Methode Electronics (NYSE:MEI - Get Free Report) released its earnings results on Wednesday. The electronics maker reported ($0.77) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.80), Zacks reports. The company had revenue of $257,100 billion for the quarter, compared to analyst estimates of $228.75 million. Methode Electronics had a negative net margin of 5.97% and a negative return on equity of 5.53%. During the same quarter in the previous year, the company earned ($0.23) earnings per share. Methode Electronics updated its FY 2026 guidance to EPS.
Methode Electronics Trading Down 9.7%
Shares of NYSE MEI traded down $0.75 during mid-day trading on Friday, hitting $6.96. The company's stock had a trading volume of 1,090,412 shares, compared to its average volume of 425,760. The stock has a market cap of $248.22 million, a price-to-earnings ratio of -3.89 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. Methode Electronics has a one year low of $5.08 and a one year high of $17.45. The company's fifty day simple moving average is $8.39 and its 200-day simple moving average is $8.80.
Methode Electronics Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, July 21st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Monday, July 21st. Methode Electronics's dividend payout ratio (DPR) is presently -21.46%.
Analyst Upgrades and Downgrades
Separately, Robert W. Baird decreased their price objective on shares of Methode Electronics from $9.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th.
Get Our Latest Stock Analysis on MEI
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Methode Electronics stock. Strs Ohio acquired a new position in shares of Methode Electronics, Inc. (NYSE:MEI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,900 shares of the electronics maker's stock, valued at approximately $133,000. Strs Ohio owned about 0.06% of Methode Electronics at the end of the most recent reporting period. Institutional investors own 95.49% of the company's stock.
About Methode Electronics
(
Get Free Report)
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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