MAYVILLE ENGR C/SH (NYSE:MEC) to Post Q2 2019 Earnings of $0.13 Per Share, William Blair Forecasts

MAYVILLE ENGR C/SH (NYSE:MEC) – William Blair issued their Q2 2019 earnings per share (EPS) estimates for MAYVILLE ENGR C/SH in a note issued to investors on Monday, June 3rd, Zacks Investment Research reports. William Blair analyst L. De. Maria forecasts that the company will post earnings per share of $0.13 for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for MAYVILLE ENGR C/SH’s Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.28 EPS, FY2019 earnings at $0.85 EPS, FY2020 earnings at $1.25 EPS and FY2021 earnings at $1.50 EPS.

MAYVILLE ENGR C/SH (NYSE:MEC) last announced its quarterly earnings results on Tuesday, May 28th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $143.73 million for the quarter.

Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group initiated coverage on MAYVILLE ENGR C/SH in a report on Monday, June 3rd. They set a “buy” rating for the company. Citigroup initiated coverage on MAYVILLE ENGR C/SH in a report on Monday, June 3rd. They set a “buy” rating for the company. Robert W. Baird started coverage on MAYVILLE ENGR C/SH in a report on Monday, June 3rd. They set an “outperform” rating and a $19.00 price target for the company. Finally, UBS Group started coverage on MAYVILLE ENGR C/SH in a report on Monday, June 3rd. They set a “neutral” rating and a $17.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $18.00.

MAYVILLE ENGR C/SH stock traded down $0.81 during mid-day trading on Thursday, hitting $13.80. 847,259 shares of the company’s stock traded hands, compared to its average volume of 124,685. The company has a 50 day moving average of $15.38. MAYVILLE ENGR C/SH has a fifty-two week low of $11.95 and a fifty-two week high of $17.40. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.45 and a quick ratio of 0.84.

In other news, Chairman Robert D. Kamphuis bought 34,460 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average price of $13.00 per share, with a total value of $447,980.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Clifford O. Sanderson purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was bought at an average price of $14.48 per share, for a total transaction of $28,960.00. The disclosure for this purchase can be found here. Insiders have bought 54,434 shares of company stock valued at $730,549 in the last three months.

MAYVILLE ENGR C/SH Company Profile

There is no company description available for Mayville Engineering Company Inc

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