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S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
BREAKING: Tiny biotech successfully treats blindness (Ad)
Peloton and Lululemon, Does the Deal Make Sense?
2 Seasonal Stocks to Warm Up Your Portfolio
BREAKING: Tiny biotech successfully treats blindness (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
BREAKING: Tiny biotech successfully treats blindness (Ad)
Peloton and Lululemon, Does the Deal Make Sense?
2 Seasonal Stocks to Warm Up Your Portfolio
BREAKING: Tiny biotech successfully treats blindness (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
BREAKING: Tiny biotech successfully treats blindness (Ad)
Peloton and Lululemon, Does the Deal Make Sense?
2 Seasonal Stocks to Warm Up Your Portfolio
BREAKING: Tiny biotech successfully treats blindness (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
NYSE:MEC

Mayville Engineering (MEC) Stock Forecast, Price & News

$10.83
-0.14 (-1.28%)
(As of 10/2/2023 ET)
Compare
Today's Range
$10.72
$11.05
50-Day Range
$10.53
$12.56
52-Week Range
$5.95
$16.66
Volume
63,072 shs
Average Volume
82,533 shs
Market Capitalization
$220.82 million
P/E Ratio
16.92
Dividend Yield
N/A
Price Target
$17.33

Mayville Engineering MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
60.0% Upside
$17.33 Price Target
Short Interest
Bearish
2.60% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.69mentions of Mayville Engineering in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.88%
From $0.81 to $0.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Construction Sector

68th out of 102 stocks

Metal Forgings & Stampings Industry

4th out of 4 stocks


MEC stock logo

About Mayville Engineering (NYSE:MEC) Stock

Mayville Engineering Company, Inc., together with its subsidiaries, engages in the production, prototyping and tooling, fabrication, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers. The company serves heavy and medium duty commercial vehicle, construction and access equipment, powersports, agriculture, military, and other end markets. Mayville Engineering Company, Inc. was founded in 1945 and is headquartered in Mayville, Wisconsin.

MEC Price History

MEC Stock News Headlines

Mayville Engineering Backs Annual Sales View; Announces 2026 Targets
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
4 Analysts Have This to Say About Mayville Engineering
Warren Buffett: Stark Warning On Inflation
According to a recent letter to Berkshire Hathaway shareholders, “Billionaire Investment Guru Warren Buffett issues stark inflation warning”. The new numbers have shown a comeback for inflation, surging to its highest levels in six months, and it’s now looking like there’s little chance our policy makers can put this cat back in the bag. That’s why it’s critical you heed Warren’s Buffett’s advice and “brace yourself”, before it’s too late. Get your hands on this FREE Wealth Protection Kit today and learn how you could shield your savings and investments before it’s too late!
Citi Reaffirms Their Buy Rating on Mayville Engineering Company (MEC)
Mayville Engineering (MEC) Q2 Earnings Top Estimates
Mayville Engineering (NYSE: MEC)
EF Hutton Remains a Buy on Mayville Engineering Company (MEC)
Mayville Engineering Company (MEC) Gets a Hold from Robert W. Baird
See More Headlines
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MEC Company Calendar

Last Earnings
8/01/2023
Today
10/02/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Metal forgings & stampings
Sub-Industry
N/A
Fax
N/A
Employees
2,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.33
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+60.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$18.73 million
Pretax Margin
2.70%

Debt

Sales & Book Value

Annual Sales
$539.39 million
Cash Flow
$2.36 per share
Book Value
$10.80 per share

Miscellaneous

Free Float
19,190,000
Market Cap
$220.82 million
Optionable
Not Optionable
Beta
0.86
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Key Executives

  • Mr. Jagadeesh A. Reddy (Age 51)
    Pres, CEO & Director
    Comp: $978.9k
  • Mr. Todd M. Butz (Age 51)
    CFO, Sec. & Treasurer
    Comp: $936.21k
  • Mr. Ryan F. Raber (Age 40)
    Exec. VP of Strategy, Sales & Marketing
    Comp: $858.12k
  • Mr. Randall P. Stille (Age 52)
    Chief Operating Officer
  • Mr. Sean P. Leuba (Age 52)
    Sr. VP of Corp. Devel. & Gen. Counsel
  • Ms. Rachele M. Lehr
    Chief HR Officer













MEC Stock - Frequently Asked Questions

Should I buy or sell Mayville Engineering stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mayville Engineering in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MEC shares.
View MEC analyst ratings
or view top-rated stocks.

What is Mayville Engineering's stock price forecast for 2023?

4 brokers have issued 12-month price objectives for Mayville Engineering's stock. Their MEC share price forecasts range from $14.00 to $20.00. On average, they anticipate the company's stock price to reach $17.33 in the next twelve months. This suggests a possible upside of 60.0% from the stock's current price.
View analysts price targets for MEC
or view top-rated stocks among Wall Street analysts.

How have MEC shares performed in 2023?

Mayville Engineering's stock was trading at $12.66 at the start of the year. Since then, MEC stock has decreased by 14.5% and is now trading at $10.83.
View the best growth stocks for 2023 here
.

When is Mayville Engineering's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our MEC earnings forecast
.

How were Mayville Engineering's earnings last quarter?

Mayville Engineering Company, Inc. (NYSE:MEC) issued its earnings results on Tuesday, August, 1st. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. The company had revenue of $138.98 million for the quarter, compared to analysts' expectations of $143.28 million. Mayville Engineering had a trailing twelve-month return on equity of 8.02% and a net margin of 2.41%.

What guidance has Mayville Engineering issued on next quarter's earnings?

Mayville Engineering issued an update on its FY 2023 earnings guidance on Wednesday, September, 20th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $580.00 million-$610.00 million, compared to the consensus revenue estimate of $596.20 million.

What other stocks do shareholders of Mayville Engineering own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mayville Engineering investors own include Energy Transfer (ET), Aurora Cannabis (ACB), Alibaba Group (BABA), Walt Disney (DIS), NVIDIA (NVDA), OPKO Health (OPK), SSR Mining (SSRM), VBI Vaccines (VBIV), AbbVie (ABBV) and Aldeyra Therapeutics (ALDX).

When did Mayville Engineering IPO?

(MEC) raised $126 million in an initial public offering on Thursday, May 9th 2019. The company issued 6,300,000 shares at a price of $19.00-$21.00 per share. Baird, Citigroup and Jefferies acted as the underwriters for the IPO and UBS Investment Bank and William Blair were co-managers.

What is Mayville Engineering's stock symbol?

Mayville Engineering trades on the New York Stock Exchange (NYSE) under the ticker symbol "MEC."

How do I buy shares of Mayville Engineering?

Shares of MEC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Mayville Engineering's stock price today?

One share of MEC stock can currently be purchased for approximately $10.83.

How much money does Mayville Engineering make?

Mayville Engineering (NYSE:MEC) has a market capitalization of $220.82 million and generates $539.39 million in revenue each year. The company earns $18.73 million in net income (profit) each year or $0.64 on an earnings per share basis.

How many employees does Mayville Engineering have?

The company employs 2,300 workers across the globe.

How can I contact Mayville Engineering?

Mayville Engineering's mailing address is 715 SOUTH STREET, MAYVILLE WI, 53050. The official website for the company is www.mecinc.com. The company can be reached via phone at (920) 387-4500 or via email at nelwell@lincolnchurchilladvisors.com.

This page (NYSE:MEC) was last updated on 10/3/2023 by MarketBeat.com Staff

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