Methode Electronics - MEI Stock Forecast, Price & News

3 Wall Street 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 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 brokers have issued 1-year price objectives for Methode Electronics' stock. Their MEI share price forecasts range from $42.00 to $52.00. On average, they anticipate the company's share price to reach $47.00 in the next twelve months. This suggests a possible upside of 1.0% 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 $49.17 on January 1st, 2022. Since then, MEI shares have decreased by 5.3% and is now trading at $46.54.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our MEI earnings forecast.

Methode Electronics, Inc. (NYSE:MEI) announced its earnings results on Thursday, December, 2nd. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.03. The electronics maker earned $295.50 million during 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 quarter in the previous year, the firm posted $1.17 EPS.

Methode Electronics announced a quarterly dividend on Wednesday, September 14th. Investors of record on Friday, October 14th will be paid a dividend of $0.14 per share on Friday, October 28th. This represents a $0.56 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, October 13th.
Read our dividend analysis for MEI.

Methode Electronics (NYSE:MEI) pays an annual dividend of $0.56 per share and currently has a dividend yield of 1.19%. 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 17.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MEI.

Methode Electronics updated its FY 2023 earnings guidance on Thursday, December, 1st. The company provided 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.

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 variety of retail and institutional 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, 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 $46.54.

Methode Electronics (NYSE:MEI) has a market capitalization of $1.70 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.

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.