Methode Electronics (NYSE:MEI) Announces Earnings Results, Misses Estimates By $0.80 EPS

Methode Electronics (NYSE:MEI - Get Free Report) posted 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 during the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned ($0.23) EPS. Methode Electronics updated its FY 2026 guidance to EPS.

Methode Electronics Trading Down 24.9%

MEI stock traded down $2.56 during midday trading on Thursday, reaching $7.73. The company's stock had a trading volume of 1,618,670 shares, compared to its average volume of 422,882. Methode Electronics has a 52 week low of $5.08 and a 52 week high of $17.45. The stock has a market cap of $275.88 million, a PE ratio of -4.34 and a beta of 1.01. The company has a quick ratio of 1.75, a current ratio of 2.84 and a debt-to-equity ratio of 0.47. The business's 50-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 disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, July 21st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.28 dividend on an annualized basis and a yield of 3.62%. Methode Electronics's payout ratio is presently -21.46%.

Analyst Ratings Changes

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 research note on Tuesday, April 15th.

Institutional Investors Weigh In On Methode Electronics

An institutional investor recently bought a new position in Methode Electronics stock. Strs Ohio acquired a new position in shares of Methode Electronics, Inc. (NYSE:MEI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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 reporting period. Institutional investors and hedge funds own 95.49% of the company's stock.

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.