NYSE:MEIMethode Electronics Stock Price, Forecast & News

$31.91

+1.08 (+3.50 %)

(As of 05/27/2020 04:00 PM ET)

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Today's Range

$31.25

Now: $31.91▼

$31.98

50-Day Range

$26.29

MA: $28.34▼

$30.59

52-Week Range

$21.76

Now: $31.91▼

$41.70

Volume256,249 shs

Average Volume226,181 shs

Market Capitalization$1.18 billion

P/E Ratio10.39

Dividend Yield1.43%

Beta1.41

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.

Beat the Market (BTM) Rank^™

1.3 Analyst's Opinion

Consensus Rating
Methode Electronics has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $34.33, Methode Electronics has a potential upside of 7.6% from its current price of $31.91.
Amount of Analyst Coverage
Methode Electronics has only been the subject of 3 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Methode Electronics has received 482 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Methode Electronics has received 537 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Methode Electronics has received 52.70% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Methode Electronics and other stocks. Vote “Outperform” if you believe MEI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MEI will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Methode Electronics is a leading dividend payer. It pays a dividend yield of 1.43%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Methode Electronics has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Methode Electronics is 14.86 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Methode Electronics will have a dividend payout ratio of 12.90 % next year. This indicates that Methode Electronics will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Methode Electronics insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $26,470.00 in company stock.
Percentage Held by Insiders
Only 4.40% of the stock of Methode Electronics is held by insiders.
Percentage Held by Institutions
93.25% of the stock of Methode Electronics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Methode Electronics are expected to grow by 6.90% in the coming year, from $3.19 to $3.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Methode Electronics is 10.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.81.
Price to Earnings Ratio vs. Sector
The P/E ratio of Methode Electronics is 10.39, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.80.
Price to Book Value per Share Ratio
Methode Electronics has a P/B Ratio of 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.99 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electronic connectors

Sub-IndustryElectronic Manufacturing Services

SectorComputer and Technology

Current SymbolNYSE:MEI

Previous Symbol

CUSIP59152020

CIK65270

Webwww.methode.com

Phone708-867-6777

Debt

Debt-to-Equity Ratio0.34

Current Ratio2.84

Quick Ratio2.06

Price-To-Earnings

Trailing P/E Ratio10.39

Forward P/E Ratio10.00

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.00 billion

Price / Sales1.18

Cash Flow$4.53 per share

Price / Cash Flow7.04

Book Value$18.65 per share

Price / Book1.71

Profitability

EPS (Most Recent Fiscal Year)$2.96

Net Income$91.60 million

Net Margins10.74%

Return on Equity15.86%

Return on Assets9.11%

Miscellaneous

Employees6,187

Outstanding Shares37,091,000

Market Cap$1.18 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 reached pandemic status according to the World Health Organization (WHO). Since then, MEI shares have increased by 15.0% and is now trading at $31.91. 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) announced its earnings results on Thursday, March, 5th. The electronics maker reported $1.05 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.92 by $0.13. The electronics maker earned $285.90 million during the quarter, compared to analysts' expectations of $279.38 million. Methode Electronics had a return on equity of 15.86% and a net margin of 10.74%. Methode Electronics's revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 EPS. 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. Investors of record on Friday, April 17th will be paid a dividend of $0.11 per share on Friday, May 1st. This represents a $0.44 dividend on an annualized basis and a yield of 1.38%. 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 FY21 earnings guidance on Thursday, March, 5th. The company provided earnings per share guidance of $3.25-3.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.59. The company issued revenue guidance of $1.10-1.13 billion, compared to the consensus revenue estimate of $1.18 billion.

What price target have analysts set for MEI?

3 brokers have issued twelve-month price targets for Methode Electronics' shares. Their forecasts range from $24.00 to $40.00. On average, they expect Methode Electronics' share price to reach $34.33 in the next twelve months. This suggests a possible upside of 7.6% from the stock's current price. View analysts' price targets for Methode Electronics.

Has Methode Electronics been receiving favorable news coverage?

News coverage about MEI stock has been trending negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Methode Electronics earned a coverage optimism score of -2.0 on InfoTrie's scale. They also assigned press coverage about the electronics maker a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an impact on the stock'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 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 daily volume of 239,300 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.8% of the shares of the company are sold short. View Methode Electronics' Current Options Chain.

Who are some of Methode Electronics' key competitors?

Some companies that are related to Methode Electronics include Trimble (TRMB), IPG Photonics (IPGP), Mercury Systems (MRCY), Jabil (JBL), Fabrinet (FN), Plexus (PLXS), Sanmina (SANM), KEMET (KEM), TTM Technologies (TTMI), Benchmark Electronics (BHE), CTS (CTS), Park Electrochemical (PKE), Key Tronic (KTCC) and Neonode (NEON). View all 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 number of institutional and retail investors. Top institutional investors 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 institutional 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 institutional 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 $31.91.

How big of a company is Methode Electronics?

Methode Electronics has a market capitalization of $1.18 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 5/27/2020 by MarketBeat.com Staff