Methode Electronics - MEI Stock Forecast, Price & News

3 Wall Street 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 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.

3 Wall Street research analysts have issued 12-month target prices for Methode Electronics' stock. Their MEI share price forecasts range from $42.00 to $52.00. On average, they predict the company's share price to reach $47.00 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price.
View analysts price targets for MEI or view top-rated stocks among Wall Street analysts.

Methode Electronics' stock was trading at $44.37 at the beginning of 2023. Since then, MEI stock has increased by 5.4% and is now trading at $46.78.
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Methode Electronics saw a drop in short interest in December. As of December 15th, there was short interest totaling 477,800 shares, a drop of 19.3% from the November 30th total of 592,200 shares. Based on an average daily trading volume, of 147,300 shares, the short-interest ratio is presently 3.2 days. Approximately 1.4% of the company's stock are sold short.
View Methode Electronics' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our MEI earnings forecast.

Methode Electronics, Inc. (NYSE:MEI) posted its quarterly earnings data on Thursday, December, 1st. The electronics maker reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. The electronics maker had revenue of $315.90 million for the quarter, compared to analysts' expectations of $295 million. Methode Electronics had a trailing twelve-month return on equity of 10.46% and a net margin of 8.03%.

Methode Electronics declared a quarterly dividend on Thursday, December 15th. Investors of record on Friday, January 13th will be paid a dividend of $0.14 per share on Friday, January 27th. This represents a $0.56 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, January 12th.
Read our dividend analysis for MEI.

Methode Electronics (NYSE:MEI) pays an annual dividend of $0.56 per share and currently has a dividend yield of 1.20%. The dividend payout ratio is 22.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEI will have a dividend payout ratio of 17.67% 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 Saturday, December, 31st. The company provided earnings per share guidance of $2.70-$2.90 for the period, compared to the consensus earnings per share estimate of $2.70. The company issued revenue guidance of $1.17 billion-$1.20 billion, compared to the consensus revenue estimate of $1.16 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 number of institutional and retail investors. Top institutional investors include New York State Common Retirement Fund (1.25%), Wedge Capital Management L L P NC (0.43%), Allspring Global Investments Holdings LLC (0.42%), Bridge City Capital LLC (0.30%), Seizert Capital Partners LLC (0.25%) and New York State Teachers Retirement System (0.24%). 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.
View institutional ownership trends.

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 $46.78.

Methode Electronics (NYSE:MEI) has a market capitalization of $1.69 billion and generates $1.18 billion in revenue each year. The electronics maker earns $102.20 million in net income (profit) each year or $2.54 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.