Janney Montgomery Scott LLC Purchases Shares of 46,394 Methode Electronics, Inc. $MEI

Key Points

• Janney Montgomery Scott LLC has purchased a new stake in Methode Electronics, acquiring 46,394 shares valued at approximately $441,000, representing 0.13% of the company.
• Methode Electronics reported earnings of ($0.22) EPS for the recent quarter, surpassing analyst expectations of ($0.40) EPS, with revenue of $240.50 million.
• Several analysts have recently upgraded their ratings on Methode Electronics, with Wall Street Zen moving it from a "sell" to a "hold" rating, while the average price target is set at $11.25.

Janney Montgomery Scott LLC purchased a new stake in Methode Electronics, Inc. (NYSE:MEI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,394 shares of the electronics maker's stock, valued at approximately $441,000. Janney Montgomery Scott LLC owned 0.13% of Methode Electronics at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. SummerHaven Investment Management LLC raised its stake in shares of Methode Electronics by 2.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 85,997 shares of the electronics maker's stock worth $818,000 after buying an additional 2,423 shares during the period. Sentinel Pension Advisors LLC acquired a new position in shares of Methode Electronics during the 2nd quarter worth approximately $95,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Methode Electronics during the 2nd quarter worth approximately $216,000. Pallas Capital Advisors LLC acquired a new position in shares of Methode Electronics during the 2nd quarter worth approximately $103,000. Finally, Howe & Rusling Inc. raised its stake in shares of Methode Electronics by 20.1% during the 1st quarter. Howe & Rusling Inc. now owns 59,817 shares of the electronics maker's stock worth $382,000 after buying an additional 10,000 shares during the period. 95.49% of the stock is owned by institutional investors and hedge funds.

Methode Electronics Stock Down 4.2%

Shares of NYSE:MEI opened at $7.04 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.50 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $7.49 and a two-hundred day moving average of $7.40. The stock has a market cap of $247.88 million, a P/E ratio of -4.54 and a beta of 1.09. Methode Electronics, Inc. has a 52-week low of $5.08 and a 52-week high of $17.45.

Methode Electronics (NYSE:MEI - Get Free Report) last issued its earnings results on Tuesday, September 9th. The electronics maker reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.18. The company had revenue of $240.50 million during the quarter, compared to analysts' expectations of $224.57 million. Methode Electronics had a negative return on equity of 5.27% and a negative net margin of 5.30%.During the same period in the prior year, the business earned ($0.31) EPS. Methode Electronics has set its FY 2026 guidance at EPS. On average, research analysts expect that Methode Electronics, Inc. will post -0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MEI shares. Wall Street Zen raised Methode Electronics from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Robert W. Baird upped their target price on Methode Electronics from $7.00 to $8.50 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Methode Electronics in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $11.25.

Methode Electronics Company Profile

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.

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