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Methode Electronics Stock Forecast, Price & News

+3.53 (+14.71 %)
(As of 09/24/2020 12:00 AM ET)
Today's Range
Now: $27.52
50-Day Range
MA: $29.00
52-Week Range
Now: $27.52
Volume786,709 shs
Average Volume231,330 shs
Market Capitalization$1.03 billion
P/E Ratio9.02
Dividend Yield1.83%
Methode Electronics, Inc. designs, manufactures, and markets component and subsystem devices worldwide. The company operates through four segments: Automotive, Interface, Power Products, and Other. The Automotive segment offers 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 switches, ergonomic switches, transmission lead frames, and light-emitting diode based lighting sensors, which incorporate magneto-elastic sensing and other technologies that monitor the operation or status of a component or system. The Interface segment provides various copper and fiber-optic interface and interface solutions for the aerospace, appliance, commercial food service, construction, consumer, material handling, medical, military, mining, point-of-sale, and telecommunication markets. Its solutions consist of conductive polymers, industrial safety radio remote controls, optical and copper transceivers, and solid-state field-effect consumer touch panels; and services include the design and installation of fiber optic and copper infrastructure systems, and manufacturing active and passive optical components. The Power Products segment manufactures braided flexible cables, current-carrying laminated bus bars and devices, custom power-product assemblies, high-current low voltage flexible power cabling systems, and powder coated bus bars that are used in aerospace, computer, industrial and power conversion, military, telecommunication, and transportation markets and applications. The Other segment offers medical devices, inverters and battery systems, and insulated gate bipolar transistor solutions. Methode Electronics, Inc. was founded in 1946 and is headquartered in Chicago, Illinois.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.73 out of 5 stars

Industry, Sector and Symbol

Industry Electronic connectors
Sub-IndustryElectronic Manufacturing Services



Sales & Book Value

Annual Sales$1.02 billion
Cash Flow$4.21 per share
Book Value$21.68 per share


Net Income$123.40 million


Market Cap$1.03 billion
Next Earnings Date12/3/2020 (Estimated)
+3.53 (+14.71 %)
(As of 09/24/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Methode Electronics (NYSE:MEI) Frequently Asked Questions

How has Methode Electronics' stock been impacted by COVID-19 (Coronavirus)?

Methode Electronics' stock was trading at $27.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MEI shares have decreased by 0.8% and is now trading at $27.52.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of Methode Electronics?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Methode Electronics

When is Methode Electronics' next earnings date?

Methode Electronics is scheduled to release its next quarterly earnings announcement on Thursday, December 3rd 2020.
View our earnings forecast for Methode Electronics

How were Methode Electronics' earnings last quarter?

Methode Electronics Inc. (NYSE:MEI) issued its quarterly earnings data on Thursday, September, 3rd. The electronics maker reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.26 by $0.28. The electronics maker earned $190.90 million during the quarter, compared to analysts' expectations of $174.30 million. Methode Electronics had a return on equity of 14.14% and a net margin of 12.26%. Methode Electronics's revenue for the quarter was down 29.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS.
View Methode Electronics' earnings history

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

Methode Electronics announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Friday, October 16th will be given a dividend of $0.11 per share on Friday, October 30th. This represents a $0.44 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, October 15th.
View Methode Electronics' dividend history

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

Methode Electronics issued an update on its second quarter earnings guidance on Thursday, September, 24th. The company provided earnings per share (EPS) guidance of $0.77-0.87 for the period, compared to the Thomson Reuters consensus estimate of $0.58. The company issued revenue guidance of $270-285 million, compared to the consensus revenue estimate of $240.00 million.

What price target have analysts set for MEI?

3 Wall Street analysts have issued 1 year price targets for Methode Electronics' stock. Their forecasts range from $24.00 to $40.00. On average, they anticipate Methode Electronics' stock price to reach $34.33 in the next year. This suggests a possible upside of 24.8% from the stock's current price.
View analysts' price targets for Methode Electronics

Are investors shorting Methode Electronics?

Methode Electronics saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 710,600 shares, an increase of 14.3% from the July 30th total of 621,800 shares. Based on an average daily volume of 231,500 shares, the days-to-cover ratio is presently 3.1 days. Currently, 2.0% of the shares of the company are short sold.
View Methode Electronics' Short Interest

Who are some of Methode Electronics' key competitors?

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), QUALCOMM (QCOM), Skyworks Solutions (SWKS), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Micron Technology (MU), Nike (NKE), Pfizer (PFE) and AbbVie (ABBV).

Who are Methode Electronics' key executives?

Methode Electronics' management team includes the following people:
  • Mr. Donald W. Duda, Pres, CEO & Director (Age 64)
  • Mr. Ronald L.G. Tsoumas, VP of Corp. Fin. & CFO (Age 58)
  • Mr. Joseph E. Khoury, Chief Operating Officer (Age 55)
  • Ms. Andrea Jean Barry, Chief HR Officer (Age 56)
  • Mr. Theodore P. Kill, Consultant (Age 68)

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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.36%), Silvercrest Asset Management Group LLC (5.20%), LSV Asset Management (5.15%), Wedge Capital Management L L P NC (1.37%), Bank of New York Mellon Corp (1.32%) and Charles Schwab Investment Management Inc. (1.01%). Company insiders that own Methode Electronics stock include Amit N Patel, Bruce K Crowther, Christopher J Hornung, Donald W Duda, Lawrence B Skatoff and Ronald LG Tsoumas.
View institutional ownership trends for Methode Electronics

Which major investors are selling Methode Electronics stock?

MEI stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Goldman Sachs Group Inc., Nuveen Asset Management LLC, Vanguard Group Inc., Charles Schwab Investment Management Inc., ClariVest Asset Management LLC, Bridge City Capital LLC, and Thrivent Financial for Lutherans.
View insider buying and selling activity for Methode Electronics

Which major investors are buying Methode Electronics stock?

MEI stock was acquired by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Clark Capital Management Group Inc., LSV Asset Management, Pier Capital LLC, Grantham Mayo Van Otterloo & Co. LLC, SG Americas Securities LLC, Silvercrest Asset Management Group LLC, and Denali 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 activity for Methode Electronics

How do I buy shares of 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.

What is Methode Electronics' stock price today?

One share of MEI stock can currently be purchased for approximately $27.52.

How big of a company is Methode Electronics?

Methode Electronics has a market capitalization of $1.03 billion and generates $1.02 billion in revenue each year. The electronics maker earns $123.40 million in net income (profit) each year or $3.12 on an earnings per share basis. Methode Electronics employs 6,044 workers across the globe.

What is Methode Electronics' official website?

The official website for Methode Electronics is www.methode.com.

How can I contact Methode Electronics?

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]

This page was last updated on 9/25/2020 by MarketBeat.com Staff

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