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NYSE:MEI

Methode Electronics Stock Forecast, Price & News

$46.05
+0.82 (+1.81%)
(As of 12/6/2021 01:32 PM ET)
Add
Compare
Today's Range
$45.06
$46.13
50-Day Range
$41.17
$48.47
52-Week Range
$36.13
$50.19
Volume
6,398 shs
Average Volume
187,724 shs
Market Capitalization
$1.76 billion
P/E Ratio
14.76
Dividend Yield
1.24%
Beta
1.19
30 days | 90 days | 365 days | Advanced Chart
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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.

Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Electronic connectors
Sub-Industry
Electronic Manufacturing Services
CUSIP
59152020
Employees
7,200
Year Founded
1946

Sales & Book Value

Annual Sales
$1.09 billion
Cash Flow
$4.93 per share
Book Value
$24.09 per share

Profitability

Net Income
$122.30 million
Pretax Margin
11.94%

Debt

Price-To-Earnings

Miscellaneous

Free Float
36,530,000
Market Cap
$1.76 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
10/14/2021
Dividend Payable
10/29/2021
Last Earnings
12/02/2021
Today
12/06/2021
Next Earnings (Estimated)
3/03/2022
Fiscal Year End
4/30/2022

Social Links


MarketRank

Overall MarketRank

2.14 out of 5 stars

Computer And Technology Sector

383rd out of 894 stocks

Electronic Connectors Industry

3rd out of 3 stocks

Analyst Opinion: 1.0Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












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.

How has Methode Electronics' stock 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 65.9% and is now trading at $46.05.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Methode Electronics?

Methode Electronics saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 660,600 shares, a drop of 21.2% from the October 31st total of 838,100 shares. Based on an average daily trading volume, of 196,800 shares, the short-interest ratio is presently 3.4 days. Currently, 1.8% of the company's shares are sold short.
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, March 3rd 2022.
View our earnings forecast for Methode Electronics
.

How were Methode Electronics' earnings last quarter?

Methode Electronics, Inc. (NYSE:MEI) posted its quarterly earnings results on Thursday, December, 2nd. The electronics maker reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.03. Methode Electronics had a trailing twelve-month return on equity of 13.04% and a net margin of 10.14%. During the same quarter in the previous year, the business earned $1.17 EPS.
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 Wednesday, September 15th. Stockholders 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 dividend yield of 1.22%. The ex-dividend date 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 1.24%. Methode Electronics does not yet have a strong track record of dividend growth. The dividend payout ratio of Methode Electronics is 17.95%. 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, December, 2nd. The company provided earnings per share (EPS) guidance of $3.000-$3.200 for the period, compared to the Thomson Reuters consensus estimate of $3.150. The company issued revenue guidance of $1.14 billion-$1.16 billion, compared to the consensus revenue estimate of $1.14 billion.

What price target have analysts set for MEI?

1 Wall Street analysts have issued 12-month price targets for Methode Electronics' stock. Their forecasts range from $47.97 to $47.97. On average, they expect Methode Electronics' share price to reach $47.97 in the next year. This suggests a possible upside of 4.2% 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

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (15.74%), Dimensional Fund Advisors LP (5.33%), LSV Asset Management (4.44%), Massachusetts Financial Services Co. MA (3.29%), William Blair Investment Management LLC (3.03%) and Neumeier Poma Investment Counsel LLC (1.94%). 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 major investors are selling Methode Electronics stock?

MEI stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Arrowstreet Capital Limited Partnership, Phocas Financial Corp., LSV Asset Management, Goldman Sachs Group Inc., Geode Capital Management LLC, Denali Advisors LLC, and Bridge City Capital LLC. 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 major investors are buying Methode Electronics stock?

MEI stock was bought by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Deprince Race & Zollo Inc., Millennium Management LLC, Assenagon Asset Management S.A., Russell Investments Group Ltd., Nordea Investment Management AB, DC Investments Management LLC, and Morgan Stanley.
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 $46.05.

How much money does Methode Electronics make?

Methode Electronics has a market capitalization of $1.76 billion and generates $1.09 billion in revenue each year. The electronics maker earns $122.30 million in net income (profit) each year or $3.12 on an earnings per share basis.

How many employees does Methode Electronics have?

Methode Electronics employs 7,200 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 and Decoration, Advanced Molding and Decoration S.A. de C.V., Automotive Safety Technologies, BMAC Limited, Cableco Technologies, Dabir Surfaces Inc., Floduval S.A., Grakon, 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 Parent Inc., Grakon Vehicle Components (Donggaun) Co. Ltd., Hetronic, Hetronic International Inc., Hetronic Italy S.R.L., 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 (Shanghai) Co. Ltd., Methode Electronics (Suzhou) Co. Ltd., 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 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 S.A., Samaya Electronics Egypt Ltd., TouchSensor Technologies, TouchSensor Technologies L.L.C., Translec Limited, Tribotek, Universal Resources de Mexico S.A. de C.V., and Value Engineered Products.

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, via email at [email protected], or via fax at 708-867-6999.


This page was last updated on 12/6/2021 by MarketBeat.com Staff

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