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Mayville Engineering Company (MEC)
NYSE:MEC
RESEARCH TOOLSreports
Mayville Engineering Company (MEC) Stock Price & Analysis
84 Followers
MEC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.72 - $17.00
Previous Close$16.16
Volume37.85K
Average Volume (3M)98.80K
Market Cap
$331.71M
Enterprise Value$503.76M
Total Cash (Recent Filing)$314.00K
Total Debt (Recent Filing)$172.36M
Price to Earnings (P/E)39.3
Beta0.94
Next Earnings
Jul 30, 2024EPS Estimate
$0.22Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.41
Shares Outstanding20,526,787
10 Day Avg. Volume94,719
30 Day Avg. Volume98,803
Standard Deviation0.18
R-Squared0.06
Alpha0.00249
Financial Highlights & Ratios
Price to Book (P/B)3.83
Price to Sales (P/S)2.18
Price to Cash Flow (P/CF)7.60
P/FCF Ratio7.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.83
Enterprise Value/Gross Profit7.23
Enterprise Value/Ebitda8.48
Forecast
1Y Price Target
$21.00Price Target Upside28.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Mayville Engineering Company News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAdjusted EBITDA of $18.5 million came in ahead of the $17.9 million consensus.
Market GrowthThree of five key end markets posted year/year growth, with powersports leading the way with a 25.7% increase.
Sales PerformanceNet sales increased by 13.1% year/year to $161.3 million, surpassing the consensus estimate.
Bears Say
Demand EnvironmentCurrent demand environment remains choppy with little upside in commercial vehicle (40% of annual revenues) and downside likely in both Construction and Ag given OEM production cuts.
Financial PerformanceBoth commercial vehicle (-0.3%) and military (-7.2%) saw year/year declines in the quarter.
Net SalesCV net sales down by 0.3% due to softening end market demand in the quarter.
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Ownership Overview
6.65% Insiders
23.58% Mutual Funds
21.46% Other Institutional Investors
48.31% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MEC FAQ
What was Mayville Engineering Company’s price range in the past 12 months?
Mayville Engineering Company lowest stock price was $9.72 and its highest was $17.00 in the past 12 months.
What is Mayville Engineering Company’s market cap?
Currently, no data Available
When is Mayville Engineering Company’s upcoming earnings report date?
Mayville Engineering Company’s upcoming earnings report date is Jul 30, 2024 which is in 26 days.
How were Mayville Engineering Company’s earnings last quarter?
Mayville Engineering Company released its earnings results on May 07, 2024. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.174 by $0.046.
Is Mayville Engineering Company overvalued?
According to Wall Street analysts Mayville Engineering Company’s price is currently Undervalued.
Does Mayville Engineering Company pay dividends?
Mayville Engineering Company does not currently pay dividends.
What is Mayville Engineering Company’s EPS estimate?
Mayville Engineering Company’s EPS estimate is $0.22.
How many shares outstanding does Mayville Engineering Company have?
Mayville Engineering Company has 20,526,787 shares outstanding.
What happened to Mayville Engineering Company’s price movement after its last earnings report?
Mayville Engineering Company reported an EPS of $0.22 in its last earnings report, beating expectations of $0.174. Following the earnings report the stock price went up 10.132%.
Which hedge fund is a major shareholder of Mayville Engineering Company?
Among the largest hedge funds holding Mayville Engineering Company’s share is Royce & Associates LLC. It holds Mayville Engineering Company’s shares valued at 9M.
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Mayville Engineering Company Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$21.00 (28.13% Upside)
$21.00 (28.13% Upside)
Blogger Sentiment
Bullish
MEC Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 65.6K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
29.69%
12-Months-Change
Fundamentals
Return on Equity
3.72%
Trailing 12-Months
Asset Growth
11.58%
Trailing 12-Months
Company Description
Mayville Engineering Company
Mayville Engineering Co., Inc. engages in the production of metal components. It offers a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military, and other end markets. The company was founded by Leo Bachhuber and Ted Bachhuber in 1945 and is headquartered in Mayville, WI.
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MEC Company Deck
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MEC Earnings Call
Q1 2024
0:00 / 0:00
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MEC Stock 12 Month Forecast
Average Price Target
$21.00
▲(28.13% Upside)
Technical Analysis
Best Analysts Covering MEC
1 Year
1 Year Success Rate
8/9 ratings generated profit
1 Year Average Return
+22.30%
reiterated a buy rating 20 days ago
Copying Ted Jackson's trades and holding each position for 1 Year would result in 88.89% of your transactions generating a profit, with an average return of +22.30% per trade.
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