NYSE:MEI - Methode Electronics Stock Price, Forecast & News

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

Methode Electronics announced a quarterly dividend on Friday, December 13th. Investors of record on Friday, January 17th will be given a dividend of $0.11 per share on Friday, January 31st. This represents a $0.44 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, January 16th. View Methode Electronics' Dividend History.

Methode Electronics Inc. (NYSE:MEI) posted its quarterly earnings data on Thursday, December, 5th. The electronics maker reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by $0.13. The electronics maker earned $257.20 million during the quarter, compared to analysts' expectations of $281.89 million. The firm's revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. View Methode Electronics' Earnings History.

Methode Electronics is scheduled to release their next quarterly earnings announcement on Thursday, March 5th 2020. View Earnings Estimates for Methode Electronics.

Methode Electronics updated its FY20 earnings guidance on Thursday, December, 5th. The company provided earnings per share (EPS) guidance of $3.25-3.55 for the period, compared to the Thomson Reuters consensus estimate of $3.36. The company issued revenue guidance of $1.10-1.13 billion, compared to the consensus revenue estimate of $1.13 billion.

3 Wall Street analysts have issued 1-year price targets for Methode Electronics' shares. Their forecasts range from $42.00 to $43.00. On average, they anticipate Methode Electronics' share price to reach $42.33 in the next twelve months. This suggests a possible upside of 23.9% from the stock's current price. View Analyst Price Targets for Methode Electronics.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Methode Electronics.

Media coverage about MEI stock has trended somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Methode Electronics earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned headlines about the electronics maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Methode Electronics.

Methode Electronics saw a decline in short interest in January. As of January 31st, there was short interest totalling 547,500 shares, a decline of 12.2% from the January 15th total of 623,900 shares. Based on an average daily volume of 195,500 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.5% of the company's stock are short sold. View Methode Electronics' Current Options Chain.

Some companies that are related to Methode Electronics include Benchmark Electronics (BHE), CTS (CTS), Fabrinet (FN), IPG Photonics (IPGP), Jabil (JBL), KEMET (KEM), Key Tronic (KTCC), Mercury Systems (MRCY), Neonode (NEON), Park Electrochemical (PKE), Plexus (PLXS), Sanmina (SANM), Trimble (TRMB) and TTM Technologies (TTMI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Methode Electronics investors own include Intel (INTC), Cisco Systems (CSCO), QUALCOMM (QCOM), Nike (NKE), Twitter (TWTR), Verizon Communications (VZ), Wells Fargo & Co (WFC), Applied Materials (AMAT), Broadcom (AVGO) and Walt Disney (DIS).

Methode Electronics' stock is owned by a variety of of retail and institutional investors. Top institutional investors include LSV Asset Management (4.72%), State Street Corp (3.08%), Investment Counselors of Maryland LLC (2.68%), Ariel Investments LLC (2.31%), Bank of New York Mellon Corp (1.48%) and Renaissance Technologies LLC (1.46%). 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.

MEI stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Renaissance Technologies LLC, NWQ Investment Management Company LLC, Bank of New York Mellon Corp, Hotchkis & Wiley Capital Management LLC, Ariel Investments LLC, Bank of America Corp DE and Barclays PLC. View Insider Buying and Selling for Methode Electronics.

MEI stock was bought by a variety of institutional investors in the last quarter, including LSV Asset Management, Goldman Sachs Group Inc., 1492 Capital Management LLC, Thrivent Financial for Lutherans, Great West Life Assurance Co. Can, Amundi Pioneer Asset Management Inc., Prudential Financial Inc. and Dynamic Technology Lab Private Ltd. 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 for 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.

One share of MEI stock can currently be purchased for approximately $34.18.