Mayville Engineering Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mayville Engineering in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Mayville Engineering stock.
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Mayville Engineering saw a increase in short interest in June. As of June 30th, there was short interest totaling 159,700 shares, an increase of 41.5% from the June 15th total of 112,900 shares. Based on an average daily trading volume, of 59,400 shares, the short-interest ratio is presently 2.7 days. Currently, 0.9% of the company's stock are short sold.
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Mayville Engineering is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Mayville Engineering.

Mayville Engineering will be holding an earnings conference call on Wednesday, August 4th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "10158541".

Mayville Engineering Company, Inc. (NYSE:MEC) announced its quarterly earnings results on Tuesday, May, 4th. The company reported $0.12 EPS for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.04. The firm earned $112.62 million during the quarter, compared to analyst estimates of $107.21 million. Mayville Engineering had a negative trailing twelve-month return on equity of 2.28% and a negative net margin of 1.27%.
View Mayville Engineering's earnings history.

Mayville Engineering's stock was trading at $5.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MEC shares have increased by 217.1% and is now trading at $17.98.
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Mayville Engineering issued an update on its FY 2021 earnings guidance on Tuesday, May, 25th. The company provided earnings per share (EPS) guidance of - for the period. The company issued revenue guidance of $450 million-$470 million, compared to the consensus revenue estimate of $451.40 million.

3 Wall Street analysts have issued 12 month price targets for Mayville Engineering's shares. Their forecasts range from $10.00 to $20.00. On average, they expect Mayville Engineering's share price to reach $14.33 in the next twelve months. This suggests that the stock has a possible downside of 20.3%.
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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), The 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 initial public offering (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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "MEC."

Mayville Engineering's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Gradient Investments LLC (0.08%). Company insiders that own Mayville Engineering stock include Craig E Johnson, Eric J Welak, Jay O Rothman, Peter John A St, 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 Gradient Investments LLC.
View insider buying and selling activity for Mayville Engineering or view top insider-selling stocks.

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 $17.98.

Mayville Engineering has a market capitalization of $366.67 million and generates $357.61 million in revenue each year. The company earns $-7,090,000.00 in net income (profit) each year or ($0.36) on an earnings per share basis.

Mayville Engineering employs 2,150 workers across the globe.

The official website for Mayville Engineering is www.mecinc.com.

Mayville Engineering is headquartered at 715 SOUTH STREET, MAYVILLE WI, 53050.

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]