Methode Electronics Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Methode Electronics stock. 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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Methode Electronics is scheduled to release its next quarterly earnings announcement on Thursday, December 2nd 2021.
View our earnings forecast for Methode Electronics.

Methode Electronics, Inc. (NYSE:MEI) posted its earnings results on Wednesday, September, 1st. The electronics maker reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. The electronics maker earned $287.80 million during the quarter. Methode Electronics had a net margin of 11.03% and a trailing twelve-month return on equity of 15.22%.
View Methode Electronics' earnings history.

Methode Electronics' stock was trading at $27.75 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MEI stock has increased by 55.3% and is now trading at $43.09.
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Methode Electronics declared a quarterly dividend on Wednesday, September 15th. Investors of record on Friday, October 15th will be given a dividend of $0.14 per share on Friday, October 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, October 14th.
View Methode Electronics' dividend history.

Methode Electronics pays an annual dividend of $0.56 per share and currently has a dividend yield of 1.30%. The dividend payout ratio of Methode Electronics is 16.72%. This payout ratio is at a healthy, sustainable level, below 75%.
View Methode Electronics' dividend history.

Methode Electronics updated its FY 2022 earnings guidance on Thursday, September, 16th. The company provided earnings per share guidance of $3.350-$3.750 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.570. The company issued revenue guidance of $1.18 billion-$1.24 billion, compared to the consensus revenue estimate of $1.21 billion.

1 brokers have issued 12 month price targets for Methode Electronics' stock. Their forecasts range from $47.97 to $47.97. On average, they anticipate Methode Electronics' stock price to reach $47.97 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price.
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Some companies that are related to Methode Electronics include Trimble (TRMB), IPG Photonics (IPGP), Jabil (JBL), Fabrinet (FN), Mercury Systems (MRCY), Plexus (PLXS), Sanmina (SANM), TTM Technologies (TTMI), CTS (CTS), Benchmark Electronics (BHE), Park Aerospace (PKE), Key Tronic (KTCC) and Neonode (NEON).
View all of MEI's competitors.

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (16.84%), Vanguard Group Inc. (10.46%), Dimensional Fund Advisors LP (5.28%), FMR LLC (4.82%), LSV Asset Management (4.75%) and State Street Corp (3.40%). Company insiders that own Methode Electronics stock include Amit N Patel, Anil Shetty, Darren Dawson, Donald W Duda, Joseph Elias Khoury, Lawrence B Skatoff, Ronald LG Tsoumas and Timothy Glandon.
View institutional ownership trends for Methode Electronics.

MEI stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Deprince Race & Zollo Inc., BlackRock Inc., Bank of America Corp DE, Comerica Bank, Silvercrest Asset Management Group LLC, ClariVest Asset Management LLC, and Morgan Stanley. Company insiders that have sold Methode Electronics company stock in the last year include Amit N Patel, Anil Shetty, Darren Dawson, Donald W Duda, Joseph Elias Khoury, Lawrence B Skatoff, Ronald LG Tsoumas, and Timothy Glandon.
View insider buying and selling activity for Methode Electronics or view top insider-selling stocks.

MEI stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Fort Washington Investment Advisors Inc. OH, Systematic Financial Management LP, Vanguard Group Inc., State Street Corp, Dimensional Fund Advisors LP, Nuveen Asset Management LLC, and First Trust Advisors LP.
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Shares of MEI 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 $43.09.

Methode Electronics has a market capitalization of $1.64 billion and generates $1.09 billion in revenue each year. The electronics maker earns $122.30 million in net income (profit) each year or $3.35 on an earnings per share basis.

Methode Electronics employs 6,044 workers across the globe.

The following companies are subsidiares of Methode Electronics: Grakon.

Methode Electronics was founded in 1946.

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

Methode Electronics is headquartered at 8750 WEST BRYN MAWR AVENUE SUITE 1000, CHICAGO IL, 60631.

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]