Methode Electronics' (MEI) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "Sell (D-)" rating for Methode Electronics (MEI), indicating ongoing concerns about the stock's performance.
• Despite the negative outlook, Robert W. Baird raised the price target for MEI shares from $7.00 to $8.50 and assigned a "neutral" rating.
• Methode Electronics reported a quarterly loss of ($0.22) EPS, surpassing analysts' estimates, with revenues of $240.50 million for the quarter.

Methode Electronics (NYSE:MEI - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other research firms also recently issued reports on MEI. Robert W. Baird lifted their price target on shares of Methode Electronics from $7.00 to $8.50 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Wall Street Zen raised shares of Methode Electronics from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $11.25.

Methode Electronics Stock Performance

Shares of MEI stock opened at $7.45 on Wednesday. The company's fifty day simple moving average is $7.38 and its 200-day simple moving average is $7.38. Methode Electronics has a 52 week low of $5.08 and a 52 week high of $17.45. The company has a current ratio of 2.50, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47. The company has a market cap of $262.31 million, a PE ratio of -4.81 and a beta of 1.09.

Methode Electronics (NYSE:MEI - Get Free Report) last issued its earnings results on Tuesday, September 9th. The electronics maker reported ($0.22) EPS for the quarter, beating analysts' consensus estimates of ($0.40) by $0.18. Methode Electronics had a negative net margin of 5.30% and a negative return on equity of 5.27%. The business had revenue of $240.50 million for the quarter, compared to the consensus estimate of $224.57 million. During the same quarter last year, the firm posted ($0.31) EPS. Methode Electronics has set its FY 2026 guidance at EPS. As a group, equities research analysts anticipate that Methode Electronics will post -0.4 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Methode Electronics by 1,027.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,089 shares of the electronics maker's stock valued at $29,000 after buying an additional 2,815 shares during the period. Virtus Advisers LLC acquired a new position in Methode Electronics during the 1st quarter valued at about $30,000. GAMMA Investing LLC boosted its stake in Methode Electronics by 1,817.4% during the 1st quarter. GAMMA Investing LLC now owns 7,056 shares of the electronics maker's stock valued at $45,000 after purchasing an additional 6,688 shares during the period. Sentinel Pension Advisors LLC acquired a new position in Methode Electronics during the 2nd quarter valued at about $95,000. Finally, Smith Moore & CO. acquired a new position in Methode Electronics during the 2nd quarter valued at about $95,000. 95.49% of the stock is owned by institutional investors and hedge funds.

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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