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

Methode Electronics (NYSE:MEI - Get Free Report) posted its quarterly earnings results on Wednesday. The electronics maker reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.80), Zacks reports. The firm 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 5.60% and a negative net margin of 5.97%. During the same period last year, the company posted ($0.23) earnings per share. Methode Electronics updated its FY 2026 guidance to EPS.

Methode Electronics Stock Performance

Shares of MEI traded down $0.77 during trading hours on Friday, hitting $6.93. The company had a trading volume of 1,349,926 shares, compared to its average volume of 407,176. The firm has a market cap of $247.33 million, a price-to-earnings ratio of -3.89 and a beta of 1.01. The business has a fifty day moving average of $8.39 and a 200-day moving average of $8.77. Methode Electronics has a 12 month low of $5.08 and a 12 month high of $17.45. The company has a quick ratio of 1.75, a current ratio of 2.40 and a debt-to-equity ratio of 0.46.

Methode Electronics Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders 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 4.04%. The ex-dividend date is Monday, July 21st. Methode Electronics's payout ratio is presently -31.46%.

Analysts Set New Price Targets

Separately, Robert W. Baird cut 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 note on Tuesday, April 15th.

Hedge Funds Weigh In On Methode Electronics

An institutional investor recently bought a new position in Methode Electronics stock. Strs Ohio purchased a new stake in Methode Electronics, Inc. (NYSE:MEI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,900 shares of the electronics maker's stock, valued at approximately $133,000. Strs Ohio owned approximately 0.06% of Methode Electronics at the end of the most recent quarter. Hedge funds and other institutional investors own 95.49% of the company's stock.

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.