Methode Electronics (MEI) Receiving Somewhat Positive Press Coverage, Accern Reports
Headlines about Methode Electronics (NYSE:MEI) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Methode Electronics earned a news impact score of 0.15 on Accern’s scale. Accern also gave news headlines about the electronics maker an impact score of 46.5634710773023 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several analysts have weighed in on MEI shares. B. Riley reiterated a “buy” rating and set a $49.00 price target on shares of Methode Electronics in a research note on Wednesday, June 28th. FBR & Co reiterated an “outperform” rating and set a $49.00 price target on shares of Methode Electronics in a research note on Tuesday, July 18th. BidaskClub downgraded Methode Electronics from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded Methode Electronics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, ValuEngine downgraded Methode Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $48.50.
Shares of Methode Electronics (NYSE MEI) remained flat at $46.05 during trading on Monday. 222,192 shares of the stock traded hands. The stock has a market cap of $1.70 billion, a PE ratio of 18.72 and a beta of 0.76. Methode Electronics has a 1-year low of $29.85 and a 1-year high of $46.40. The stock’s 50-day moving average is $41.89 and its 200-day moving average is $41.10.
Methode Electronics (NYSE:MEI) last released its quarterly earnings results on Thursday, August 31st. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.12. Methode Electronics had a return on equity of 18.11% and a net margin of 11.16%. The firm had revenue of $201.20 million for the quarter, compared to analyst estimates of $189.40 million. During the same quarter last year, the company posted $0.57 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. Analysts anticipate that Methode Electronics will post $2.58 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Thursday, October 12th. Methode Electronics’s dividend payout ratio is currently 14.63%.
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Methode Electronics Company Profile
Methode Electronics, Inc (Methode) is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other.
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