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Mayville Engineering Company (MEC)
NYSE:MEC
RESEARCH TOOLSreports
Mayville Engineering Company (MEC) Stock Price & Analysis
79 Followers
MEC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.72 - $16.54
Previous Close$15.97
Volume34.67K
Average Volume (3M)75.72K
Market Cap
$327.81M
Enterprise Value$499.86M
Total Cash (Recent Filing)$314.00K
Total Debt (Recent Filing)$172.36M
Price to Earnings (P/E)38.8
Beta1.02
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. Volume102,364
30 Day Avg. Volume75,724
Standard Deviation0.18
R-Squared0.06
Alpha0.00076
Financial Highlights & Ratios
Price to Book (P/B)3.88
Price to Sales (P/S)2.21
Price to Cash Flow (P/CF)7.70
P/FCF Ratio7.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.82
Enterprise Value/Gross Profit7.17
Enterprise Value/Ebitda8.42
Forecast
1Y Price Target
$18.75Price Target Upside17.04% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Mayville Engineering Company News
Bulls Say, Bears Say
Bulls Say
Earnings GrowthMayville Engineering Company's 1Q earnings surpassed consensus expectations, reflecting robust year-over-year growth with an adjusted EBITDA of $18.5 million.
Financial PerformanceMEC is the leading U.S. metal fabricator with a strong performance in the Powersports segment, achieving a 25.7% increase due to high volumes from new projects and share gains.
Future Growth ProspectsThe Hazel Park facility is set to significantly contribute to revenues with an expected $100 million in run-rate revenues by the end of the fiscal year, highlighting the company's future growth potential.
Bears Say
Earnings Guidance2024 sales and EBITDA guidance issued just below prior consensus, indicating potential concerns about future growth.
Industry ChallengesKey end markets such as Commercial Vehicle and Construction are expected to face a downturn, which could impact the company's sales.
Market DemandThe current demand environment remains choppy with little upside in commercial vehicle and downside likely in both Construction and Ag.
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Ownership Overview
6.65% Insiders
22.05% Mutual Funds
19.91% Other Institutional Investors
51.39% 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 $16.54 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 59 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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$18.75 (17.04% Upside)
$18.75 (17.04% Upside)
Blogger Sentiment
Bullish
MEC Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 65.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $20.0K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
32.31%
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
$18.75
▲(17.04% Upside)
Technical Analysis
Best Analysts Covering MEC
1 Year
1 Year Success Rate
7/8 ratings generated profit
1 Year Average Return
+23.82%
reiterated a buy rating 23 days ago
Copying Ted Jackson's trades and holding each position for 1 Year would result in 87.50% of your transactions generating a profit, with an average return of +23.82% per trade.
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