NYSE:MEI

Methode Electronics Stock Forecast, Price & News

$43.09
+0.01 (+0.02 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$42.36
$43.49
50-Day Range
$41.66
$49.10
52-Week Range
$23.97
$50.19
Volume605,447 shs
Average Volume193,409 shs
Market Capitalization$1.64 billion
P/E Ratio12.64
Dividend Yield1.30%
Beta1.28
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Methode Electronics logo

About Methode Electronics

Methode Electronics, Inc. engages in the manufacture of component and subsystem devices. It operates through the following segments: Automotive, Interface, Industrial, and Medical. The Automotive segment supplies electronic and electromechanical devices, and related products to automobile original equipment manufacturers. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions for the aerospace, appliance, commercial food service, construction, consumer, material handling, medical, military, mining, point-of-sale, and telecommunications markets. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars, and devices. The Medical segment refers to the medical device business. The company was founded by William Joseph McGinley in 1946 and is headquartered in Chicago, IL.

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MarketRank

Overall MarketRank

2.34 out of 5 stars

Computer And Technology Sector

206th out of 858 stocks

Electronic Connectors Industry

3rd out of 3 stocks

Analyst Opinion: 2.0Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
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Methode Electronics (NYSE:MEI) Frequently Asked Questions

Is Methode Electronics a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Methode Electronics stock. 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 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 "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Methode Electronics wasn't one of them. MarketBeat thinks these five companies 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 Thursday, December 2nd 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, September, 1st. The electronics maker reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. The electronics maker earned $287.80 million during the quarter. Methode Electronics had a net margin of 11.03% and a trailing twelve-month return on equity of 15.22%.
View Methode Electronics' earnings history
.

How has Methode Electronics' stock price been impacted by Coronavirus?

Methode Electronics' stock was trading at $27.75 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MEI stock has increased by 55.3% and is now trading at $43.09.
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 declared a quarterly dividend on Wednesday, September 15th. Investors of record on Friday, October 15th will be given a dividend of $0.14 per share on Friday, October 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, October 14th.
View Methode Electronics' dividend history
.

Is Methode Electronics a good dividend stock?

Methode Electronics pays an annual dividend of $0.56 per share and currently has a dividend yield of 1.30%. The dividend payout ratio of Methode Electronics is 16.72%. This payout ratio is at a healthy, sustainable level, below 75%.
View Methode Electronics' dividend history.

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

Methode Electronics updated its FY 2022 earnings guidance on Thursday, September, 16th. The company provided earnings per share guidance of $3.350-$3.750 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.570. The company issued revenue guidance of $1.18 billion-$1.24 billion, compared to the consensus revenue estimate of $1.21 billion.

What price target have analysts set for MEI?

1 brokers have issued 12 month price targets for Methode Electronics' stock. Their forecasts range from $47.97 to $47.97. On average, they anticipate Methode Electronics' stock price to reach $47.97 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price.
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:
  • Donald W. Duda, President, Chief Executive Officer & Director
  • Joseph Elias Khoury, Chief Operating Officer
  • Ronald L. G. Tsoumas, Chief Financial Officer & VP-Corporate Finance
  • Timothy R. Glandon, Vice President
  • Anil V. Shetty, President-Dabir Surfaces & Vice President

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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.84%), Vanguard Group Inc. (10.46%), Dimensional Fund Advisors LP (5.28%), FMR LLC (4.82%), LSV Asset Management (4.75%) and State Street Corp (3.40%). Company insiders that own Methode Electronics 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 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 Invesco Ltd., Deprince Race & Zollo Inc., BlackRock Inc., Bank of America Corp DE, Comerica Bank, Silvercrest Asset Management Group LLC, ClariVest Asset Management LLC, and Morgan Stanley. Company insiders that have sold Methode Electronics company stock in the last year include Amit N Patel, 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 bought by a variety of institutional investors in the last quarter, including FMR LLC, Fort Washington Investment Advisors Inc. OH, Systematic Financial Management LP, Vanguard Group Inc., State Street Corp, Dimensional Fund Advisors LP, Nuveen Asset Management LLC, and First Trust Advisors LP.
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 $43.09.

How much money does Methode Electronics make?

Methode Electronics has a market capitalization of $1.64 billion and generates $1.09 billion in revenue each year. The electronics maker earns $122.30 million in net income (profit) each year or $3.35 on an earnings per share basis.

How many employees does Methode Electronics have?

Methode Electronics employs 6,044 workers across the globe.

Does Methode Electronics have any subsidiaries?

The following companies are subsidiares of Methode Electronics: Grakon.

When was Methode Electronics founded?

Methode Electronics was founded in 1946.

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 9/17/2021 by MarketBeat.com Staff
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