NYSE:MEI

Methode Electronics Stock Forecast, Price & News

$45.37
+0.85 (+1.91 %)
(As of 04/9/2021 12:00 AM ET)
Add
Compare
Today's Range
$44.32
Now: $45.37
$45.37
50-Day Range
$38.14
MA: $42.28
$46.82
52-Week Range
$23.97
Now: $45.37
$47.01
Volume185,700 shs
Average Volume202,500 shs
Market Capitalization$1.74 billion
P/E Ratio13.23
Dividend Yield0.97%
Beta1.28
Methode Electronics, Inc. designs, manufactures, and markets component and subsystem devices 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 switches, ergonomic switches, transmission lead-frames, and LED-based lighting and sensors, which incorporate magneto-elastic sensing and other technologies that monitor the operation or status of a component or system. The Industrial segment manufactures external lighting solutions; industrial safety radio remote controls; braided flexible cables; current-carrying laminated busbars and devices; custom power-product assemblies, such as PowerRail solution; high-current low-voltage flexible power cabling systems; and powder-coated busbars that are used in various markets and applications comprising aerospace, commercial vehicles, computers, industrial, power conversion, military, telecommunications, and transportation. The Interface segment provides various copper and fiber-optic interface, and interface solutions for the appliance, commercial food service, construction, consumer, material handling, point-of-sale, and telecommunications markets. Its solutions comprise copper transceivers and solid-state field-effect consumer touch panels. 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. The company was founded in 1946 and is headquartered in Chicago, Illinois.
Methode Electronics logo

Industry, Sector and Symbol

Industry Electronic connectors
Sub-IndustryElectronic Manufacturing Services
CUSIP59152020
Phone708-867-6777
Employees6,044
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.02 billion
Cash Flow$4.77 per share
Book Value$20.38 per share

Profitability

Net Income$123.40 million

Miscellaneous

Market Cap$1.74 billion
Next Earnings Date6/29/2021 (Estimated)
OptionableOptionable

Headlines

Methode Electronics: Q3 Earnings Insights
March 4, 2021 |  benzinga.com
Earnings Preview: Methode Electronics
March 3, 2021 |  benzinga.com
Is Methode (MEI) a Great Value Stock Right Now?
January 13, 2021 |  finance.yahoo.com
Analyzing Methode Electronics's Ex-Dividend Date
January 13, 2021 |  benzinga.com
A Trio of Tech Stocks for the Growth Focused Investor
January 13, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

2.00 out of 5 stars

Computer And Technology Sector

71st out of 1,544 stocks

Electronic Connectors Industry

2nd out of 4 stocks

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$45.37
+0.85 (+1.91 %)
(As of 04/9/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive MEI News and Ratings via Email

Sign-up to receive the latest news and ratings for MEI and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











Methode Electronics (NYSE:MEI) Frequently Asked Questions

Is Methode Electronics a buy right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Methode Electronics stock.
View analyst ratings for Methode Electronics
or view top-rated stocks.

What stocks does MarketBeat like better than Methode Electronics?

Wall Street analysts have given Methode Electronics a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Methode Electronics wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Methode Electronics' next earnings date?

Methode Electronics is scheduled to release its next quarterly earnings announcement on Tuesday, June 29th 2021.
View our earnings forecast for Methode Electronics
.

How were Methode Electronics' earnings last quarter?

Methode Electronics, Inc. (NYSE:MEI) posted its earnings results on Wednesday, March, 3rd. The electronics maker reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.04. The electronics maker earned $295.30 million during the quarter, compared to the consensus estimate of $277.72 million. Methode Electronics had a net margin of 13.22% and a trailing twelve-month return on equity of 16.19%. The business's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 earnings per share.
View Methode Electronics' earnings history
.

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. Since then, MEI stock has increased by 63.5% and is now trading at $45.37.
View which stocks have been most impacted by COVID-19
.

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

Methode Electronics announced a quarterly dividend on Thursday, March 18th. Shareholders of record on Friday, April 16th will be paid a dividend of $0.11 per share on Friday, April 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, April 15th.
View Methode Electronics' dividend history
.

Is Methode Electronics a good dividend stock?

Methode Electronics pays an annual dividend of $0.44 per share and currently has a dividend yield of 0.97%. Methode Electronics does not yet have a strock track record of dividend growth. The dividend payout ratio of Methode Electronics is 14.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Methode Electronics will have a dividend payout ratio of 13.10% next year. This indicates that Methode Electronics will be able to sustain or increase its dividend.
View Methode Electronics' dividend history.

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

Methode Electronics issued an update on its fourth quarter earnings guidance on Thursday, March, 4th. The company provided earnings per share (EPS) guidance of $0.60-0.82 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.74. The company issued revenue guidance of $270-300 million, compared to the consensus revenue estimate of $278.91 million.

What price target have analysts set for MEI?

2 analysts have issued twelve-month price targets for Methode Electronics' shares. Their forecasts range from $34.00 to $40.00. On average, they expect Methode Electronics' stock price to reach $37.00 in the next twelve months. This suggests that the stock has a possible downside of 18.4%.
View analysts' price targets for Methode Electronics
or view top-rated stocks among Wall Street analysts.

Who are Methode Electronics' key executives?

Methode Electronics' management team includes the following people:
  • Mr. Donald W. Duda, Pres, CEO & Director (Age 66, Pay $1.52M)
  • Mr. Ronald L.G. Tsoumas, VP of Corp. Fin. & CFO (Age 60, Pay $630.06k)
  • Mr. Joseph E. Khoury, Chief Operating Officer (Age 57, Pay $711.75k)
  • Mr. Anil V. Shetty, VP & Pres of Dabir Surfaces, Inc. (Age 55, Pay $652.19k)
  • 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.
  • Ms. Andrea Jean Barry, Chief HR Officer (Age 58)

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), 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 many different retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.07%), First Hawaiian Bank (0.03%) and Everence Capital Management Inc. (0.02%). Company insiders that own Methode Electronics stock include Anil Shetty, Bruce K Crowther, Darren Dawson, Donald W Duda, Joseph Elias Khoury, Lawrence B Skatoff, Ronald LG Tsoumas and Timothy Glandon.
View institutional ownership trends for Methode Electronics
.

Which institutional investors are selling Methode Electronics stock?

MEI stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have sold Methode Electronics company stock in the last year include Anil Shetty, Darren Dawson, Donald W Duda, Joseph Elias Khoury, Lawrence B Skatoff, Ronald LG Tsoumas, and Timothy Glandon.
View insider buying and selling activity for Methode Electronics
or view top insider-selling stocks.

Which institutional investors are buying Methode Electronics stock?

MEI stock was purchased by a variety of institutional investors in the last quarter, including First Hawaiian Bank, and Everence Capital Management Inc..
View insider buying and selling activity for Methode Electronics
or or view top insider-buying stocks.

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 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 $45.37.

How much money does Methode Electronics make?

Methode Electronics has a market capitalization of $1.74 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.

How many employees does Methode Electronics have?

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.

Where are Methode Electronics' headquarters?

Methode Electronics is headquartered at 8750 WEST BRYN MAWR AVENUE SUITE 1000, CHICAGO IL, 60631.

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 4/12/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.