Methode Electronics Stock Forecast, Price & News

+0.40 (+0.84 %)
(As of 08/2/2021 10:39 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume330 shs
Average Volume192,410 shs
Market Capitalization$1.85 billion
P/E Ratio15.12
Dividend Yield1.17%
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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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Overall MarketRank

2.68 out of 5 stars

Computer And Technology Sector

69th out of 1,646 stocks

Electronic Connectors Industry

1st out of 4 stocks

Analyst Opinion: 1.0Community Rank: 4.3Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 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 equities research 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 equities research 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.

When is Methode Electronics' next earnings date?

Methode Electronics is scheduled to release its next quarterly earnings announcement on Thursday, September 2nd 2021.
View our earnings forecast for Methode Electronics

How were Methode Electronics' earnings last quarter?

Methode Electronics, Inc. (NYSE:MEI) issued its quarterly earnings results on Wednesday, June, 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.71 by $0.10. The electronics maker earned $301 million during the quarter, compared to analyst estimates of $280.06 million. Methode Electronics had a trailing twelve-month return on equity of 14.78% and a net margin of 11.24%. The firm's quarterly revenue was up 42.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS.
View Methode Electronics' earnings history

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. Since then, MEI stock has increased by 73.8% and is now trading at $48.23.
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, June 17th. Investors of record on Friday, July 16th will be paid a dividend of $0.14 per share on Friday, July 30th. This represents a $0.56 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, July 15th. This is an increase from Methode Electronics's previous quarterly dividend of $0.11.
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 1.17%. Methode Electronics does not yet have a strong track record of dividend growth. The dividend payout ratio of Methode Electronics is 16.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Methode Electronics will have a dividend payout ratio of 14.07% next year. This indicates that Methode Electronics will be able to sustain or increase its dividend.
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, July, 22nd. The company provided EPS guidance of $3.350-$3.750 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.130. The company issued revenue guidance of $1.18 billion-$1.24 billion, compared to the consensus revenue estimate of $1.07 billion.

What price target have analysts set for MEI?

1 equities research analysts have issued 12-month target prices for Methode Electronics' shares. Their forecasts range from $47.97 to $47.97. On average, they expect Methode Electronics' stock price to reach $47.97 in the next year. This suggests that the stock has a possible downside of 0.5%.
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)
  • 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
  • Ms. Kristine Walczak, VP of Corp. Communications
  • Mr. Mark Shermetaro, VP of Corp. Devel.
  • Ms. Andrea Jean Barry, Chief HR Officer (Age 58)

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 investors include Alliancebernstein L.P. (0.15%), Chartwell Investment Partners LLC (0.13%), State of Alaska Department of Revenue (0.07%), QV Investors Inc. (0.05%), Exchange Traded Concepts LLC (0.03%) and Tuttle Tactical Management (0.01%). Company insiders that own Methode Electronics stock include Amit N Patel, 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 major investors are selling Methode Electronics stock?

MEI stock was sold by a variety of institutional investors in the last quarter, including Zurcher Kantonalbank Zurich Cantonalbank , Exchange Traded Concepts LLC, and Chartwell Investment Partners 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 QV Investors Inc., Tuttle Tactical Management, Alliancebernstein L.P., and State of Alaska Department of Revenue. 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 $48.23.

How much money does Methode Electronics make?

Methode Electronics has a market capitalization of $1.85 billion and generates $1.09 billion in revenue each year. The electronics maker earns $122.30 million in net income (profit) each year or $3.35 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: 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 8/2/2021 by MarketBeat.com Staff
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