Equities Analysts Offer Predictions for MEI Q1 Earnings

Methode Electronics, Inc. (NYSE:MEI - Free Report) - Equities researchers at Barrington Research issued their Q1 2027 earnings per share estimates for Methode Electronics in a research report issued on Monday, July 14th. Barrington Research analyst G. Prestopino anticipates that the electronics maker will post earnings of ($0.28) per share for the quarter. The consensus estimate for Methode Electronics' current full-year earnings is ($0.40) per share. Barrington Research also issued estimates for Methode Electronics' Q2 2027 earnings at $0.13 EPS, Q3 2027 earnings at ($0.24) EPS, Q4 2027 earnings at $0.29 EPS and FY2027 earnings at ($0.10) EPS.

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

Methode Electronics Stock Down 1.9%

Shares of NYSE MEI traded down $0.13 during midday trading on Tuesday, hitting $6.62. 248,781 shares of the stock traded hands, compared to its average volume of 403,103. The company has a market cap of $236.27 million, a PE ratio of -3.72 and a beta of 1.01. Methode Electronics has a one year low of $5.08 and a one year high of $17.45. The business has a 50 day moving average price of $8.39 and a two-hundred day moving average price of $8.62. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.57 and a current ratio of 2.40.

Methode Electronics (NYSE:MEI - Get Free Report) last issued its earnings results on Wednesday, July 9th. The electronics maker reported ($0.77) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.80). 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 return on equity of 5.60% and a negative net margin of 5.97%. During the same quarter in the previous year, the firm posted ($0.23) earnings per share.

Methode Electronics Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, July 21st will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, July 21st. This represents a $0.28 annualized dividend and a dividend yield of 4.23%. Methode Electronics's dividend payout ratio is -31.46%.

Institutional Investors Weigh In On Methode Electronics

Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtus Advisers LLC bought a new stake in Methode Electronics during the first quarter worth $30,000. Quarry LP bought a new stake in Methode Electronics during the fourth quarter worth $32,000. Virtus Fund Advisers LLC bought a new stake in Methode Electronics during the fourth quarter worth $38,000. GAMMA Investing LLC grew its holdings in Methode Electronics by 1,817.4% during the first quarter. GAMMA Investing LLC now owns 7,056 shares of the electronics maker's stock worth $45,000 after buying an additional 6,688 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in Methode Electronics by 196.8% during the fourth quarter. AlphaQuest LLC now owns 4,509 shares of the electronics maker's stock worth $53,000 after buying an additional 2,990 shares in the last quarter. 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.