NYSE:MEI

Methode Electronics (MEI) Stock Price, News & Analysis

$12.08
+0.77 (+6.81%)
(As of 04/23/2024 ET)
Today's Range
$11.35
$12.09
50-Day Range
$11.21
$22.19
52-Week Range
$11.09
$46.58
Volume
577,545 shs
Average Volume
515,148 shs
Market Capitalization
$427.51 million
P/E Ratio
N/A
Dividend Yield
4.64%
Price Target
$18.67

Methode Electronics MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
54.8% Upside
$18.67 Price Target
Short Interest
Bearish
5.17% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of Methode Electronics in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.41) to ($0.04) 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.

1.82 out of 5 stars

Computer And Technology Sector

447th out of 591 stocks

Electronic Connectors Industry

3rd 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

Putin and other countries have a plan
Did you catch that bombshell Tucker Carlson interview with Vladimir Putin? It’s not about if you like Tucker or think Putin is the devil or whatever. It's all about the fact that the US dollar might be taking a back seat... and soon.
Methode Electronics Announces CFO Transition Plan
MEI May 2024 12.500 call
Putin and other countries have a plan
Did you catch that bombshell Tucker Carlson interview with Vladimir Putin? It’s not about if you like Tucker or think Putin is the devil or whatever. It's all about the fact that the US dollar might be taking a back seat... and soon.
Methode Electronics’ Board Approves Dividend
Methode Electronics' Board Approves Dividend
MEI Oct 2024 10.000 put
MEI Jul 2024 12.500 put
Q3 2024 Methode Electronics Inc Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 1/26 Dividend
1/11/2024
Dividend Payable
1/26/2024
Last Earnings
3/07/2024
Ex-Dividend for 4/26 Dividend
4/11/2024
Today
4/23/2024
Dividend Payable
4/26/2024
Fiscal Year End
4/30/2024
Next Earnings (Estimated)
6/27/2024

Industry, Sector and Symbol

Industry
Electronic connectors
Sub-Industry
Electronic Manufacturing Services
CUSIP
59152020
Employees
6,700
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
+54.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$77.10 million
Pretax Margin
-5.02%

Debt

Sales & Book Value

Annual Sales
$1.18 billion
Cash Flow
$3.54 per share
Book Value
$25.34 per share

Miscellaneous

Free Float
33,691,000
Market Cap
$427.51 million
Optionable
Optionable
Beta
0.86

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MEI Stock Analysis - Frequently Asked Questions

Should I buy or sell Methode Electronics stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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.
View MEI analyst ratings
or view top-rated stocks.

What is Methode Electronics' stock price target for 2024?

2 analysts have issued 1-year target prices for Methode Electronics' shares. Their MEI share price targets range from $12.00 to $27.00. On average, they expect the company's share price to reach $18.67 in the next twelve months. This suggests a possible upside of 54.8% 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 2024?

Methode Electronics' stock was trading at $22.73 on January 1st, 2024. Since then, MEI shares have decreased by 46.9% and is now trading at $12.06.
View the best growth stocks for 2024 here
.

Are investors shorting Methode Electronics?

Methode Electronics saw a increase in short interest in March. As of March 31st, there was short interest totaling 1,710,000 shares, an increase of 46.2% from the March 15th total of 1,170,000 shares. Based on an average trading volume of 525,500 shares, the short-interest ratio is presently 3.3 days. Approximately 5.2% of the company's stock 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, June 27th 2024.
View our MEI earnings forecast
.

How were Methode Electronics' earnings last quarter?

Methode Electronics, Inc. (NYSE:MEI) announced its quarterly earnings data on Thursday, March, 7th. The electronics maker reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.40. The electronics maker had revenue of $259.50 million for the quarter, compared to analyst estimates of $288.50 million. Methode Electronics had a positive trailing twelve-month return on equity of 0.07% and a negative net margin of 5.09%. During the same quarter in the prior year, the business earned $0.54 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 Thursday, March 14th. Shareholders of record on Friday, April 12th will be given a dividend of $0.14 per share on Friday, April 26th. This represents a $0.56 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, April 11th.
Read our dividend analysis for MEI
.

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 4.82%. MEI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for MEI.

What ETF holds Methode Electronics' stock?

Small Cap US Equity Select ETF holds 20,109 shares of MEI stock, representing 0.66% of its portfolio.

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).

Who are Methode Electronics' major shareholders?

Methode Electronics' stock is owned by a variety of institutional and retail investors. Top institutional investors include Bridge City Capital LLC (0.69%), Aviance Capital Partners LLC (0.09%) and Counterpoint Mutual Funds LLC (0.04%). Insiders that own company stock include Amit N Patel, Anil Shetty, Brian J Cadwallader, Donald W Duda, Joseph Elias Khoury, Lawrence B Skatoff, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NYSE:MEI) was last updated on 4/23/2024 by MarketBeat.com Staff

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