Selling at Mayville Engineering

In other news, SVP Craig D. Nichols sold 4,000 shares of the company's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $23.24, for a total value of $92,960.00. Following the sale, the senior vice president directly owned 146 shares of the company's stock, valued at $3,393.04. This represents a 96.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sean P. Leuba sold 12,855 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $25.44, for a total transaction of $327,031.20. Following the sale, the senior vice president directly owned 6,633 shares in the company, valued at $168,743.52. The trade was a 65.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 71,785 shares of company stock worth $2,073,629. Corporate insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On Mayville Engineering

A number of institutional investors have recently modified their holdings of MEC. BlackRock Inc. bought a new position in Mayville Engineering in the 2nd quarter worth about $44,332,000. Dimensional Fund Advisors LP increased its stake in Mayville Engineering by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 926,216 shares of the company's stock valued at $16,625,000 after purchasing an additional 49,041 shares in the last quarter. Royce & Associates LP increased its stake in Mayville Engineering by 10.2% during the 4th quarter. Royce & Associates LP now owns 624,307 shares of the company's stock valued at $11,687,000 after purchasing an additional 57,590 shares in the last quarter. EVR Research LP purchased a new position in Mayville Engineering in the fourth quarter worth about $11,326,000. Finally, Blair William & Co. IL raised its holdings in Mayville Engineering by 54.8% in the fourth quarter. Blair William & Co. IL now owns 583,759 shares of the company's stock worth $10,928,000 after buying an additional 206,549 shares during the last quarter. 45.44% of the stock is owned by hedge funds and other institutional investors.

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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