Methode Electronics (NYSE:MEI) Releases Quarterly Earnings Results, Misses Expectations By $0.80 EPS

Methode Electronics (NYSE:MEI - Get Free Report) issued its earnings results on Wednesday. The electronics maker reported ($0.77) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.80), Zacks reports. The business had revenue of $257,100 billion for the quarter, compared to the consensus estimate of $228.75 million. Methode Electronics had a negative return on equity of 2.82% and a negative net margin of 8.57%. Methode Electronics updated its FY 2026 guidance to EPS.

Methode Electronics Stock Down 21.0%

Methode Electronics stock traded down $2.16 during trading hours on Thursday, hitting $8.13. The company had a trading volume of 326,073 shares, compared to its average volume of 419,572. The firm has a market capitalization of $290.30 million, a P/E ratio of -3.12 and a beta of 1.01. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.84 and a quick ratio of 1.75. The firm's fifty day moving average is $8.36 and its 200-day moving average is $8.83. Methode Electronics has a fifty-two week low of $5.08 and a fifty-two week high of $17.45.

Methode Electronics Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, July 21st will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.44%. Methode Electronics's dividend payout ratio (DPR) is presently -21.46%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Methode Electronics stock. Strs Ohio acquired a new stake in Methode Electronics, Inc. (NYSE:MEI - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 20,900 shares of the electronics maker's stock, valued at approximately $133,000. Strs Ohio owned 0.06% of Methode Electronics as of its most recent filing with the SEC. Institutional investors own 95.49% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reduced their price target on shares of Methode Electronics from $9.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th.

About Methode Electronics

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.