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NYSE:MEI

Methode Electronics - MEI Stock Forecast, Price & News

$46.78
-0.19 (-0.40%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$46.62
$47.15
50-Day Range
$43.62
$50.23
52-Week Range
$33.91
$50.39
Volume
74,100 shs
Average Volume
88,650 shs
Market Capitalization
$1.69 billion
P/E Ratio
18.42
Dividend Yield
1.19%
Price Target
$47.00

Methode Electronics MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
0.5% Upside
$47.00 Price Target
Short Interest
Healthy
1.52% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.16mentions of Methode Electronics in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$2.29 M Sold Last Quarter
Proj. Earnings Growth
15.69%
From $2.74 to $3.17 Per Share

Overall MarketRank

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

2.29 out of 5 stars

Computer And Technology Sector

228th out of 631 stocks

Electronic Connectors Industry

3rd out of 3 stocks


MEI stock logo

About Methode Electronics (NYSE:MEI) Stock

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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MEI Stock News Headlines

The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Methode Electronics, Inc.
Methode Electronics Soared Too Fast
Methode Electronics PT Raised to $51 at Baird
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
MEI Methode Electronics, Inc.
Methode Electronics: Margins Need To Improve In Q2
Methode Electronics earnings preview: what Wall Street is expecting
Methode Electronics, Inc. (MEI)
See More Headlines
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MEI Company Calendar

Last Earnings
12/01/2022
Ex-Dividend for 1/27 Dividend
1/12/2023
Dividend Payable
1/27/2023
Today
1/31/2023
Next Earnings (Estimated)
3/02/2023
Fiscal Year End
4/30/2023

Industry, Sector and Symbol

Industry
Electronic connectors
Sub-Industry
Electronic Manufacturing Services
CUSIP
59152020
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
+0.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$102.20 million
Pretax Margin
9.33%

Debt

Sales & Book Value

Annual Sales
$1.16 billion
Cash Flow
$4.06 per share
Book Value
$23.87 per share

Miscellaneous

Free Float
34,468,000
Market Cap
$1.69 billion
Optionable
Optionable
Beta
1.13

Social Links


Key Executives

  • Donald W. DudaDonald W. Duda
    President, Chief Executive Officer & Director
  • Joseph Elias KhouryJoseph Elias Khoury
    Chief Operating Officer
  • Ronald L. G. TsoumasRonald L. G. Tsoumas
    Chief Financial Officer & VP-Corporate Finance
  • Timothy R. Glandon
    Vice President
  • Anil V. Shetty
    President-Dabir Surfaces & Vice President













MEI Stock - Frequently Asked Questions

Should I buy or sell Methode Electronics stock 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" 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 Wall Street research analysts have issued 12-month target prices for Methode Electronics' stock. Their MEI share price forecasts range from $42.00 to $52.00. On average, they predict the company's share price to reach $47.00 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price.
View analysts price targets for MEI
or view top-rated stocks among Wall Street analysts.

How have MEI shares performed in 2023?

Methode Electronics' stock was trading at $44.37 at the beginning of 2023. Since then, MEI stock has increased by 5.4% and is now trading at $46.78.
View the best growth stocks for 2023 here
.

Are investors shorting Methode Electronics?

Methode Electronics saw a drop in short interest in December. As of December 15th, there was short interest totaling 477,800 shares, a drop of 19.3% from the November 30th total of 592,200 shares. Based on an average daily trading volume, of 147,300 shares, the short-interest ratio is presently 3.2 days. Approximately 1.4% of the company's stock are sold short.
View Methode Electronics' Short Interest
.

When is Methode Electronics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our MEI earnings forecast
.

How were Methode Electronics' earnings last quarter?

Methode Electronics, Inc. (NYSE:MEI) posted its quarterly earnings data on Thursday, December, 1st. The electronics maker reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. The electronics maker had revenue of $315.90 million for the quarter, compared to analysts' expectations of $295 million. Methode Electronics had a trailing twelve-month return on equity of 10.46% and a net margin of 8.03%.

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

Methode Electronics declared a quarterly dividend on Thursday, December 15th. Investors of record on Friday, January 13th will be paid a dividend of $0.14 per share on Friday, January 27th. This represents a $0.56 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, January 12th.
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 1.20%. 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 17.67% 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 Saturday, December, 31st. The company provided earnings per share guidance of $2.70-$2.90 for the period, compared to the consensus earnings per share 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 investors include New York State Common Retirement Fund (1.25%), Wedge Capital Management L L P NC (0.43%), Allspring Global Investments Holdings LLC (0.42%), Bridge City Capital LLC (0.30%), Seizert Capital Partners LLC (0.25%) and New York State Teachers Retirement System (0.24%). Insiders that own company stock include Amit N Patel, Anil Shetty, Brian J Cadwallader, Darren Dawson, Donald W Duda, Joseph Elias Khoury, Lawrence B Skatoff, Ronald LG Tsoumas, Timothy Glandon and Walter J Aspatore.
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 $46.78.

How much money does Methode Electronics make?

Methode Electronics (NYSE:MEI) has a market capitalization of $1.69 billion and generates $1.18 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 1/31/2023 by MarketBeat.com Staff