Mayville Engineering Company, Inc. (MEC)

Market Cap	275.94M
Revenue (ttm)	588.43M
Net Income (ttm)	7.84M
Shares Out	20.36M
EPS (ttm)	0.38
PE Ratio	35.66
Forward PE	16.83
Dividend	n/a
Ex-Dividend Date	n/a

Volume	44,711
Open	13.58
Previous Close	13.39
Day's Range	13.35 - 13.78
52-Week Range	9.55 - 15.50
Beta	0.83
Analysts	Strong Buy
Price Target	18.50 (+36.53%)
Earnings Date	Apr 30, 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

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 4 analysts, the average rating for MEC stock is "Strong Buy." The 12-month stock price forecast is $18.5, which is an increase of 36.53% from the latest price.

Price Target

$18.5

(36.53% upside)

Analyst Consensus: Strong Buy