Mayville Engineering Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mayville Engineering in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Mayville Engineering stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MEC, but not buy additional shares or sell existing shares.
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1 equities research analysts have issued 12-month target prices for Mayville Engineering's stock. Their MEC stock forecasts range from $13.00 to $13.00. On average, they expect Mayville Engineering's share price to reach $13.00 in the next year. This suggests a possible upside of 63.9% from the stock's current price.
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Mayville Engineering's stock was trading at $14.91 on January 1st, 2022. Since then, MEC stock has decreased by 46.8% and is now trading at $7.93.
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Mayville Engineering is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
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Mayville Engineering Company, Inc. (NYSE:MEC) posted its earnings results on Tuesday, May, 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $136.25 million for the quarter, compared to analyst estimates of $122.32 million. Mayville Engineering had a positive trailing twelve-month return on equity of 3.19% and a negative net margin of 1.29%. During the same quarter last year, the business earned $0.12 EPS.
View Mayville Engineering's earnings history.

Mayville Engineering issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $480.00 million-$530.00 million, compared to the consensus revenue estimate of $510.14 million.

Some companies that are related to Mayville Engineering include Materion (MTRN), TriMas (TRS), Park-Ohio (PKOH), Omni-Lite Industries Canada (OLNCF), Shiloh Industries (SHLOQ) and Stamford Industrial Group (SIDGQ).
View all of MEC's competitors.

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).

(MEC) raised $126 million in an IPO on Thursday, May 9th 2019. The company issued 6,300,000 shares at $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.

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

Shares of MEC 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.
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One share of MEC stock can currently be purchased for approximately $7.93.

Mayville Engineering (NYSE:MEC) has a market capitalization of $162.83 million and generates $454.83 million in revenue each year. The company earns $-7.45 million in net income (profit) each year or ($0.29) on an earnings per share basis.

Mayville Engineering employs 2,200 workers across the globe.

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