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S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The Strategic Gold Play You Haven't Heard About (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The Strategic Gold Play You Haven't Heard About (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The Strategic Gold Play You Haven't Heard About (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
NYSE:MEI

Methode Electronics (MEI) Stock Forecast, Price & News

$21.59
-0.64 (-2.88%)
(As of 09/21/2023 ET)
Compare
Today's Range
$21.39
$22.01
50-Day Range
$21.59
$33.82
52-Week Range
$21.38
$51.38
Volume
263,168 shs
Average Volume
351,422 shs
Market Capitalization
$777.46 million
P/E Ratio
14.11
Dividend Yield
2.59%
Price Target
$39.50

Methode Electronics MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
83.0% Upside
$39.50 Price Target
Short Interest
Healthy
1.53% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.62mentions of Methode Electronics in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
224.71%
From $0.85 to $2.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.11 out of 5 stars

Computer And Technology Sector

23rd out of 592 stocks

Electronic Connectors Industry

1st out of 3 stocks


MEI stock logo

About Methode Electronics (NYSE:MEI) Stock

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. Its products include integrated center consoles, hidden and ergonomic switches, transmission lead-frames, complex insert molded solutions, LED-based lighting solutions, and sensors, which incorporate magneto-elastic sensing, eddy current, or other sensing technologies that monitor the operation or status of a component or system. The Industrial segment manufactures external lighting solutions comprising driving, work, and signal lights; industrial safety radio remote controls; braided flexible cables; current-carrying laminated and powder-coated busbars; high-voltage high current connector and contracts; custom power-product assemblies, such as PowerRail solution; and high-current low-voltage flexible power cabling systems that are used in aerospace, cloud computing, commercial vehicles, construction equipment, industrial, military, power conversion, and transportation markets and applications. The Interface segment provides various copper-based transceivers and related accessories for the cloud computing hardware equipment and telecommunications broadband equipment markets; user interface solutions for the appliance, commercial food service, and point-of-sale equipment markets; and fluid-level sensors for the marine/recreational vehicle and sump pump markets. The Medical segment offers Dabir Surfaces, a surface support technology aimed at pressure injury prevention for use by patients who are immobilized or otherwise at risk for pressure injuries, including patients undergoing long-duration surgical procedures. Methode Electronics, Inc. was incorporated in 1946 and is headquartered in Chicago, Illinois.

MEI Price History

MEI Stock News Headlines

Methode Electronics (MEI) Receives a Rating Update from a Top Analyst
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Q1 2024 Methode Electronics Inc Earnings Call
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Methode Electronics Announces Planned CEO Retirement
See More Headlines
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MEI Company Calendar

Last Earnings
12/02/2021
Ex-Dividend for 7/28 Dividend
7/13/2023
Dividend Payable
7/28/2023
Today
9/21/2023
Ex-Dividend for 10/27 Dividend
10/12/2023
Dividend Payable
10/27/2023
Next Earnings (Estimated)
12/07/2023
Fiscal Year End
4/30/2024

Industry, Sector and Symbol

Industry
Electronic connectors
Sub-Industry
Electronic Manufacturing Services
CUSIP
59152020
Employees
6,700
Year Founded
1946

Price Target and Rating

Average Stock Price Forecast
$39.50
High Stock Price Forecast
$52.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+83.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$77.10 million
Pretax Margin
5.49%

Debt

Sales & Book Value

Annual Sales
$1.18 billion
Cash Flow
$3.32 per share
Book Value
$25.86 per share

Miscellaneous

Free Float
34,282,000
Market Cap
$777.46 million
Optionable
Optionable
Beta
1.04

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Key Executives

  • Mr. Donald W. DudaMr. Donald W. Duda (Age 68)
    Pres, CEO & Director
    Comp: $3.09M
  • Mr. Ronald L.G. TsoumasMr. Ronald L.G. Tsoumas (Age 62)
    VP of Corp. Fin. & CFO
    Comp: $1.24M
  • Ms. Andrea Jean Barry (Age 60)
    Chief Admin. Officer
    Comp: $1.06M
  • Kerry A. Vyverberg (Age 54)
    Gen. Counsel
    Comp: $528.77k
  • Mr. Amit N. PatelMr. Amit N. Patel
    Chief Accounting Officer
  • Mr. Robert K. Cherry
    VP of Investor Relations
  • Ms. Kristine Walczak
    VP of Corp. Communications
  • Mr. Mark Shermetaro
    VP of Corp. Devel.
  • Mr. Anil V. Shetty (Age 57)
    Pres of Dabir Surfaces, Inc.













MEI Stock - Frequently Asked Questions

Should I buy or sell Methode Electronics stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MEI shares.
View MEI analyst ratings
or view top-rated stocks.

What is Methode Electronics' stock price forecast for 2023?

2 brokers have issued 12 month price objectives for Methode Electronics' stock. Their MEI share price forecasts range from $27.00 to $52.00. On average, they anticipate the company's share price to reach $39.50 in the next twelve months. This suggests a possible upside of 83.0% from the stock's current price.
View analysts price targets for MEI
or view top-rated stocks among Wall Street analysts.

How have MEI shares performed in 2023?

Methode Electronics' stock was trading at $44.37 on January 1st, 2023. Since then, MEI stock has decreased by 51.3% and is now trading at $21.59.
View the best growth stocks for 2023 here
.

Are investors shorting Methode Electronics?

Methode Electronics saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 542,200 shares, an increase of 42.1% from the July 31st total of 381,500 shares. Based on an average daily trading volume, of 281,800 shares, the short-interest ratio is presently 1.9 days. Approximately 1.6% of the company's shares are short sold.
View Methode Electronics' Short Interest
.

When is Methode Electronics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our MEI earnings forecast
.

How were Methode Electronics' earnings last quarter?

Methode Electronics, Inc. (NYSE:MEI) posted its earnings results on Thursday, December, 2nd. The electronics maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. The electronics maker had revenue of $295.50 million for the quarter. Methode Electronics had a trailing twelve-month return on equity of 6.16% and a net margin of 4.76%. During the same period in the prior year, the business earned $1.17 earnings per share.

How often does Methode Electronics pay dividends? What is the dividend yield for Methode Electronics?

Methode Electronics declared a quarterly dividend on Wednesday, September 13th. Investors of record on Friday, October 13th will be paid a dividend of $0.14 per share on Friday, October 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, October 12th.
Read our dividend analysis for MEI
.

What ETFs hold Methode Electronics' stock?

ETFs with the largest weight of Methode Electronics (NYSE:MEI) stock in their portfolio include Small Cap US Equity Select ETF (RNSC) and Invesco S&P SmallCap Information Technology ETF (PSCT).iShares Self-Driving EV and Tech ETF (IDRV).

Is Methode Electronics a good dividend stock?

Methode Electronics (NYSE:MEI) pays an annual dividend of $0.56 per share and currently has a dividend yield of 2.52%. The dividend payout ratio is 36.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEI will have a dividend payout ratio of 20.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MEI.

What guidance has Methode Electronics issued on next quarter's earnings?

Methode Electronics updated its second quarter 2024 earnings guidance on Thursday, September, 7th. The company provided earnings per share guidance of $0.12-$0.17 for the period, compared to the consensus EPS estimate of $0.49. The company issued revenue guidance of $285.00 million-$295.00 million, compared to the consensus revenue estimate of $310.52 million.

What other stocks do shareholders of Methode Electronics own?

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).

What is Methode Electronics' stock symbol?

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

Who are Methode Electronics' major shareholders?

Methode Electronics' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.43%), Dimensional Fund Advisors LP (6.08%), Earnest Partners LLC (4.49%), State Street Corp (3.53%), William Blair Investment Management LLC (2.81%) and Westwood Holdings Group Inc. (1.95%). Insiders that own company stock include Amit N Patel, Anil Shetty, Brian J Cadwallader, Darren Dawson, Donald W Duda, Joseph Elias Khoury, Lawrence B Skatoff, Ronald LG Tsoumas, Timothy Glandon and Walter J Aspatore.
View institutional ownership trends
.

How do I buy shares of Methode Electronics?

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.
Compare Top Brokerages Here.

What is Methode Electronics' stock price today?

One share of MEI stock can currently be purchased for approximately $21.59.

How much money does Methode Electronics make?

Methode Electronics (NYSE:MEI) has a market capitalization of $777.46 million and generates $1.18 billion in revenue each year. The electronics maker earns $77.10 million in net income (profit) each year or $1.53 on an earnings per share basis.

How many employees does Methode Electronics have?

The company employs 6,700 workers across the globe.

Does Methode Electronics have any subsidiaries?
The following companies are subsidiares of Methode Electronics: ABAS Inc., Active Energy Solutions Inc., Adam Technologies, Advanced Molding & Decoration, Advanced Molding and Decoration S.A. de C.V., Alsentis LLC, Automotive Safety Technologies, BMAC Limited, Cableco Technologies, Dabir Surfaces Inc., Floduval S.A., Grakon BMAC Holdings Limited, Grakon Components Design (Shenzen) Co. Ltd., Grakon Europe B.V., Grakon Hamsar Holdings Ltd., Grakon Holdings LLC, Grakon Intermediate Holdings LLC, Grakon International (Hong Kong) Ltd., Grakon LLC, Grakon LLC, Grakon Parent Inc., Grakon Vehicle Components (Donggaun) Co. Ltd., Hetronic, Hetronic International Inc., Hetronic Italy S.R.L., Hetronic Midwest LLC, Hetronic Swiss AG, Hetronic USA Inc., IRU Resources S.A. De C.V., KBA Inc., M Aviation LLC, M Aviation Real Estate LLC, M Real Estate LLC, Magna-Lastic Devices Inc., Methode Data Solutions Group Europe Ltd, Methode Development Company, Methode Electronics (Shanghai) Co. Ltd., Methode Electronics (Suzhou) Co. Ltd., Methode Electronics Asia Pte Ltd., Methode Electronics Far East Pte. Ltd., Methode Electronics India Private Ltd., Methode Electronics International GmbH, Methode Electronics Malta Holdings Ltd., Methode Electronics Malta Ltd., Methode Electronics Malta Mriehel Limited, Methode Electronics Mediterranean Company Ltd., Methode Electronics U.K. Ltd., Methode Mexico S.A. de C.V., Methode Surface Treatment (Zhenjiang) Co. Ltd., Optokon, Pacific Insight, Pacific Insight Electronics, Pacific Insight Electronics USA Corp., Pacific Insight Mexico S.A. de C.V., Polycore Technologies, Proco-Immo S.A., Procoplast, Procoplast S.A., Samaya Electronics Egypt Ltd., TouchSensor Technologies, TouchSensor Technologies L.L.C., Translec Limited Universal Resources de Mexico S.A. de C.V., Tribotech, and Value engineered products.
Read More
How can I contact Methode Electronics?

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.

This page (NYSE:MEI) was last updated on 9/22/2023 by MarketBeat.com Staff

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