S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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NYSE:MEI

Methode Electronics Stock Forecast, Price & News

$42.76
+0.98 (+2.35 %)
(As of 01/22/2021 12:00 AM ET)
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Today's Range
$41.16
Now: $42.76
$42.77
50-Day Range
$36.92
MA: $38.91
$42.41
52-Week Range
$21.76
Now: $42.76
$42.79
Volume175,700 shs
Average Volume177,286 shs
Market Capitalization$1.60 billion
P/E Ratio12.47
Dividend Yield1.03%
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

MarketRank

Overall MarketRank

1.99 out of 5 stars

Computer And Technology Sector

78th out of 1,509 stocks

Electronic Connectors Industry

1st out of 4 stocks

Analyst Opinion: 1.2Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Electronic connectors
Sub-IndustryElectronic Manufacturing Services
CUSIP59152020
Phone708-867-6777
Employees6,044

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.02 billion
Cash Flow$4.49 per share
Book Value$20.38 per share

Profitability

Net Income$123.40 million

Miscellaneous

Market Cap$1.60 billion
Next Earnings Date3/4/2021 (Estimated)
OptionableOptionable
$42.76
+0.98 (+2.35 %)
(As of 01/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Methode Electronics (NYSE:MEI) Frequently Asked Questions

How has Methode Electronics' stock price 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 (WHO). Since then, MEI stock has increased by 54.1% and is now trading at $42.76.
View which stocks have been most impacted by COVID-19
.

Is Methode Electronics a buy right now?

3 Wall Street 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 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 MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Methode Electronics?

Wall Street analysts have given Methode Electronics a "Hold" 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 Thursday, March 4th 2021.
View our earnings forecast for Methode Electronics
.

How were Methode Electronics' earnings last quarter?

Methode Electronics, Inc. (NYSE:MEI) issued its earnings results on Wednesday, December, 2nd. The electronics maker reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.80 by $0.23. The electronics maker had revenue of $300.80 million for the quarter, compared to the consensus estimate of $276.58 million. Methode Electronics had a trailing twelve-month return on equity of 16.19% and a net margin of 13.22%. The firm's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share.
View Methode Electronics' earnings history
.

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

Methode Electronics announced a quarterly dividend on Tuesday, December 15th. Shareholders of record on Friday, January 15th will be given a dividend of $0.11 per share on Friday, January 29th. This represents a $0.44 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, January 14th.
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 1.03%. 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 third quarter earnings guidance on Thursday, December, 3rd. The company provided earnings per share (EPS) guidance of $0.69-0.85 for the period, compared to the Thomson Reuters consensus estimate of $0.78. The company issued revenue guidance of $265-285 million, compared to the consensus revenue estimate of $271.44 million.

What price target have analysts set for MEI?

3 brokers have issued twelve-month price objectives for Methode Electronics' shares. Their forecasts range from $24.00 to $40.00. On average, they expect Methode Electronics' stock price to reach $32.67 in the next twelve months. This suggests that the stock has a possible downside of 23.6%.
View analysts' price targets for Methode Electronics
or view Wall Street analyst' top-rated stocks.

Are investors shorting Methode Electronics?

Methode Electronics saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 397,400 shares, an increase of 18.3% from the December 15th total of 335,900 shares. Based on an average trading volume of 215,200 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.1% of the shares of the company are short sold.
View Methode Electronics' Short Interest
.

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).

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)

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 institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (1.20%), State of Alaska Department of Revenue (0.08%), Mission Wealth Management LP (0.03%) and Exchange Traded Concepts LLC (0.02%). Company insiders that own Methode Electronics stock include Amit N Patel, Anil Shetty, Bruce K Crowther, Joseph Elias Khoury, Lawrence B Skatoff and Ronald LG Tsoumas.
View institutional ownership trends for Methode Electronics
.

Which major investors are selling Methode Electronics stock?

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

Which major investors are buying Methode Electronics stock?

MEI stock was acquired by a variety of institutional investors in the last quarter, including Mission Wealth Management LP, and Exchange Traded Concepts LLC. Company insiders that have bought Methode Electronics stock in the last two years include Amit N Patel, and Bruce K Crowther.
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.

What is Methode Electronics' stock price today?

One share of MEI stock can currently be purchased for approximately $42.76.

How big of a company is Methode Electronics?

Methode Electronics has a market capitalization of $1.60 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.

What is Methode Electronics' official website?

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

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 1/25/2021 by MarketBeat.com Staff

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