NYSE:MEI - Methode Electronics Stock Price, Forecast & News

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

Methode Electronics declared a quarterly dividend on Friday, December 13th. Shareholders of record on Friday, January 17th will be paid a dividend of $0.11 per share on Friday, January 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, January 16th. View Methode Electronics' Dividend History.

Methode Electronics Inc. (NYSE:MEI) released its earnings results on Thursday, December, 5th. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by $0.13. The electronics maker had revenue of $257.20 million for the quarter, compared to analyst estimates of $281.89 million. Methode Electronics had a return on equity of 15.27% and a net margin of 10.13%. The company's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. View Methode Electronics' Earnings History.

Methode Electronics is scheduled to release their next quarterly earnings announcement on Thursday, March 5th 2020. View Earnings Estimates for Methode Electronics.

Methode Electronics issued an update on its FY20 earnings guidance on Thursday, December, 5th. The company provided earnings per share guidance of $3.25-3.55 for the period, compared to the Thomson Reuters consensus estimate of $3.36. The company issued revenue guidance of $1.10-1.13 billion, compared to the consensus revenue estimate of $1.13 billion.

3 analysts have issued 1-year target prices for Methode Electronics' stock. Their forecasts range from $42.00 to $43.00. On average, they expect Methode Electronics' stock price to reach $42.33 in the next twelve months. This suggests a possible upside of 13.5% from the stock's current price. View Analyst Price Targets for Methode Electronics.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Methode Electronics.

News coverage about MEI stock has trended extremely negative on Sunday, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Methode Electronics earned a news sentiment score of -4.5 on InfoTrie's scale. They also gave media coverage about the electronics maker a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Methode Electronics.

Methode Electronics saw a decrease in short interest in the month of December. As of December 31st, there was short interest totalling 623,900 shares, a decrease of 12.6% from the December 15th total of 714,100 shares. Based on an average daily trading volume, of 195,100 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.8% of the shares of the stock are sold short. View Methode Electronics' Current Options Chain.

Some companies that are related to Methode Electronics include Trimble (TRMB), IPG Photonics (IPGP), Jabil (JBL), Mercury Systems (MRCY), Fabrinet (FN), Sanmina (SANM), Plexus (PLXS), TTM Technologies (TTMI), KEMET (KEM), Benchmark Electronics (BHE), CTS (CTS), Park Electrochemical (PKE), Key Tronic (KTCC) and Neonode (NEON).

Based on aggregate information from My MarketBeat watchlists, some companies that other Methode Electronics investors own include Intel (INTC), QUALCOMM (QCOM), Nike (NKE), Twitter (TWTR), Wells Fargo & Co (WFC), Broadcom (AVGO), Cisco Systems (CSCO), Walt Disney (DIS), Verizon Communications (VZ) and Applied Materials (AMAT).

Methode Electronics' stock is owned by many different of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (1.31%), Tributary Capital Management LLC (1.29%), New York State Teachers Retirement System (0.29%), First National Bank of Omaha (0.08%), State of Alaska Department of Revenue (0.08%) and Bowling Portfolio Management LLC (0.07%). Company insiders that own Methode Electronics stock include Amit N Patel, Bruce K Crowther, Christopher J Hornung, Donald W Duda, Isabelle C Goossen, Lawrence B Skatoff and Ronald LG Tsoumas. View Institutional Ownership Trends for Methode Electronics.

MEI stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Wedge Capital Management L L P NC, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. View Insider Buying and Selling for Methode Electronics.

MEI stock was bought by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, Strs Ohio, New York State Teachers Retirement System, Campbell & CO Investment Adviser LLC, Optimum Investment Advisors, First National Bank of Omaha and Nisa Investment Advisors LLC. Company insiders that have bought Methode Electronics stock in the last two years include Amit N Patel, Bruce K Crowther, Christopher J Hornung, Donald W Duda and Ronald LG Tsoumas. View Insider Buying and Selling for Methode Electronics.

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

One share of MEI stock can currently be purchased for approximately $37.31.

Methode Electronics has a market capitalization of $1.38 billion and generates $1.00 billion in revenue each year. The electronics maker earns $91.60 million in net income (profit) each year or $2.96 on an earnings per share basis. Methode Electronics employs 6,187 workers across the globe.View Additional Information About Methode Electronics.

The official website for Methode Electronics is http://www.methode.com/.

Methode Electronics' mailing address is 8750 WEST BRYN MAWR AVENUE SUITE 1000, CHICAGO IL, 60631. The electronics maker can be reached via phone at 708-867-6777 or via email at [email protected]