Methode Electronics (MEI) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MEI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MEI, but not buy additional shares or sell existing shares.
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3 analysts have issued 1 year target prices for Methode Electronics' shares. Their MEI share price forecasts range from $49.00 to $52.00. On average, they expect the company's stock price to reach $50.50 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price.
View analysts price targets for MEI or view top-rated stocks among Wall Street analysts.

Methode Electronics' stock was trading at $44.37 at the beginning of the year. Since then, MEI shares have increased by 4.3% and is now trading at $46.30.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 22nd 2023.
View our MEI earnings forecast.

Methode Electronics, Inc. (NYSE:MEI) announced its quarterly earnings data 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 net margin of 7.30% and a trailing twelve-month return on equity of 9.29%. During the same period last year, the firm posted $1.17 earnings per share.

Methode Electronics declared a quarterly dividend on Thursday, March 16th. Investors of record on Friday, April 14th will be paid a dividend of $0.14 per share on Friday, April 28th. This represents a $0.56 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Thursday, April 13th.
Read our dividend analysis for MEI.

ETFs with the largest weight of Methode Electronics (NYSE:MEI) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT), Small Cap US Equity Select ETF (RNSC), Invesco S&P SmallCap Low Volatility ETF (XSLV), Hartford Multifactor Small Cap ETF (ROSC), Distillate Small/Mid Cash Flow ETF (DSMC), iShares US Small Cap Value Factor ETF (SVAL), Royce Quant Small-Cap Quality Value ETF (SQLV) and Principal U.S. Small-Cap Adaptive Multi-Factor ETF (PLTL).

Methode Electronics (NYSE:MEI) pays an annual dividend of $0.56 per share and currently has a dividend yield of 1.30%. The dividend payout ratio is 24.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEI will have a dividend payout ratio of 22.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MEI.

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).

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

Methode Electronics' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.27%), FMR LLC (9.20%), Dimensional Fund Advisors LP (6.34%), State Street Corp (3.83%), William Blair Investment Management LLC (2.86%) and Geode Capital Management LLC (1.90%). 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.
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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.
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One share of MEI stock can currently be purchased for approximately $46.30.

Methode Electronics (NYSE:MEI) has a market capitalization of $1.67 billion and generates $1.16 billion in revenue each year. The electronics maker earns $102.20 million in net income (profit) each year or $2.30 on an earnings per share basis.

The company employs 7,000 workers across the globe.

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.