Brokerages Expect MAYVILLE ENGR C/SH (NYSE:MEC) to Post $0.25 Earnings Per Share

MAYVILLE ENGR C/SH (NYSE:MEC) has been assigned an average broker rating score of 1.40 (Strong Buy) from the five analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and four have assigned a strong buy rating to the company.

Brokerages have set a 12-month consensus price objective of $20.00 for the company and are anticipating that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also assigned MAYVILLE ENGR C/SH an industry rank of 169 out of 256 based on the ratings given to its competitors.

Several brokerages have commented on MEC. Robert W. Baird began coverage on MAYVILLE ENGR C/SH in a research note on Monday, June 3rd. They issued an “outperform” rating and a $19.00 target price for the company. UBS Group began coverage on MAYVILLE ENGR C/SH in a research note on Monday, June 3rd. They issued a “neutral” rating and a $17.00 target price for the company. Jefferies Financial Group began coverage on MAYVILLE ENGR C/SH in a research note on Monday, June 3rd. They issued a “buy” rating for the company. Citigroup began coverage on MAYVILLE ENGR C/SH in a research note on Monday, June 3rd. They issued a “buy” rating for the company. Finally, William Blair began coverage on MAYVILLE ENGR C/SH in a research note on Monday, June 3rd. They issued an “outperform” rating for the company.

MEC stock opened at $14.82 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 1.69. MAYVILLE ENGR C/SH has a fifty-two week low of $11.95 and a fifty-two week high of $17.40. The business’s fifty day moving average price is $15.02.

MAYVILLE ENGR C/SH (NYSE:MEC) last posted its quarterly earnings results on Tuesday, May 28th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $143.73 million for the quarter. On average, equities analysts forecast that MAYVILLE ENGR C/SH will post 1.08 EPS for the current year.

In other MAYVILLE ENGR C/SH news, Chairman Robert D. Kamphuis purchased 34,460 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was purchased at an average price of $13.00 per share, for a total transaction of $447,980.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Timothy L. Christen purchased 7,500 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average price of $12.92 per share, with a total value of $96,900.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 54,434 shares of company stock valued at $730,549.

MAYVILLE ENGR C/SH Company Profile

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Analyst Recommendations for MAYVILLE ENGR C/SH (NYSE:MEC)

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