Mayville Engineering Company, Inc. (MEC)

Market Cap	338.57M
Revenue (ttm)	608.88M
Net Income (ttm)	12.22M
Shares Out	20.64M
EPS (ttm)	0.59
PE Ratio	27.67
Forward PE	51.05
Dividend	n/a
Ex-Dividend Date	n/a

Volume	8,285
Open	16.27
Previous Close	16.32
Day's Range	16.24 - 16.52
52-Week Range	11.07 - 23.02
Beta	0.97
Analysts	Strong Buy
Price Target	20.67 (+26.04%)
Earnings Date	Nov 5, 2024

About MEC

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. The company serves heavy and medium duty commercial vehicles, construction and access equipment, powersports, agriculture, military, and other end markets. Mayville Engineering Company, Inc. was founded in 1945 and is headquartered in Milwau...

• Industry: Metal Fabrication
• Sector: Industrials
• IPO Date: May 9, 2019
• Employees: 2,500
• Stock Exchange: NYSE
• Ticker Symbol: MEC
• Website: https://www.mecinc.com

Financial Performance

In 2023, MEC's revenue was $588.43 million, an increase of 9.09% compared to the previous year's $539.39 million. Earnings were $7.84 million, a decrease of -58.11%.

Analyst Forecast

According to 3 analysts, the average rating for MEC stock is "Strong Buy." The 12-month stock price forecast is $20.67, which is an increase of 26.04% from the latest price.

Price Target

$20.67

(26.04% upside)

Analyst Consensus: Strong Buy