Mayville Engineering (MEC) to Release Quarterly Earnings on Tuesday

Mayville Engineering (NYSE:MEC) is set to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Mayville Engineering has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Mayville Engineering (NYSE:MEC) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). Mayville Engineering had a net margin of 1.33% and a return on equity of 6.58%. The business had revenue of $148.58 million during the quarter, compared to analysts’ expectations of $157.08 million. During the same quarter last year, the firm earned $0.22 earnings per share. On average, analysts expect Mayville Engineering to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mayville Engineering Price Performance

Shares of MEC traded down $0.10 during trading hours on Tuesday, hitting $13.89. 6,014 shares of the stock were exchanged, compared to its average volume of 50,028. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.93 and a current ratio of 1.88. Mayville Engineering has a 12-month low of $9.55 and a 12-month high of $15.50. The company has a market cap of $282.80 million, a price-to-earnings ratio of 36.74 and a beta of 0.84. The stock’s 50-day moving average price is $13.33 and its two-hundred day moving average price is $13.01.

Analysts Set New Price Targets

Separately, Citigroup boosted their price target on Mayville Engineering from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 8th.

About Mayville Engineering

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.