Methode Electronics - MEI Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last year. There are currently 2 hold ratings and 1 buy rating 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.
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3 Wall Street analysts have issued 12 month target prices for Methode Electronics' stock. Their MEI share price forecasts range from $49.00 to $52.00. On average, they expect the company's share price to reach $50.50 in the next year. This suggests a possible upside of 22.0% from the stock's current price.
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Methode Electronics' stock was trading at $44.37 at the beginning of the year. Since then, MEI stock has decreased by 6.7% and is now trading at $41.40.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 22nd 2023.
View our MEI earnings forecast.

Methode Electronics, Inc. (NYSE:MEI) posted its quarterly earnings data on Thursday, December, 2nd. The electronics maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.69 by $0.03. The electronics maker had revenue of $295.50 million for the quarter. Methode Electronics had a trailing twelve-month return on equity of 9.29% and a net margin of 7.30%. During the same period in the prior year, the firm posted $1.17 earnings per share.

Methode Electronics declared a quarterly dividend on Thursday, March 16th. Stockholders of record on Friday, April 14th will be paid a dividend of $0.14 per share on Friday, April 28th. This represents a $0.56 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, April 13th.
Read our dividend analysis for MEI.

ETFs with the largest weight of Methode Electronics (NYSE:MEI) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT), Small Cap US Equity Select ETF (RNSC), Hartford Multifactor Small Cap ETF (ROSC), Distillate Small/Mid Cash Flow ETF (DSMC), iShares US Small Cap Value Factor ETF (SVAL), Royce Quant Small-Cap Quality Value ETF (SQLV), iShares Self-Driving EV and Tech ETF (IDRV) and Timothy Plan US Small Cap Core ETF (TPSC).

Methode Electronics (NYSE:MEI) pays an annual dividend of $0.56 per share and currently has a dividend yield of 1.37%. The dividend payout ratio is 24.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEI will have a dividend payout ratio of 21.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MEI.

Methode Electronics updated its FY 2023 earnings guidance on Thursday, March, 9th. The company provided EPS guidance of $2.50-$2.60 for the period, compared to the consensus EPS estimate of $2.78. The company issued revenue guidance of $1.16 billion-$1.18 billion, compared to the consensus revenue estimate of $1.20 billion.

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).

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

Methode Electronics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.20%), Earnest Partners LLC (5.71%), William Blair Investment Management LLC (2.84%), LSV Asset Management (2.68%), Geode Capital Management LLC (1.85%) and Systematic Financial Management LP (1.52%). Insiders that own company stock include Amit N Patel, Anil Shetty, Brian J Cadwallader, Darren Dawson, Donald W Duda, Joseph Elias Khoury, Lawrence B Skatoff, Ronald LG Tsoumas, Timothy Glandon and Walter J Aspatore.
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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.
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One share of MEI stock can currently be purchased for approximately $41.40.

Methode Electronics (NYSE:MEI) has a market capitalization of $1.49 billion and generates $1.16 billion in revenue each year. The electronics maker earns $102.20 million in net income (profit) each year or $2.30 on an earnings per share basis.

The company employs 7,000 workers across the globe.

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.