NYSE:MEIMethode Electronics Stock Price, Forecast & News

Methode Electronics' stock was trading at $27.75 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MEI shares have increased by 3.6% and is now trading at $28.76. View which stocks have been most impacted by Coronavirus.

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.

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

Methode Electronics Inc. (NYSE:MEI) released its quarterly earnings results on Tuesday, June, 30th. The electronics maker reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.03. The electronics maker had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.05 million. Methode Electronics had a return on equity of 15.62% and a net margin of 12.05%. Methode Electronics's revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 earnings per share. View Methode Electronics' earnings history.

Methode Electronics announced a quarterly dividend on Thursday, June 18th. Investors of record on Friday, July 17th will be given a dividend of $0.11 per share on Friday, July 31st. This represents a $0.44 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, July 16th. View Methode Electronics' dividend history.

Methode Electronics updated its FY 2020 After-Hours earnings guidance on Thursday, May, 28th. The company provided earnings per share guidance of 3.22-3.28 for the period, compared to the Thomson Reuters consensus estimate of $3.01. The company issued revenue guidance of $1.02-1.02 billion, compared to the consensus revenue estimate of $1.05 billion.

3 brokerages have issued 1-year target prices for Methode Electronics' shares. Their forecasts range from $24.00 to $40.00. On average, they expect Methode Electronics' stock price to reach $34.33 in the next year. This suggests a possible upside of 19.4% from the stock's current price. View analysts' price targets for Methode Electronics.

Media headlines about MEI stock have trended negative on Thursday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Methode Electronics earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news headlines about the electronics maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Methode Electronics.

Methode Electronics saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 683,400 shares, an increase of 25.8% from the June 15th total of 543,300 shares. Based on an average trading volume of 227,800 shares, the days-to-cover ratio is presently 3.0 days. Approximately 1.9% of the company's shares are short sold. View Methode Electronics' Current Options Chain.

Some companies that are related to Methode Electronics include Trimble (TRMB), IPG Photonics (IPGP), Jabil (JBL), Mercury Systems (MRCY), Fabrinet (FN), Plexus (PLXS), Sanmina (SANM), KEMET (KEM), TTM Technologies (TTMI), Benchmark Electronics (BHE), CTS (CTS), Park Electrochemical (PKE), Neonode (NEON) and Key Tronic (KTCC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Methode Electronics investors own include Intel (INTC), Cisco Systems (CSCO), Walt Disney (DIS), Nike (NKE), QUALCOMM (QCOM), Verizon Communications (VZ), Wells Fargo & Co (WFC), Pfizer (PFE), Applied Materials (AMAT) and Broadcom (AVGO).

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

Methode Electronics' stock is owned by many different retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.11%) and DNB Asset Management AS (0.07%). Company insiders that own Methode Electronics stock include Amit N Patel, Bruce K Crowther, Christopher J Hornung, Donald W Duda, Isabelle C Goossen, Lawrence B Skatoff and Ronald LG Tsoumas. View institutional ownership trends for Methode Electronics.

MEI stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity for Methode Electronics.

MEI stock was purchased by a variety of institutional investors in the last quarter, including DNB Asset Management AS. 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.

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.

One share of MEI stock can currently be purchased for approximately $28.76.

Methode Electronics has a market capitalization of $1.07 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.

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

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]