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: 0.62
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

3.3

Analyst's Opinion

Consensus Rating
Methode Electronics has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $39.50, Methode Electronics has a forecasted upside of 83.0% from its current price of $21.59.
Amount of Analyst Coverage
Methode Electronics has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.53% of the float of Methode Electronics has been sold short.
Short Interest Ratio / Days to Cover
Methode Electronics has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Methode Electronics has recently decreased by 3.38%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Methode Electronics pays a meaningful dividend of 2.52%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Methode Electronics does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Methode Electronics is 36.60%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Methode Electronics will have a dividend payout ratio of 20.29% next year. This indicates that Methode Electronics will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MEI.

2.6

News and Social Media Coverage

News Sentiment
Methode Electronics has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Methode Electronics this week, compared to 2 articles on an average week.
Search Interest
1 people have searched for MEI on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Methode Electronics to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Methode Electronics insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.80% of the stock of Methode Electronics is held by insiders.
Percentage Held by Institutions
89.02% of the stock of Methode Electronics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Methode Electronics are expected to grow by 224.71% in the coming year, from $0.85 to $2.76 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Methode Electronics is 14.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Methode Electronics is 14.11, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 292.86.
Price to Book Value per Share Ratio
Methode Electronics has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

MEI Stock News Headlines

September 21, 2023 | markets.businessinsider.com

Methode Electronics (MEI) Receives a Rating Update from a Top Analyst

September 19, 2023 | hk.finance.yahoo.com

Methode Electronics (NYSE:MEI) Has Affirmed Its Dividend Of $0.14

September 22, 2023 | Wall Street Fundamentals (Ad)

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September 14, 2023 | finance.yahoo.com

Methode Electronics to Present at the Sidoti Small-Cap Virtual Conference

September 14, 2023 | finance.yahoo.com

Methode Electronics to Present at the Sidoti Small-Cap Virtual Conference

September 12, 2023 | americanbankingnews.com

Methode Electronics (NYSE:MEI) Reaches New 52-Week Low After Analyst Downgrade

September 8, 2023 | finance.yahoo.com

Methode Electronics, Inc. (NYSE:MEI) Q1 2024 Earnings Call Transcript

September 8, 2023 | finance.yahoo.com

Q1 2024 Methode Electronics Inc Earnings Call

September 22, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

September 8, 2023 | marketwatch.com

Methode Electronics Shares Plunge 19% to 52-Week Low After it Cuts FY Guidance

September 7, 2023 | msn.com

Methode Electronics slumps on annual forecast cut

September 7, 2023 | markets.businessinsider.com

Methode Electronics Shares Fall On Mixed Q1 Earnings Results & Dismal Outlook

September 7, 2023 | seekingalpha.com

Methode Electronics, Inc. 2024 Q1 - Results - Earnings Call Presentation

September 7, 2023 | finance.yahoo.com

Methode Electronics, Inc. Reports Fiscal 2024 First Quarter Financial Results

September 6, 2023 | msn.com

Methode Electronics Q1 2024 Earnings Preview

September 1, 2023 | finanznachrichten.de

Methode Electronics, Inc.: Methode Electronics Announces Planned CEO Retirement

August 31, 2023 | finance.yahoo.com

Methode Electronics Announces Planned CEO Retirement

August 24, 2023 | finance.yahoo.com

Methode Electronics to Announce First Quarter Fiscal 2024 Results on Thursday, September 7, 2023

August 18, 2023 | finance.yahoo.com

Estimating The Fair Value Of Methode Electronics, Inc. (NYSE:MEI)

July 28, 2023 | markets.businessinsider.com

Commitment to Shareholders amid Decreased Earnings: Methode Electronics Ensures Steady Distribution

July 21, 2023 | finance.yahoo.com

The five-year underlying earnings growth at Methode Electronics (NYSE:MEI) is promising, but the shareholders are still in the red over that time

July 18, 2023 | seekingalpha.com

Methode Electronics: Operating Margin Is Under Pressure

July 17, 2023 | finance.yahoo.com

Methode Electronics Releases Inaugural Corporate Social Responsibility (CSR) Report

July 13, 2023 | seekingalpha.com

Methode Electronics to discontinue Dabir Surfaces business

July 13, 2023 | finance.yahoo.com

Methode Electronics Initiates Discontinuation of Dabir Surfaces, Inc.

July 3, 2023 | insidermonkey.com

Methode Electronics, Inc. (NYSE:MEI) Q4 2023 Earnings Call Transcript

June 29, 2023 | msn.com

US Supreme Court tosses Hetronic's $96 million trademark win against European distributor

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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electronic connectors
Sub-Industry: Electronic Manufacturing Services
Sector: Computer and Technology
Current Symbol: NYSE:MEI
CUSIP: 59152020
CIK: 65270
Web: www.methode.com
Phone: (708) 867-6777
Fax: 708-867-6999
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

EPS (Most Recent Fiscal Year): $1.53
Trailing P/E Ratio: 14.11
Forward P/E Ratio: 25.40
P/E Growth: N/A
Net Income: $77.10 million
Net Margins: 4.76%
Pretax Margin: 5.49%
Return on Equity: 6.16%
Return on Assets: 3.83%

Debt

Debt-to-Equity Ratio: 0.36
Current Ratio: 3.15
Quick Ratio: 2.31

Sales & Book Value

Annual Sales: $1.18 billion
Price / Sales: 0.66
Cash Flow: $3.32 per share
Price / Cash Flow: 6.51
Book Value: $25.86 per share
Price / Book: 0.83

Miscellaneous

Outstanding Shares: 36,010,000
Free Float: 34,282,000
Market Cap: $777.46 million
Optionable: Optionable
Beta: 1.04

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Key Executives

Mr. Donald W. Duda (Age 68)
Pres, CEO & Director
Comp: $3.09M

Mr. 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. 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.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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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