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NYSE:MEI

Methode Electronics - MEI Stock Forecast, Price & News

$42.15
+0.75 (+1.81%)
(As of 03/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$41.65
$42.19
50-Day Range
$40.92
$50.45
52-Week Range
$33.91
$51.38
Volume
313,639 shs
Average Volume
151,535 shs
Market Capitalization
$1.52 billion
P/E Ratio
18.33
Dividend Yield
1.33%
Price Target
$50.50

Methode Electronics MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
19.8% Upside
$50.50 Price Target
Short Interest
Bearish
2.74% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.73mentions of Methode Electronics in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.79%
From $2.53 to $2.55 Per Share

Overall MarketRank

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

2.12 out of 5 stars

Computer And Technology Sector

355th out of 614 stocks

Electronic Connectors Industry

2nd 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

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There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
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There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Q3 2023 Methode Electronics Inc Earnings Call
Methode Electronics FQ3 2023 Earnings Preview
Methode Electronics, Inc.
Methode Electronics Soared Too Fast
Methode Electronics PT Raised to $51 at Baird
See More Headlines
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MEI Company Calendar

Last Earnings
12/02/2021
Ex-Dividend for 1/27 Dividend
1/12/2023
Dividend Payable
1/27/2023
Today
3/27/2023
Ex-Dividend for 4/28 Dividend
4/13/2023
Dividend Payable
4/28/2023
Fiscal Year End
4/30/2023
Next Earnings (Estimated)
6/22/2023

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
$50.50
High Stock Price Forecast
$52.00
Low Stock Price Forecast
$49.00
Forecasted Upside/Downside
+19.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$102.20 million
Pretax Margin
8.53%

Debt

Sales & Book Value

Annual Sales
$1.16 billion
Cash Flow
$4.15 per share
Book Value
$26.19 per share

Miscellaneous

Free Float
34,367,000
Market Cap
$1.52 billion
Optionable
Optionable
Beta
1.14

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 equities research 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 equities research 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 1-year price objectives for Methode Electronics' stock. Their MEI share price forecasts range from $49.00 to $52.00. On average, they expect the company's stock price to reach $50.50 in the next twelve months. This suggests a possible upside of 19.9% 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 the year. Since then, MEI shares have decreased by 5.1% and is now trading at $42.12.
View the best growth stocks for 2023 here
.

Are investors shorting Methode Electronics?

Methode Electronics saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 939,500 shares, an increase of 56.2% from the February 28th total of 601,400 shares. Based on an average trading volume of 144,200 shares, the days-to-cover ratio is presently 6.5 days. Approximately 2.7% of the shares of the company are short sold.
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, June 22nd 2023.
View our MEI earnings forecast
.

How were Methode Electronics' earnings last quarter?

Methode Electronics, Inc. (NYSE:MEI) announced its quarterly earnings data on Thursday, December, 2nd. The electronics maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. The electronics maker earned $295.50 million during the quarter. Methode Electronics had a trailing twelve-month return on equity of 9.29% and a net margin of 7.30%. During the same period last year, the company posted $1.17 earnings per share.

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

Methode Electronics declared a quarterly dividend on Thursday, March 16th. Shareholders of record on Friday, April 14th will be given a dividend of $0.14 per share on Friday, April 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, April 13th.
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 1.35%. The dividend payout ratio is 24.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEI will have a dividend payout ratio of 21.96% 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 issued an update on its FY 2023 earnings guidance on Thursday, March, 9th. The company provided earnings per share guidance of $2.50-$2.60 for the period, compared to the consensus earnings per share estimate of $2.78. The company issued revenue guidance of $1.16 billion-$1.18 billion, compared to the consensus revenue estimate of $1.20 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 retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.20%), Earnest Partners LLC (5.71%), William Blair Investment Management LLC (2.84%), LSV Asset Management (2.68%), Geode Capital Management LLC (1.85%) and Systematic Financial Management LP (1.52%). 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 $42.12.

How much money does Methode Electronics make?

Methode Electronics (NYSE:MEI) has a market capitalization of $1.52 billion and generates $1.16 billion in revenue each year. The electronics maker earns $102.20 million in net income (profit) each year or $2.30 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, M 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 U.K. Ltd., Methode Mexico S.A. de C.V., Methode Surface Treatment (Zhenjiang) Co. Ltd., Optokon, Pacific Insight, Pacific Insight Electronics, 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 Universal Resources de Mexico S.A. de C.V., Tribotech, 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 3/27/2023 by MarketBeat.com Staff