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Mayville Engineering Company (MEC)
NYSE:MEC
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MEC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.72 - $20.17
Previous Close$19.5
Volume122.70K
Average Volume (3M)120.19K
Market Cap
$402.08M
Enterprise Value$555.30M
Total Cash (Recent Filing)$314.00K
Total Debt (Recent Filing)$153.53M
Price to Earnings (P/E)38.0
Beta0.84
Next Earnings
Oct 29, 2024EPS Estimate
$0.24Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.51
Shares Outstanding20,619,530
10 Day Avg. Volume86,953
30 Day Avg. Volume120,187
Standard Deviation0.18
R-Squared0.08
Alpha0.00798
Financial Highlights & Ratios
Price to Book (P/B)1.76
Price to Sales (P/S)0.64
Price to Cash Flow (P/CF)4.30
P/FCF Ratio5.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.88
Enterprise Value/Gross Profit7.97
Enterprise Value/Ebitda8.97
Forecast
1Y Price Target
$23.67Price Target Upside16.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Mayville Engineering Company News
PremiumPre-Earnings
Is MEC a Buy, Before Earnings?
Bulls Say, Bears Say
Bulls Say
Customer WinsExecution has been strong, as shown by margin expansion and new customer wins.
Financial PerformanceNet sales increased by 17.7% year-over-year to $163.6 million, surpassing both the $159.1 million consensus and the $156.8 million estimate.
Free Cash FlowFree cash flow guidance has been raised to a range of $45-50 million, up from the previous $35-40 million.
Bears Say
Market SofteningManagement expects softening in CV, powersports, and ag end markets in 2H to be offset by the continued ramp of new projects with both new and existing customers.
Operating Environment2H24 customer production is set to deteriorate with pressure continuing into 2025 which should make MEC’s operating environment more challenging.
Production CutsCommercial Vehicle OEM production cuts start materializing and set to last into 2025, Construction/Access production cuts seem likely as well into 2025.
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Ownership Overview
6.84% Insiders
23.06% Mutual Funds
23.93% Other Institutional Investors
46.16% 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 $20.17 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 Oct 29, 2024 which is in 39 days.
How were Mayville Engineering Company’s earnings last quarter?
Mayville Engineering Company released its earnings results on Aug 06, 2024. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04.
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 $0.24.
How many shares outstanding does Mayville Engineering Company have?
Mayville Engineering Company has 20,619,530 shares outstanding.
What happened to Mayville Engineering Company’s price movement after its last earnings report?
Mayville Engineering Company reported an EPS of $0.26 in its last earnings report, beating expectations of $0.22. Following the earnings report the stock price went up 10.507%.
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 11M.
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Mayville Engineering Company Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$23.67 (16.43% Upside)
$23.67 (16.43% Upside)
Blogger Sentiment
Bullish
MEC Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 209.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $411.9K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
69.56%
12-Months-Change
Fundamentals
Return on Equity
4.61%
Trailing 12-Months
Asset Growth
-7.65%
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
Q2 2024
0:00 / 0:00
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MEC Stock 12 Month Forecast
Average Price Target
$23.67
▲(16.43% Upside)
Technical Analysis
Best Analysts Covering MEC
1 Year
1 Year Success Rate
10/10 ratings generated profit
1 Year Average Return
+41.53%
reiterated a buy rating last month
Copying Ted Jackson's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +41.53% per trade.
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