Methode Electronics - MEI Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MEI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MEI, but not buy additional shares or sell existing shares.
View MEI analyst ratings or view top-rated stocks.

2 equities research analysts have issued 1-year price targets for Methode Electronics' shares. Their MEI share price forecasts range from $42.00 to $42.00. On average, they expect the company's stock price to reach $42.00 in the next year. This suggests that the stock has a possible downside of 2.1%.
View analysts price targets for MEI or view top-rated stocks among Wall Street analysts.

Methode Electronics' stock was trading at $49.17 on January 1st, 2022. Since then, MEI stock has decreased by 12.7% and is now trading at $42.91.
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Methode Electronics saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 846,300 shares, a drop of 20.9% from the June 15th total of 1,070,000 shares. Based on an average trading volume of 206,700 shares, the days-to-cover ratio is currently 4.1 days. Approximately 2.3% of the shares of the company are sold short.
View Methode Electronics' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our MEI earnings forecast.

Methode Electronics, Inc. (NYSE:MEI) issued its earnings results on Thursday, June, 23rd. The electronics maker reported $0.43 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.43. The electronics maker earned $288.70 million during the quarter, compared to analyst estimates of $289.10 million. Methode Electronics had a net margin of 8.78% and a trailing twelve-month return on equity of 11.15%.

Methode Electronics declared a quarterly dividend on Thursday, June 16th. Shareholders of record on Friday, July 15th will be given a dividend of $0.14 per share on Friday, July 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, July 14th.
Read our dividend analysis for MEI.

Methode Electronics (NYSE:MEI) pays an annual dividend of $0.56 per share and currently has a dividend yield of 1.33%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEI will have a dividend payout ratio of 15.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MEI.

Methode Electronics updated its FY 2023 earnings guidance on Wednesday, July, 20th. The company provided earnings per share (EPS) guidance of $2.70-$3.10 for the period, compared to the consensus EPS estimate of $3.06. The company issued revenue guidance of $1.16 billion-$1.21 billion, compared to the consensus revenue estimate of $1.19 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Methode Electronics investors own include Intel (INTC), Applied Materials (AMAT), Johnson & Johnson (JNJ), Micron Technology (MU), NIKE (NKE), QUALCOMM (QCOM), Skyworks Solutions (SWKS), Cisco Systems (CSCO), Pfizer (PFE) and AbbVie (ABBV).

Methode Electronics trades on the New York Stock Exchange (NYSE) under the ticker symbol "MEI."

Methode Electronics' stock is owned by many different institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (5.85%), FMR LLC (5.46%), William Blair Investment Management LLC (2.74%), Polaris Capital Management LLC (1.75%), Northern Trust Corp (1.21%) and Loomis Sayles & Co. L P (0.95%). Insiders that own company stock include Amit N Patel, Anil Shetty, Bruce K Crowther, Darren Dawson, Donald W Duda, Joseph Elias Khoury, Lawrence B Skatoff, Ronald LG Tsoumas and Timothy Glandon.
View institutional ownership trends.

Shares of MEI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MEI stock can currently be purchased for approximately $42.91.

Methode Electronics (NYSE:MEI) has a market capitalization of $1.64 billion and generates $1.16 billion in revenue each year. The electronics maker earns $102.20 million in net income (profit) each year or $2.69 on an earnings per share basis.

The company employs 7,000 workers across the globe.

Methode Electronics was founded in 1946.

Methode Electronics' mailing address is 8750 WEST BRYN MAWR AVENUE SUITE 1000, CHICAGO IL, 60631. The official website for the company is www.methode.com. The electronics maker can be reached via phone at (708) 867-6777, via email at ir@methode.com, or via fax at 708-867-6999.