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NYSE:MEI

Methode Electronics (MEI) Stock Price, News & Analysis

$12.87
-0.11 (-0.85%)
(As of 07/26/2024 ET)
Today's Range
$12.74
$13.23
50-Day Range
$9.14
$13.93
52-Week Range
$8.54
$33.86
Volume
292,069 shs
Average Volume
612,561 shs
Market Capitalization
$454.57 million
P/E Ratio
N/A
Dividend Yield
4.35%
Price Target
$18.67

Methode Electronics MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
45.0% Upside
$18.67 Price Target
Short Interest
Bearish
5.62% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.51) to $0.43 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.11 out of 5 stars

Computer And Technology Sector

436th out of 612 stocks

Electronic Connectors Industry

2nd out of 3 stocks

MEI stock logo

About Methode Electronics Stock (NYSE:MEI)

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 Stock Price History

MEI Stock News Headlines

“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
Methode Electronics' Board Approves Dividend
See More Headlines
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Company Calendar

Last Earnings
3/07/2024
Ex-Dividend for 7/26 Dividend
7/12/2024
Today
7/26/2024
Dividend Payable
7/26/2024
Next Earnings (Estimated)
9/05/2024
Fiscal Year End
4/30/2025

Industry, Sector and Symbol

Industry
Electronic connectors
Sub-Industry
Electronic Manufacturing Services
CUSIP
59152020
Employees
7,500
Year Founded
1946

Price Target and Rating

Average Stock Price Target
$18.67
High Stock Price Target
$27.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+45.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-123,300,000.00
Pretax Margin
-11.49%

Debt

Sales & Book Value

Annual Sales
$1.11 billion
Cash Flow
$4.21 per share
Book Value
$21.70 per share

Miscellaneous

Free Float
33,691,000
Market Cap
$454.57 million
Optionable
Optionable
Beta
0.72

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MEI Stock Analysis - Frequently Asked Questions

How have MEI shares performed this year?

Methode Electronics' stock was trading at $22.73 on January 1st, 2024. Since then, MEI shares have decreased by 43.4% and is now trading at $12.87.
View the best growth stocks for 2024 here
.

How were Methode Electronics' earnings last quarter?

Methode Electronics, Inc. (NYSE:MEI) announced its earnings results on Thursday, March, 7th. The electronics maker reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.07 by $0.40. The electronics maker earned $259.50 million during the quarter, compared to analyst estimates of $288.50 million. Methode Electronics had a negative trailing twelve-month return on equity of 1.78% and a negative net margin of 11.06%.

Does Methode Electronics have any subsidiaries?

The following companies are subsidiaries of Methode Electronics: Grakon LLC, Pacific Insight, Procoplast, Advanced Molding & Decoration, Hetronic, Tribotech, Value engineered products, and more.

Who are Methode Electronics' major shareholders?

Top institutional investors of Methode Electronics include Bank of New York Mellon Corp (1.08%), SummerHaven Investment Management LLC (0.06%), Hennessy Advisors Inc. (0.03%) and Nisa Investment Advisors LLC (0.02%). Insiders that own company stock include Joseph Elias Khoury, Donald W Duda, Walter J Aspatore, Brian J Cadwallader and Lawrence B Skatoff.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Methode Electronics own?

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

This page (NYSE:MEI) was last updated on 7/27/2024 by MarketBeat.com Staff

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