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NYSE:MECMayville Engineering Stock Price, Forecast & News

$5.70
+0.23 (+4.20 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$5.26
Now: $5.70
$5.75
50-Day Range
$4.70
MA: $5.56
$6.13
52-Week Range
$3.89
Now: $5.70
$16.95
Volume24,327 shs
Average Volume44,371 shs
Market Capitalization$113.01 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Mayville Engineering Company, Inc. operates as a contract manufacturer that serves the heavy and medium duty commercial vehicle, construction, powersports, agriculture, military, and other end markets in the United States. The company provides a range of prototyping and tooling, production fabrication, coating, assembly and aftermarket components. It also supplies engineered components to original equipment manufacturers; and manufactures stamped and fabricated metal products. The company was founded in 1945 and is headquartered in Mayville, Wisconsin.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.0Dividend Strength: 0.0Insider Behavior: 3.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.93 out of 5 stars


Industry, Sector and Symbol

Industry Metal forgings & stampings
Sub-IndustryN/A
SectorConstruction
CUSIPN/A
CIKN/A
Phone920-387-4500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$519.70 million
Cash Flow$2.65 per share
Book Value$10.18 per share

Profitability

Net Income$-4,750,000.00

Miscellaneous

Employees2,600
Market Cap$113.01 million
Next Earnings Date8/4/2020 (Estimated)
OptionableNot Optionable

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Mayville Engineering (NYSE:MEC) Frequently Asked Questions

How has Mayville Engineering's stock been impacted by COVID-19 (Coronavirus)?

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 0.5% and is now trading at $5.70. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Mayville Engineering's next earnings date?

Mayville Engineering is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Mayville Engineering.

How were Mayville Engineering's earnings last quarter?

Mayville Engineering Company, Inc. (NYSE:MEC) posted its quarterly earnings data on Tuesday, May, 5th. The company reported $0.00 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.05. The company had revenue of $108.61 million for the quarter, compared to analyst estimates of $101.51 million. Mayville Engineering had a negative net margin of 1.50% and a positive return on equity of 7.98%. View Mayville Engineering's earnings history.

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

Mayville Engineering updated its FY 2020 After-Hours earnings guidance on Wednesday, February, 26th. 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 $457.1 million.

What price target have analysts set for MEC?

5 analysts have issued 12-month target prices for Mayville Engineering's stock. Their forecasts range from $8.00 to $19.00. On average, they anticipate Mayville Engineering's stock price to reach $14.67 in the next twelve months. This suggests a possible upside of 157.3% from the stock's current price. View analysts' price targets for Mayville Engineering.

Has Mayville Engineering been receiving favorable news coverage?

Press coverage about MEC stock has been trending very negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mayville Engineering earned a coverage optimism score of -3.0 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutMayville Engineering.

Are investors shorting Mayville Engineering?

Mayville Engineering saw a increase in short interest in May. As of May 15th, there was short interest totaling 42,700 shares, an increase of 12.1% from the April 30th total of 38,100 shares. Based on an average daily volume of 48,000 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the company's stock are sold short. View Mayville Engineering's Current Options Chain.

Who are some of Mayville Engineering's key competitors?

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 LP Unit (ET), Carnival (CCL), Walt Disney (DIS), NVIDIA (NVDA), Alibaba Group (BABA), Enterprise Products Partners (EPD), Ford Motor (F), Harley-Davidson (HOG), Kohl's (KSS) and Occidental Petroleum (OXY).

Who are Mayville Engineering's key executives?

Mayville Engineering's management team includes the following people:
  • Mr. Robert D. Kamphuis, Chairman, CEO & Pres (Age 61)
  • Mr. Todd M. Butz, CFO, Sec. & Treasurer (Age 48)
  • Mr. Ryan F. Raber, Exec. VP of Strategy, Sales & Marketing (Age 36)
  • Mr. Stephen P. Mance, Chief Operating Officer
  • Mr. Clifford O. Sanderson, VP of HR (Age 61)

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 $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."

Who are Mayville Engineering's major shareholders?

Mayville Engineering's stock is owned by a number of retail and institutional investors. Top institutional investors include Wells Fargo & Company MN (6.60%), Invesco Ltd. (2.61%), Wellington Management Group LLP (2.38%), BlackRock Inc. (1.72%), Advisor Group Holdings Inc. (0.61%) and State Street Corp (0.50%). Company insiders that own Mayville Engineering stock include Clifford O Sanderson, Craig E Johnson, 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.

Which major investors are selling Mayville Engineering stock?

MEC stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Morgan Stanley, Nuveen Asset Management LLC, Invesco Ltd., Bank of New York Mellon Corp, UBS Group AG, Two Sigma Advisers LP, and Alambic Investment Management L.P.. View insider buying and selling activity for Mayville Engineering.

Which major investors are buying Mayville Engineering stock?

MEC stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Advisor Group Holdings Inc., Sontag Advisory LLC, National Investment Services of America LLC, Mesirow Financial Investment Management Inc., Squarepoint Ops LLC, Busey Wealth Management, and Geode Capital Management LLC. Company insiders that have bought Mayville Engineering stock in the last two years include Clifford O Sanderson, Craig E Johnson, 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 insider buying and selling activity for Mayville Engineering.

How do I buy shares of 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.

What is Mayville Engineering's stock price today?

One share of MEC stock can currently be purchased for approximately $5.70.

How big of a company is Mayville Engineering?

Mayville Engineering has a market capitalization of $113.01 million and generates $519.70 million in revenue each year. The company earns $-4,750,000.00 in net income (profit) each year or $1.11 on an earnings per share basis. Mayville Engineering employs 2,600 workers across the globe.

What is Mayville Engineering's official website?

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

How can I contact Mayville Engineering?

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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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