NYSE:MEI

Methode Electronics Stock Forecast, Price & News

$48.92
+0.16 (+0.33 %)
(As of 06/15/2021 12:00 AM ET)
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Today's Range
$48.43
$49.11
50-Day Range
$43.45
$49.61
52-Week Range
$23.97
$49.67
Volume114,794 shs
Average Volume197,954 shs
Market Capitalization$1.88 billion
P/E Ratio15.43
Dividend Yield0.90%
Beta1.27
30 days | 90 days | 365 days | Advanced Chart
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Methode Electronics logo

About Methode Electronics

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.

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MarketRank

Overall MarketRank

1.95 out of 5 stars

Computer And Technology Sector

119th out of 1,588 stocks

Electronic Connectors Industry

1st out of 4 stocks

Analyst Opinion: 1.0Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 3.1 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 year. 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.

Are investors shorting Methode Electronics?

Methode Electronics saw a decrease in short interest in the month of May. As of May 28th, there was short interest totaling 571,200 shares, a decrease of 22.7% from the May 13th total of 738,700 shares. Based on an average trading volume of 203,800 shares, the short-interest ratio is presently 2.8 days. Currently, 1.6% of the company's stock are short sold.
View Methode Electronics' Short Interest
.

When is Methode Electronics' next earnings date?

Methode Electronics is scheduled to release its next quarterly earnings announcement on Thursday, June 24th 2021.
View our earnings forecast for Methode Electronics
.

How can I listen to Methode Electronics' earnings call?

Methode Electronics will be holding an earnings conference call on Thursday, June 24th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Methode Electronics' earnings last quarter?

Methode Electronics, Inc. (NYSE:MEI) posted its quarterly earnings results on Wednesday, March, 3rd. The electronics maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.79 by $0.04. The electronics maker had revenue of $295.30 million for the quarter, compared to the consensus estimate of $277.72 million. Methode Electronics had a trailing twelve-month return on equity of 14.69% and a net margin of 12.16%. The company's revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share.
View Methode Electronics' earnings history
.

How has Methode Electronics' stock price been impacted by Coronavirus (COVID-19)?

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 76.3% and is now trading at $48.92.
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 announced a quarterly dividend on Thursday, March 18th. Shareholders of record on Friday, April 16th will be given a dividend of $0.11 per share on Friday, April 30th. This represents a $0.44 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, April 15th.
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 0.90%. Methode Electronics does not yet have a strong 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 12.75% next year. This indicates that Methode Electronics will be able to sustain or increase its dividend.
View Methode Electronics' dividend history.

What price target have analysts set for MEI?

1 Wall Street analysts have issued 1-year price objectives for Methode Electronics' stock. Their forecasts range from $34.00 to $34.00. On average, they expect Methode Electronics' stock price to reach $34.00 in the next year. This suggests that the stock has a possible downside of 30.5%.
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:
  • 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) (LinkedIn Profile)
  • 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 (LinkedIn Profile)
  • Ms. Kristine Walczak, VP of Corp. Communications
  • Mr. Mark Shermetaro, VP of Corp. Devel.
  • Ms. Andrea Jean Barry, Chief HR Officer (Age 58) (LinkedIn Profile)

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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.10%), Dimensional Fund Advisors LP (5.15%), LSV Asset Management (4.75%), Massachusetts Financial Services Co. MA (3.08%), Investment Counselors of Maryland LLC (2.84%) and Geode Capital Management LLC (1.67%). Company insiders that own Methode Electronics stock include Anil Shetty, Bruce K Crowther, 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 Royce & Associates LP, Clark Capital Management Group Inc., Allianz Asset Management GmbH, Northern Trust Corp, JPMorgan Chase & Co., Wedge Capital Management L L P NC, Dimensional Fund Advisors LP, and Nuveen Asset Management LLC. Company insiders that have sold Methode Electronics company stock in the last year include 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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Deprince Race & Zollo Inc., NFJ Investment Group LLC, Putnam Investments LLC, Geode Capital Management LLC, Heartland Advisors Inc., Assenagon Asset Management S.A., and Polaris Capital Management LLC. Company insiders that have bought Methode Electronics stock in the last two years include Bruce K Crowther, and Timothy Glandon.
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 $48.92.

How much money does Methode Electronics make?

Methode Electronics has a market capitalization of $1.88 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.

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 6/16/2021 by MarketBeat.com Staff
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