What is Northland Securities' Forecast for MEC Q4 Earnings?

Key Points

• Northland Securities raised its Q4 2026 EPS forecast for Mayville Engineering to $0.13 per share from $0.10, also projecting continued improvement into FY2027 and FY2028.
• Mayville Engineering beat expectations in its latest quarter, reporting a loss of $0.15 per share versus the expected loss of $0.28, while revenue of $144.78 million topped estimates.
• Analyst sentiment remains mixed but constructive: the stock has a consensus rating of “Moderate Buy” with an average price target of $29.75, though insiders have recently sold shares.

Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) - Investment analysts at Northland Securities upped their Q4 2026 EPS estimates for shares of Mayville Engineering in a note issued to investors on Monday, June 1st. Northland Securities analyst T. Jackson now expects that the company will post earnings of $0.13 per share for the quarter, up from their previous estimate of $0.10. 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 Q1 2027 earnings at $0.18 EPS, Q2 2027 earnings at $0.20 EPS, Q3 2027 earnings at $0.25 EPS, FY2027 earnings at $0.88 EPS and FY2028 earnings at $1.07 EPS.

Mayville Engineering (NYSE:MEC - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported ($0.15) earnings per share for the quarter, topping analysts' consensus estimates of ($0.28) by $0.13. The firm had revenue of $144.78 million during the quarter, compared to analyst estimates of $139.18 million. Mayville Engineering had a negative net margin of 2.93% and a negative return on equity of 5.77%.

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

Mayville Engineering Stock Up 14.7%

Mayville Engineering stock opened at $30.80 on Tuesday. The firm has a market cap of $631.26 million, a price-to-earnings ratio of -38.50 and a beta of 1.24. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.64 and a quick ratio of 0.91. Mayville Engineering has a fifty-two week low of $12.10 and a fifty-two week high of $31.00. The firm has a fifty day moving average price of $22.06 and a two-hundred day moving average price of $19.86.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MEC. 22NW LP grew its stake in Mayville Engineering by 157.2% during the third quarter. 22NW LP now owns 399,890 shares of the company's stock worth $5,502,000 after buying an additional 244,440 shares during the last quarter. Roubaix Capital LLC grew its stake in Mayville Engineering by 110.3% during the third 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 during the last quarter. Royce & Associates LP grew its stake in Mayville Engineering by 10.2% during the fourth quarter. Royce & Associates LP now owns 624,307 shares of the company's stock worth $11,687,000 after buying an additional 57,590 shares during the last quarter. UBS Group AG grew its stake in Mayville Engineering by 38.6% during the fourth quarter. UBS Group AG now owns 146,552 shares of the company's stock worth $2,743,000 after buying an additional 40,798 shares during the last quarter. Finally, CenterBook Partners LP grew its stake in Mayville Engineering by 86.8% during the third quarter. CenterBook Partners LP now owns 177,659 shares of the company's stock worth $2,445,000 after buying an additional 82,573 shares during the last quarter. Institutional investors and hedge funds own 45.44% of the company's stock.

Insider Buying and Selling at Mayville Engineering

In related news, EVP Ryan F. Raber sold 20,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $26.00, for a total value of $520,000.00. Following the completion of the transaction, the executive vice president owned 86,970 shares of the company's stock, valued at $2,261,220. This represents a 18.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jagadeesh A. Reddy sold 21,796 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $25.93, for a total transaction of $565,170.28. Following the completion of the transaction, the chief executive officer directly owned 158,387 shares of the company's stock, valued at $4,106,974.91. This trade represents a 12.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 54,994 shares of company stock worth $1,354,295. 5.60% of the stock is currently owned by company insiders.

Mayville Engineering Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.