NYSE:MEC - Mayville Engineering Stock Price, Forecast & News

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

Mayville Engineering Company, Inc. (NYSE:MEC) posted its earnings results on Tuesday, October, 29th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.32 by $0.17. The business had revenue of $128.51 million for the quarter, compared to analysts' expectations of $140.10 million. Mayville Engineering had a negative net margin of 0.51% and a positive return on equity of 13.70%. View Mayville Engineering's Earnings History.

Mayville Engineering is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Mayville Engineering.

Mayville Engineering will be holding an earnings conference call on Wednesday, February 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Mayville Engineering issued an update on its FY 2020 Pre-Market earnings guidance on Wednesday, January, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $425-465 million, compared to the consensus revenue estimate of $495.42 million.

5 equities research analysts have issued twelve-month price targets for Mayville Engineering's shares. Their forecasts range from $17.00 to $19.00. On average, they expect Mayville Engineering's stock price to reach $18.00 in the next twelve months. This suggests a possible upside of 125.0% from the stock's current price. View Analyst Price Targets for Mayville Engineering.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mayville Engineering in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mayville Engineering.

News stories about MEC stock have trended neutral on Tuesday, InfoTrie Sentiment reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Mayville Engineering earned a news sentiment score of 0.0 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Mayville Engineering.

Mayville Engineering saw a decline in short interest in January. As of January 31st, there was short interest totalling 23,000 shares, a decline of 27.9% from the January 15th total of 31,900 shares. Based on an average trading volume of 64,900 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold. View Mayville Engineering's Current Options Chain.

Some companies that are related to Mayville Engineering include TriMas (TRS), Materion (MTRN), Park-Ohio (PKOH), Shiloh Industries (SHLO) and Omni-Lite Industries Canada (OLNCF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mayville Engineering investors own include Opko Health (OPK), Alibaba Group (BABA), Walt Disney (DIS), Exxon Mobil (XOM), Aptinyx (APTX), Marchex (MCHX), NVIDIA (NVDA), Onconova Therapeutics (ONTX), Unity Biotechnology (UBX) and vTv Therapeutics (VTVT).

(MEC) raised $126 million in an IPO 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.

Mayville Engineering's stock is owned by many different of retail and institutional investors. Top institutional investors include Jennison Associates LLC (3.79%), Royce & Associates LP (2.46%), State Street Corp (0.48%), Tocqueville Asset Management L.P. (0.48%), Geode Capital Management LLC (0.45%) and Advisor Group Inc. (0.37%). Company insiders that own Mayville Engineering stock include Clifford O Sanderson, Jay O Rothman, Robert D Kamphuis, Ryan F Raber, Slater Chad, Steven L Fisher, Timothy L Christen and Todd M Butz. View Institutional Ownership Trends for Mayville Engineering.

MEC stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP. View Insider Buying and Selling for Mayville Engineering.

MEC stock was acquired by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Tocqueville Asset Management L.P., Advisor Group Inc., Strs Ohio, Bank of New York Mellon Corp, State Street Corp, Alambic Investment Management L.P. and Marshall Wace LLP. Company insiders that have bought Mayville Engineering stock in the last two years include Clifford O Sanderson, Jay O Rothman, Robert D Kamphuis, Ryan F Raber, Slater Chad, Steven L Fisher, Timothy L Christen and Todd M Butz. View Insider Buying and Selling for Mayville Engineering.

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

One share of MEC stock can currently be purchased for approximately $8.00.

Mayville Engineering has a market capitalization of $157.92 million and generates $354.53 million in revenue each year. Mayville Engineering employs 3,100 workers across the globe.View Additional Information About Mayville Engineering.

The official website for Mayville Engineering is http://www.mecinc.com/.

Mayville Engineering's mailing address is 715 SOUTH STREET, MAYVILLE WI, 53050. The company can be reached via phone at 920-387-4500 or via email at [email protected]