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NYSE:MEIMethode Electronics Stock Price, Forecast & News

$29.37
+0.58 (+2.01 %)
(As of 07/15/2020 02:52 PM ET)
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Compare
Today's Range
$28.90
Now: $29.37
$29.61
50-Day Range
$27.80
MA: $31.63
$37.22
52-Week Range
$21.76
Now: $29.37
$41.70
Volume90,880 shs
Average Volume232,394 shs
Market Capitalization$1.09 billion
P/E Ratio9.01
Dividend Yield1.56%
Beta1.3
Methode Electronics, Inc. designs, manufactures, and markets component and subsystem devices worldwide. The company operates through four segments: Automotive, Interface, Power Products, and Other. The Automotive segment offers 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 light-emitting diode based lighting sensors, which incorporate magneto-elastic sensing and other technologies that monitor the operation or status of a component or system. The Interface segment provides various 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 telecommunication markets. Its solutions consist of conductive polymers, industrial safety radio remote controls, optical and copper transceivers, and solid-state field-effect consumer touch panels; and services include the design and installation of fiber optic and copper infrastructure systems, and manufacturing active and passive optical components. The Power Products segment manufactures braided flexible cables, current-carrying laminated bus bars and devices, custom power-product assemblies, high-current low voltage flexible power cabling systems, and powder coated bus bars that are used in aerospace, computer, industrial and power conversion, military, telecommunication, and transportation markets and applications. The Other segment offers medical devices, inverters and battery systems, and insulated gate bipolar transistor solutions. Methode Electronics, Inc. was founded in 1946 and is headquartered in Chicago, Illinois.
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Methode Electronics logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.73 out of 5 stars


Industry, Sector and Symbol

Industry Electronic connectors
Sub-IndustryElectronic Manufacturing Services
CUSIP59152020
Phone708-867-6777

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.02 billion
Cash Flow$4.55 per share
Book Value$20.38 per share

Profitability

Net Income$123.40 million

Miscellaneous

Employees6,044
Market Cap$1.09 billion
Next Earnings Date9/3/2020 (Estimated)
OptionableOptionable

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Methode Electronics (NYSE:MEI) Frequently Asked Questions

How has Methode Electronics' stock been impacted by COVID-19 (Coronavirus)?

Methode Electronics' stock was trading at $27.75 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MEI stock has increased by 5.8% and is now trading at $29.37. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Methode Electronics?

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.

When is Methode Electronics' next earnings date?

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

How were Methode Electronics' earnings last quarter?

Methode Electronics Inc. (NYSE:MEI) posted its quarterly earnings results on Tuesday, June, 30th. The electronics maker reported $0.79 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.76 by $0.03. The electronics maker had revenue of $210.60 million for the quarter, compared to analysts' expectations of $209.05 million. Methode Electronics had a net margin of 12.05% and a return on equity of 15.62%. The firm's revenue was down 20.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 earnings per share. View Methode Electronics' earnings history.

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

Methode Electronics announced a quarterly dividend on Thursday, June 18th. Stockholders of record on Friday, July 17th will be paid a dividend of $0.11 per share on Friday, July 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, July 16th. View Methode Electronics' dividend history.

What guidance has Methode Electronics issued on next quarter's earnings?

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.

What price target have analysts set for MEI?

3 brokers have issued 1 year price objectives for Methode Electronics' shares. Their forecasts range from $24.00 to $40.00. On average, they expect Methode Electronics' share price to reach $34.33 in the next year. This suggests a possible upside of 16.9% from the stock's current price. View analysts' price targets for Methode Electronics.

Has Methode Electronics been receiving favorable news coverage?

News stories about MEI stock have been trending extremely negative recently, according to InfoTrie. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Methode Electronics earned a news sentiment score of -4.0 on InfoTrie's scale. They also gave media stories about the electronics maker a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the company's share price in the near future. View the latest news about Methode Electronics.

Are investors shorting Methode Electronics?

Methode Electronics saw a increase in short interest in June. As of June 30th, there was short interest totaling 683,400 shares, an increase of 25.8% from the June 15th total of 543,300 shares. Based on an average daily trading volume, of 227,800 shares, the days-to-cover ratio is currently 3.0 days. Approximately 1.9% of the shares of the stock are sold short. View Methode Electronics' Current Options Chain.

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), 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).

Who are Methode Electronics' key executives?

Methode Electronics' management team includes the following people:
  • Mr. Donald W. Duda, Pres, CEO & Director (Age 64)
  • Mr. Ronald L.G. Tsoumas, VP of Corp. Fin. & CFO (Age 58)
  • Mr. Joseph E. Khoury, Chief Operating Officer (Age 55)
  • Ms. Andrea Jean Barry, Chief HR Officer (Age 56)
  • Mr. Theodore P. Kill, Consultant (Age 68)

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 retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (1.37%), Envestnet Asset Management Inc. (0.11%), DNB Asset Management AS (0.07%) and First Citizens Bank & Trust Co. (0.02%). Company insiders that own Methode Electronics stock include Amit N Patel, Bruce K Crowther, Christopher J Hornung, Donald W Duda, Isabelle C Goossen, Lawrence B Skatoff and Ronald LG Tsoumas. View institutional ownership trends for Methode Electronics.

Which institutional investors are selling Methode Electronics stock?

MEI stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity for Methode Electronics.

Which institutional investors are buying Methode Electronics stock?

MEI stock was purchased by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, DNB Asset Management AS, and First Citizens Bank & Trust Co.. Company insiders that have bought Methode Electronics stock in the last two years include Amit N Patel, Bruce K Crowther, Christopher J Hornung, Donald W Duda, and Ronald LG Tsoumas. View insider buying and selling activity for Methode Electronics.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Methode Electronics' stock price today?

One share of MEI stock can currently be purchased for approximately $29.37.

How big of a company is Methode Electronics?

Methode Electronics has a market capitalization of $1.09 billion and generates $1.02 billion in revenue each year. The electronics maker earns $123.40 million in net income (profit) each year or $3.12 on an earnings per share basis. Methode Electronics employs 6,044 workers across the globe.

What is Methode Electronics' official website?

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

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 7/15/2020 by MarketBeat.com Staff

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