Methode Electronics - MEI Stock Forecast, Price & News

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.