NYSE:MEIMethode Electronics Stock Price, Forecast & News

Methode Electronics' stock was trading at $27.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MEI shares have increased by 12.6% and is now trading at $31.26. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Methode Electronics.

Methode Electronics is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Methode Electronics.

Methode Electronics Inc. (NYSE:MEI) announced its earnings results on Tuesday, June, 30th. The electronics maker reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.03. The electronics maker earned $210.60 million during the quarter, compared to the consensus estimate of $209.05 million. Methode Electronics had a return on equity of 15.86% and a net margin of 10.74%. The firm's quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. View Methode Electronics' earnings history.

Methode Electronics declared a quarterly dividend on Thursday, June 18th. Shareholders of record on Friday, July 17th will be given a dividend of $0.11 per share on Friday, July 31st. This represents a $0.44 annualized dividend and a yield of 1.41%. The ex-dividend date is Thursday, July 16th. View Methode Electronics' dividend history.

Methode Electronics issued an update on its FY 2020 After-Hours earnings guidance on Thursday, May, 28th. The company provided EPS guidance of 3.22-3.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.01. The company issued revenue guidance of $1.02-1.02 billion, compared to the consensus revenue estimate of $1.05 billion.

3 analysts have issued 12-month price targets for Methode Electronics' shares. Their forecasts range from $24.00 to $40.00. On average, they anticipate Methode Electronics' share price to reach $34.33 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price. View analysts' price targets for Methode Electronics.

News coverage about MEI stock has been trending very negative on Thursday, according to InfoTrie. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Methode Electronics earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave media stories about the electronics maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about Methode Electronics.

Methode Electronics saw a drop in short interest in June. As of June 15th, there was short interest totaling 543,300 shares, a drop of 6.9% from the May 31st total of 583,600 shares. Based on an average daily trading volume, of 250,100 shares, the short-interest ratio is presently 2.2 days. Approximately 1.5% of the shares of the stock are short sold. View Methode Electronics' Current Options Chain.

Some companies that are related to Methode Electronics include Trimble (TRMB), IPG Photonics (IPGP), Jabil (JBL), Mercury Systems (MRCY), Fabrinet (FN), Plexus (PLXS), Sanmina (SANM), KEMET (KEM), TTM Technologies (TTMI), Benchmark Electronics (BHE), CTS (CTS), Park Electrochemical (PKE), Neonode (NEON) and Key Tronic (KTCC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Methode Electronics investors own include Intel (INTC), Cisco Systems (CSCO), Walt Disney (DIS), Nike (NKE), QUALCOMM (QCOM), Verizon Communications (VZ), Wells Fargo & Co (WFC), Pfizer (PFE), Applied Materials (AMAT) and Broadcom (AVGO).

Methode Electronics trades on the New York Stock Exchange (NYSE) under the ticker symbol "MEI."

Shares of MEI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MEI stock can currently be purchased for approximately $31.26.

Methode Electronics has a market capitalization of $1.16 billion and generates $1.00 billion in revenue each year. The electronics maker earns $91.60 million in net income (profit) each year or $2.96 on an earnings per share basis. Methode Electronics employs 6,187 workers across the globe.

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

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]