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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
NYSE:MEI

Methode Electronics (MEI) Stock Price, News & Analysis

$12.30
+0.08 (+0.65%)
(As of 04/18/2024 ET)
Today's Range
$12.23
$12.46
50-Day Range
$11.21
$22.19
52-Week Range
$11.21
$46.58
Volume
303,963 shs
Average Volume
597,089 shs
Market Capitalization
$435.30 million
P/E Ratio
N/A
Dividend Yield
4.55%
Price Target
$18.67

Methode Electronics MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
51.8% Upside
$18.67 Price Target
Short Interest
Bearish
5.17% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of Methode Electronics in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.41) to ($0.04) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.75 out of 5 stars

Computer And Technology Sector

461st out of 590 stocks

Electronic Connectors Industry

3rd out of 3 stocks

MEI stock logo

About Methode Electronics Stock (NYSE:MEI)

Methode Electronics, Inc. designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies 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 and ergonomic switches, transmission lead-frames, complex insert molded solutions, LED-based lighting solutions, and sensors, which incorporate magneto-elastic sensing, eddy current, or other sensing technologies that monitor the operation or status of a component or system. The Industrial segment manufactures external lighting solutions comprising driving, work, and signal lights; industrial safety radio remote controls; braided flexible cables; current-carrying laminated and powder-coated busbars; high-voltage high current connector and contracts; custom power-product assemblies, such as PowerRail solution; and high-current low-voltage flexible power cabling systems that are used in aerospace, cloud computing, commercial vehicles, construction equipment, industrial, military, power conversion, and transportation markets and applications. The Interface segment provides various copper-based transceivers and related accessories for the cloud computing hardware equipment and telecommunications broadband equipment markets; user interface solutions for the appliance, commercial food service, and point-of-sale equipment markets; and fluid-level sensors for the marine/recreational vehicle and sump pump markets. The Medical segment offers Dabir Surfaces, a surface support technology aimed at pressure injury prevention for use by patients who are immobilized or otherwise at risk for pressure injuries, including patients undergoing long-duration surgical procedures. Methode Electronics, Inc. was incorporated in 1946 and is headquartered in Chicago, Illinois.

MEI Stock Price History

MEI Stock News Headlines

The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Methode Electronics Announces CFO Transition Plan
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
MEI May 2024 12.500 call
Methode Electronics’ Board Approves Dividend
Methode Electronics' Board Approves Dividend
MEI Oct 2024 10.000 put
MEI Jul 2024 12.500 put
Q3 2024 Methode Electronics Inc Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 1/26 Dividend
1/11/2024
Dividend Payable
1/26/2024
Last Earnings
3/07/2024
Ex-Dividend for 4/26 Dividend
4/11/2024
Today
4/18/2024
Dividend Payable
4/26/2024
Fiscal Year End
4/30/2024
Next Earnings (Estimated)
6/27/2024

Industry, Sector and Symbol

Industry
Electronic connectors
Sub-Industry
Electronic Manufacturing Services
CUSIP
59152020
Employees
6,700
Year Founded
1946

Price Target and Rating

Average Stock Price Target
$18.67
High Stock Price Target
$27.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+51.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$77.10 million
Pretax Margin
-5.02%

Debt

Sales & Book Value

Annual Sales
$1.18 billion
Cash Flow
$3.44 per share
Book Value
$25.34 per share

Miscellaneous

Free Float
33,691,000
Market Cap
$435.30 million
Optionable
Optionable
Beta
0.86

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MEI Stock Analysis - Frequently Asked Questions

Should I buy or sell Methode Electronics stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Methode Electronics in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MEI shares. 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.
View MEI analyst ratings
or view top-rated stocks.

What is Methode Electronics' stock price target for 2024?

2 Wall Street research analysts have issued 1 year price objectives for Methode Electronics' shares. Their MEI share price targets range from $12.00 to $27.00. On average, they anticipate the company's share price to reach $18.67 in the next year. This suggests a possible upside of 51.8% from the stock's current price.
View analysts price targets for MEI
or view top-rated stocks among Wall Street analysts.

How have MEI shares performed in 2024?

Methode Electronics' stock was trading at $22.73 on January 1st, 2024. Since then, MEI shares have decreased by 45.9% and is now trading at $12.30.
View the best growth stocks for 2024 here
.

Are investors shorting Methode Electronics?

Methode Electronics saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,710,000 shares, an increase of 46.2% from the March 15th total of 1,170,000 shares. Based on an average trading volume of 525,500 shares, the days-to-cover ratio is currently 3.3 days. Currently, 5.2% of the company's shares are sold short.
View Methode Electronics' Short Interest
.

When is Methode Electronics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 27th 2024.
View our MEI earnings forecast
.

How were Methode Electronics' earnings last quarter?

Methode Electronics, Inc. (NYSE:MEI) issued its quarterly earnings results on Thursday, March, 7th. The electronics maker reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.07 by $0.40. The electronics maker had revenue of $259.50 million for the quarter, compared to analyst estimates of $288.50 million. Methode Electronics had a negative net margin of 5.09% and a positive trailing twelve-month return on equity of 0.07%. During the same period last year, the firm posted $0.54 earnings per share.

How often does Methode Electronics pay dividends? What is the dividend yield for Methode Electronics?

Methode Electronics announced a quarterly dividend on Thursday, March 14th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.14 per share on Friday, April 26th. This represents a $0.56 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Thursday, April 11th.
Read our dividend analysis for MEI
.

Is Methode Electronics a good dividend stock?

Methode Electronics (NYSE:MEI) pays an annual dividend of $0.56 per share and currently has a dividend yield of 4.58%. MEI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for MEI.

What ETFs hold Methode Electronics' stock?

ETFs with the largest weight of Methode Electronics (NYSE:MEI) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT).First Trust Small Cap US Equity Select ETF (RNSC).

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), Applied Materials (AMAT), Johnson & Johnson (JNJ), Micron Technology (MU), NIKE (NKE), QUALCOMM (QCOM), Skyworks Solutions (SWKS), Cisco Systems (CSCO), Pfizer (PFE) and AbbVie (ABBV).

Who are Methode Electronics' major shareholders?

Methode Electronics' stock is owned by a variety of retail and institutional investors. Top institutional investors include Bridge City Capital LLC (0.69%), Aviance Capital Partners LLC (0.09%) and Counterpoint Mutual Funds LLC (0.04%). Insiders that own company stock include Amit N Patel, Anil Shetty, Brian J Cadwallader, Donald W Duda, Joseph Elias Khoury, Lawrence B Skatoff, Timothy Glandon and Walter J Aspatore.
View institutional ownership trends
.

How do I buy shares of Methode Electronics?

Shares of MEI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Methode Electronics have any subsidiaries?
The following companies are subsidiares of Methode Electronics: ABAS Inc., Active Energy Solutions Inc., Adam Technologies, Advanced Molding & Decoration, Advanced Molding and Decoration S.A. de C.V., Alsentis LLC, Automotive Safety Technologies, BMAC Limited, Cableco Technologies, Dabir Surfaces Inc., Floduval S.A., Grakon BMAC Holdings Limited, Grakon Components Design (Shenzen) Co. Ltd., Grakon Europe B.V., Grakon Hamsar Holdings Ltd., Grakon Holdings LLC, Grakon Intermediate Holdings LLC, Grakon International (Hong Kong) Ltd., Grakon LLC, Grakon LLC, Grakon Parent Inc., Grakon Vehicle Components (Donggaun) Co. Ltd., Hetronic, Hetronic International Inc., Hetronic Italy S.R.L., Hetronic Midwest LLC, Hetronic Swiss AG, Hetronic USA Inc., IRU Resources S.A. De C.V., KBA Inc., M Aviation LLC, M Aviation Real Estate LLC, M Real Estate LLC, Magna-Lastic Devices Inc., Methode Data Solutions Group Europe Ltd, Methode Development Company, Methode Electronics (Shanghai) Co. Ltd., Methode Electronics (Suzhou) Co. Ltd., Methode Electronics Asia Pte Ltd., Methode Electronics Far East Pte. Ltd., Methode Electronics India Private Ltd., Methode Electronics International GmbH, Methode Electronics Malta Holdings Ltd., Methode Electronics Malta Ltd., Methode Electronics Malta Mriehel Limited, Methode Electronics Mediterranean Company Ltd., Methode Electronics U.K. Ltd., Methode Mexico S.A. de C.V., Methode Surface Treatment (Zhenjiang) Co. Ltd., Optokon, Pacific Insight, Pacific Insight Electronics, Pacific Insight Electronics USA Corp., Pacific Insight Mexico S.A. de C.V., Polycore Technologies, Proco-Immo S.A., Procoplast, Procoplast S.A., Samaya Electronics Egypt Ltd., TouchSensor Technologies, TouchSensor Technologies L.L.C., Translec Limited Universal Resources de Mexico S.A. de C.V., Tribotech, and Value engineered products.
Read More
This page (NYSE:MEI) was last updated on 4/19/2024 by MarketBeat.com Staff

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