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NYSE:MEI

Methode Electronics - MEI Stock Forecast, Price & News

$42.69
-0.47 (-1.09%)
(As of 08/19/2022 01:56 PM ET)
Add
Compare
Today's Range
$42.33
$42.88
50-Day Range
$34.49
$44.32
52-Week Range
$33.91
$49.94
Volume
3,122 shs
Average Volume
127,256 shs
Market Capitalization
$1.64 billion
P/E Ratio
15.87
Dividend Yield
1.31%
Price Target
$42.00

Methode Electronics MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.9% Downside
$42.00 Price Target
Short Interest
Healthy
2.47% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of Methode Electronics in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$308,400 Sold Last Quarter
Proj. Earnings Growth
26.04%
From $2.88 to $3.63 Per Share

Overall MarketRank

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

1.92 out of 5 stars

Computer And Technology Sector

498th out of 660 stocks

Electronic Connectors Industry

3rd out of 3 stocks

MEI stock logo

About Methode Electronics (NYSE:MEI) Stock

Methode Electronics, Inc. designs, engineers, and produces mechatronic products 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 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, cloud computing, commercial vehicles, industrial, military, power conversion, and transportation. The Interface segment provides various copper-based transceivers and related accessories for the cloud computing hardware equipment and telecommunications broadband equipment markets; user interface solutions for the appliance, commercial food service, and point-of-sale equipment markets; and fluid-level sensors for the marine/recreational vehicle and sump pump markets. 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. Methode Electronics, Inc. was incorporated in 1946 and is headquartered in Chicago, Illinois.

Methode Electronics Trading Up 0.9 %

Shares of NYSE:MEI traded up $0.38 during midday trading on Thursday, hitting $43.16. The stock had a trading volume of 175,710 shares, compared to its average volume of 193,242. The firm has a market cap of $1.65 billion, a P/E ratio of 16.04 and a beta of 1.15. Methode Electronics has a fifty-two week low of $33.91 and a fifty-two week high of $49.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 2.49. The company's 50-day simple moving average is $38.96 and its 200 day simple moving average is $42.40.

Methode Electronics (NYSE:MEI - Get Rating) last announced its quarterly earnings data on Thursday, June 23rd. The electronics maker reported $0.43 EPS for the quarter, hitting analysts' consensus estimates of $0.43. Methode Electronics had a return on equity of 11.15% and a net margin of 8.78%. The firm had revenue of $288.70 million during the quarter, compared to analyst estimates of $289.10 million. Research analysts anticipate that Methode Electronics will post 2.88 EPS for the current year.

Methode Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $0.56 annualized dividend and a yield of 1.30%. Methode Electronics's dividend payout ratio is currently 20.82%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MEI. StockNews.com lowered Methode Electronics from a "buy" rating to a "hold" rating in a research note on Wednesday, June 15th. Robert W. Baird dropped their target price on shares of Methode Electronics from $46.00 to $42.00 and set a "neutral" rating for the company in a research note on Wednesday, June 15th.

Insider Buying and Selling at Methode Electronics

In related news, COO Joseph Elias Khoury sold 8,000 shares of Methode Electronics stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $38.55, for a total transaction of $308,400.00. Following the completion of the sale, the chief operating officer now directly owns 396,420 shares of the company's stock, valued at $15,281,991. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 4.50% of the company's stock.

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MEI Stock News Headlines

Methode Electronics, Inc. (MEI)
Methode Electronics declares $0.14 dividend
See More Headlines
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MEI Company Calendar

Last Earnings
6/23/2022
Ex-Dividend for 7/29 Dividend
7/14/2022
Dividend Payable
7/29/2022
Today
8/19/2022
Next Earnings (Confirmed)
9/01/2022
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
$42.00
High Stock Price Forecast
$42.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
-1.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$102.20 million
Pretax Margin
10.18%

Debt

Sales & Book Value

Annual Sales
$1.16 billion
Cash Flow
$4.07 per share
Book Value
$23.87 per share

Miscellaneous

Free Float
36,580,000
Market Cap
$1.64 billion
Optionable
Optionable
Beta
1.15

Social Links


Key Executives

  • Mr. Donald W. DudaMr. Donald W. Duda (Age 67)
    Pres, CEO & Director
    Comp: $2.73M
  • Mr. Ronald L.G. Tsoumas (Age 61)
    VP of Corp. Fin. & CFO
    Comp: $1M
  • Mr. Joseph E. KhouryMr. Joseph E. Khoury (Age 58)
    Chief Operating Officer
    Comp: $1.27M
  • Ms. Andrea Jean Barry (Age 59)
    Chief Admin. Officer
    Comp: $708.38k
  • Mr. Kevin Michael Martin (Age 56)
    VP of North America
    Comp: $837.35k
  • Mr. Amit N. PatelMr. 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.
  • Mr. Anil V. Shetty (Age 56)
    Pres of Dabir Surfaces, Inc.













MEI Stock - Frequently Asked Questions

Should I buy or sell Methode Electronics stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last twelve months. There are currently 2 hold ratings 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 2022?

2 brokers have issued twelve-month price objectives for Methode Electronics' shares. Their MEI share price forecasts range from $42.00 to $42.00. On average, they predict the company's share price to reach $42.00 in the next year. This suggests that the stock has a possible downside of 2.7%.
View analysts price targets for MEI
or view top-rated stocks among Wall Street analysts.

How have MEI shares performed in 2022?

Methode Electronics' stock was trading at $49.17 at the start of the year. Since then, MEI stock has decreased by 12.2% and is now trading at $43.16.
View the best growth stocks for 2022 here
.

When is Methode Electronics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our MEI earnings forecast
.

How were Methode Electronics' earnings last quarter?

Methode Electronics, Inc. (NYSE:MEI) posted its quarterly earnings data on Thursday, June, 23rd. The electronics maker reported $0.43 earnings per share for the quarter, meeting analysts' consensus estimates of $0.43. The electronics maker earned $288.70 million during the quarter, compared to analyst estimates of $289.10 million. Methode Electronics had a trailing twelve-month return on equity of 11.15% and a net margin of 8.78%.

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

Methode Electronics announced a quarterly dividend on Thursday, June 16th. Shareholders of record on Friday, July 15th will be given a dividend of $0.14 per share on Friday, July 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, July 14th.
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 1.31%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEI will have a dividend payout ratio of 15.43% 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 Wednesday, July, 20th. The company provided earnings per share guidance of $2.70-$3.10 for the period, compared to the consensus earnings per share estimate of $3.06. The company issued revenue guidance of $1.16 billion-$1.21 billion, compared to the consensus revenue estimate of $1.19 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 investors include Massachusetts Financial Services Co. MA (5.85%), FMR LLC (5.46%), State Street Corp (3.56%), William Blair Investment Management LLC (2.74%), Polaris Capital Management LLC (1.75%) and Northern Trust Corp (1.21%). Insiders that own company 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
.

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 $43.16.

How much money does Methode Electronics make?

Methode Electronics (NYSE:MEI) has a market capitalization of $1.65 billion and generates $1.16 billion in revenue each year. The electronics maker earns $102.20 million in net income (profit) each year or $2.69 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
When was Methode Electronics founded?

Methode Electronics was founded in 1946.

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 8/19/2022 by MarketBeat.com Staff

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