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NYSE:MEIMethode Electronics Stock Price, Forecast & News

$31.35
+0.44 (+1.42 %)
(As of 06/1/2020 04:00 PM ET)
Add
Compare
Today's Range
$30.70
Now: $31.35
$31.68
50-Day Range
$26.29
MA: $28.53
$31.91
52-Week Range
$21.76
Now: $31.35
$41.70
Volume264,300 shs
Average Volume225,735 shs
Market Capitalization$1.16 billion
P/E Ratio10.21
Dividend Yield1.40%
Beta1.4
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: 1.3Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.99 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.00 billion
Cash Flow$4.20 per share
Book Value$18.65 per share

Profitability

Net Income$91.60 million

Miscellaneous

Employees6,187
Market Cap$1.16 billion
Next Earnings Date6/18/2020 (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 (WHO). Since then, MEI shares have increased by 13.0% and is now trading at $31.35. 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, June 18th 2020. View our earnings forecast for Methode Electronics.

How were Methode Electronics' earnings last quarter?

Methode Electronics Inc. (NYSE:MEI) posted its earnings results on Thursday, March, 5th. The electronics maker reported $1.05 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.92 by $0.13. The electronics maker earned $285.90 million during the quarter, compared to the consensus estimate of $279.38 million. Methode Electronics had a return on equity of 15.86% and a net margin of 10.74%. The company's revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm posted $0.83 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, March 19th. Stockholders of record on Friday, April 17th will be given a dividend of $0.11 per share on Friday, May 1st. This represents a $0.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Thursday, April 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 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 anticipate Methode Electronics' stock price to reach $34.33 in the next year. This suggests a possible upside of 9.5% from the stock's current price. View analysts' price targets for Methode Electronics.

Has Methode Electronics been receiving favorable news coverage?

Headlines about MEI stock have trended extremely negative this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Methode Electronics earned a media sentiment score of -5.0 on InfoTrie's scale. They also assigned media coverage about the electronics maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutMethode Electronics.

Are investors shorting Methode Electronics?

Methode Electronics saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 626,600 shares, an increase of 5.6% from the April 30th total of 593,100 shares. Based on an average trading volume of 239,300 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.8% of the company's stock are short sold. 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.81%), Silvercrest Asset Management Group LLC (5.08%), State Street Corp (3.24%), Investment Counselors of Maryland LLC (2.68%), Neumeier Poma Investment Counsel LLC (1.79%) and Massachusetts Financial Services Co. MA (1.74%). 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 major investors are selling Methode Electronics stock?

MEI stock was sold by a variety of institutional investors in the last quarter, including THB Asset Management, BlackRock Inc., Wells Fargo & Company MN, Morgan Stanley, Morgan Stanley, Bank of New York Mellon Corp, Citigroup Inc., and JPMorgan Chase & Co.. View insider buying and selling activity for Methode Electronics.

Which major investors are buying Methode Electronics stock?

MEI stock was acquired by a variety of institutional investors in the last quarter, including Neumeier Poma Investment Counsel LLC, Silvercrest Asset Management Group LLC, Massachusetts Financial Services Co. MA, Martingale Asset Management L P, Hennessy Advisors Inc., AQR Capital Management LLC, State Street Corp, and Icon Advisers Inc. 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 $31.35.

How big of a company is Methode Electronics?

Methode Electronics has a market capitalization of $1.16 billion and generates $1.00 billion in revenue each year. The electronics maker earns $91.60 million in net income (profit) each year or $2.96 on an earnings per share basis. Methode Electronics employs 6,187 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 6/1/2020 by MarketBeat.com Staff

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