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NYSE:MEI

Methode Electronics - MEI Stock Forecast, Price & News

$48.84
-1.39 (-2.77%)
(As of 12/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$48.72
▼
$50.12
50-Day Range
$35.78
▼
$50.23
52-Week Range
$33.91
▼
$50.39
Volume
141,646 shs
Average Volume
176,193 shs
Market Capitalization
$1.79 billion
P/E Ratio
19.23
Dividend Yield
1.11%
Price Target
$47.00

Methode Electronics MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
3.8% Downside
$47.00 Price Target
Short Interest
Healthy
1.83% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.18mentions of Methode Electronics in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$462,000 Sold Last Quarter
Proj. Earnings Growth
20.69%
From $2.90 to $3.50 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Computer And Technology Sector

294th out of 634 stocks

Electronic Connectors Industry

2nd out of 3 stocks

See Top Rated MarketRank™ Stocks Here
MEI stock logo

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 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 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, cloud computing, commercial vehicles, industrial, military, power conversion, and transportation. 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.

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MEI Stock News Headlines

December 5, 2022 | seekingalpha.com
Methode Electronics Soared Too Fast
December 3, 2022 | americanbankingnews.com
Methode Electronics (NYSE:MEI) Stock Price Up 5.5%
December 2, 2022 | investing.com
Methode Electronics PT Raised to $51 at Baird
December 1, 2022 | finance.yahoo.com
Methode Electronics Clocks 7% Revenue Growth In Q2; Warns On Inflationary Cost Environment
December 1, 2022 | finance.yahoo.com
Methode Electronics, Inc. Reports Fiscal Second Quarter 2023 Financial Results
November 30, 2022 | americanbankingnews.com
Methode Electronics (MEI) Scheduled to Post Earnings on Thursday
November 25, 2022 | americanbankingnews.com
Methode Electronics (NYSE:MEI) Receives New Coverage from Analysts at Jefferies Financial Group
November 18, 2022 | finance.yahoo.com
Methode Electronics to Announce Second Quarter Fiscal 2023 Results on Thursday, December 1, 2022
October 30, 2022 | finance.yahoo.com
Do Its Financials Have Any Role To Play In Driving Methode Electronics, Inc.'s (NYSE:MEI) Stock Up Recently?
October 14, 2022 | seekingalpha.com
MEI Methode Electronics, Inc.
October 11, 2022 | ca.finance.yahoo.com
At US$36.29, Is It Time To Put Methode Electronics, Inc. (NYSE:MEI) On Your Watch List?
September 20, 2022 | nasdaq.com
Methode Electronics (NYSE:MEI) Is Due To Pay A Dividend Of $0.14
September 15, 2022 | finance.yahoo.com
Methode Electronics to Present at the Sidoti Small Cap Virtual Conference
September 15, 2022 | finance.yahoo.com
Methode Electronics to Present at the Sidoti Small Cap Virtual Conference
September 15, 2022 | nasdaq.com
Methode Electronics (NYSE:MEI) shareholders have earned a 5.5% CAGR over the last three years
September 14, 2022 | msn.com
Methode Electronics's Return On Capital Employed Insights
September 5, 2022 | seekingalpha.com
Methode Electronics: Margins Need To Improve In Q2
September 2, 2022 | nasdaq.com
Methode Electronics (MEI) Q1 Earnings Beat, Sales Fall Y/Y
September 1, 2022 | finance.yahoo.com
Methode Electronics Q1 Top-Line Misses Driven By Weaker Auto Segment
September 1, 2022 | seekingalpha.com
Methode Electronics GAAP EPS of $0.58 beats by $0.06, revenue of $282.4M in-line, re-affirms FY guidance
September 1, 2022 | finance.yahoo.com
Methode Electronics, Inc. Reports Fiscal 2023 First Quarter Financial Results
August 31, 2022 | markets.businessinsider.com
Methode Electronics earnings preview: what Wall Street is expecting
August 18, 2022 | finance.yahoo.com
Methode Electronics to Announce First Quarter Fiscal 2023 Results on Thursday, September 1, 2022
August 16, 2022 | nz.finance.yahoo.com
Methode Electronics, Inc. (MEI)
August 3, 2022 | finance.yahoo.com
Methode Electronics to Present at the 2022 J.P. Morgan Automotive Conference
See More Headlines
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MEI Company Calendar

Last Earnings
12/02/2021
Ex-Dividend for 10/28 Dividend
10/13/2022
Dividend Payable
10/28/2022
Today
12/05/2022
Next Earnings (Estimated)
3/01/2023
Fiscal Year End
4/30/2023
Get Stock Alerts

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
7,000
Year Founded
1946

Price Target and Rating

Average Stock Price Forecast
$47.00
High Stock Price Forecast
$52.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
-3.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.54
Trailing P/E Ratio
19.23
Forward P/E Ratio
16.84
P/E Growth
N/A
Net Income
$102.20 million
Net Margins
8.03%
Pretax Margin
9.33%
Return on Equity
10.46%
Return on Assets
6.82%

Debt

Debt-to-Equity Ratio
0.21
Current Ratio
3.09
Quick Ratio
2.28

Sales & Book Value

Annual Sales
$1.16 billion
Price / Sales
1.54
Cash Flow
$3.96 per share
Price / Cash Flow
12.32
Book Value
$23.87 per share
Price / Book
2.05

Miscellaneous

Outstanding Shares
36,574,000
Free Float
34,928,000
Market Cap
$1.79 billion
Optionable
Optionable
Beta
1.14

Social Links


Key Executives

  • Mr. Donald W. DudaMr. Donald W. Duda (Age 67)
    Pres, CEO & Director
    Comp: $2.3M
  • Mr. Ronald L.G. TsoumasMr. Ronald L.G. Tsoumas (Age 61)
    VP of Corp. Fin. & CFO
    Comp: $843.42k
  • Mr. Joseph E. KhouryMr. Joseph E. Khoury (Age 58)
    Chief Operating Officer
    Comp: $1.23M
  • Ms. Andrea Jean Barry (Age 59)
    Chief Admin. Officer
    Comp: $834.97k
  • Mr. Kevin Michael Martin (Age 56)
    VP of North America
    Comp: $825.73k
  • Mr. Amit N. PatelMr. Amit N. Patel
    Chief Accounting Officer
  • Mr. Robert K. Cherry
    VP of Investor Relations
  • Kerry A. Vyverberg
    Gen. Counsel
  • Ms. Kristine Walczak
    VP of Corp. Communications
  • Mr. Mark Shermetaro
    VP of Corp. Devel.

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?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last year. 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.
View MEI analyst ratings or view top-rated stocks.

What is Methode Electronics' stock price forecast for 2023?

3 brokers have issued 12 month price objectives for Methode Electronics' shares. Their MEI share price forecasts range from $42.00 to $52.00. On average, they anticipate the company's stock price to reach $47.00 in the next year. This suggests that the stock has a possible downside of 6.4%.
View analysts price targets for MEI or view top-rated stocks among Wall Street analysts.

How have MEI shares performed in 2022?

Methode Electronics' stock was trading at $49.17 on January 1st, 2022. Since then, MEI stock has increased by 2.2% and is now trading at $50.23.
View the best growth stocks for 2022 here.

When is Methode Electronics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our MEI earnings forecast.

How were Methode Electronics' earnings last quarter?

Methode Electronics, Inc. (NYSE:MEI) issued its earnings results on Thursday, December, 2nd. The electronics maker reported $0.72 EPS for the quarter, topping analysts' consensus estimates 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 10.46% and a net margin of 8.03%. During the same period last year, the firm posted $1.17 EPS.

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

Methode Electronics declared a quarterly dividend on Wednesday, September 14th. Investors of record on Friday, October 14th will be given a dividend of $0.14 per share on Friday, October 28th. This represents a $0.56 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, October 13th.
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 1.11%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEI will have a dividend payout ratio of 16.00% 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 FY 2023 earnings guidance on Thursday, December, 1st. The company provided earnings per share (EPS) guidance of $2.70-$2.90 for the period, compared to the consensus estimate of $2.70. The company issued revenue guidance of $1.17 billion-$1.20 billion, compared to the consensus revenue estimate of $1.16 billion.

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.17%), Vanguard Group Inc. (11.25%), Massachusetts Financial Services Co. MA (6.38%), Dimensional Fund Advisors LP (5.94%), State Street Corp (3.81%) and LSV Asset Management (3.34%). Insiders that own company stock include Amit N Patel, Anil Shetty, Darren Dawson, Donald W Duda, Joseph Elias Khoury, Lawrence B Skatoff, Ronald LG Tsoumas and Timothy Glandon.
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 $50.23.

How much money does Methode Electronics make?

Methode Electronics (NYSE:MEI) has a market capitalization of $1.84 billion and generates $1.16 billion in revenue each year. The electronics maker earns $102.20 million in net income (profit) each year or $2.54 on an earnings per share basis.

How many employees does Methode Electronics have?

The company employs 7,000 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, Magna-Lastic Devices Inc., Methode Data Solutions Group Europe Ltd, Methode Development Company, 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 Middle East S.A.L., Methode Electronics Shanghai Co. Ltd., Methode Electronics Suzhou Co. 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 Corp., 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, Tribotech, Universal Resources de Mexico S.A. de C.V., 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 12/5/2022 by MarketBeat.com Staff