Barrington Research Estimates MEI Q1 Earnings

Methode Electronics, Inc. (NYSE:MEI) – Investment analysts at Barrington Research issued their Q1 2027 earnings per share (EPS) estimates for Methode Electronics in a report issued on Monday, July 14th. Barrington Research analyst G. Prestopino anticipates that the electronics maker will earn ($0.28) per share for the quarter. The consensus estimate for Methode Electronics’ current full-year earnings is ($0.40) per share. Barrington Research also issued estimates for Methode Electronics’ Q2 2027 earnings at $0.13 EPS, Q3 2027 earnings at ($0.24) EPS, Q4 2027 earnings at $0.29 EPS and FY2027 earnings at ($0.10) EPS.

Separately, Robert W. Baird dropped their target price on Methode Electronics from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th.

Methode Electronics Price Performance

Shares of NYSE MEI opened at $6.46 on Tuesday. The business’s 50 day moving average price is $8.39 and its 200 day moving average price is $8.67. The firm has a market cap of $230.71 million, a P/E ratio of -3.63 and a beta of 1.01. Methode Electronics has a 52 week low of $5.08 and a 52 week high of $17.45. The company has a quick ratio of 1.57, a current ratio of 2.40 and a debt-to-equity ratio of 0.46.

Methode Electronics (NYSE:MEI) last issued its earnings results on Wednesday, July 9th. The electronics maker reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.80). The firm had revenue of $257,100 billion during the quarter, compared to analysts’ expectations of $228.75 million. Methode Electronics had a negative net margin of 5.97% and a negative return on equity of 5.60%. During the same quarter in the prior year, the company earned ($0.23) EPS.

Methode Electronics Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, July 21st will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date is Monday, July 21st. Methode Electronics’s payout ratio is presently -15.73%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Virtus Advisers LLC acquired a new position in Methode Electronics in the first quarter valued at approximately $30,000. Quarry LP acquired a new position in shares of Methode Electronics during the 4th quarter worth approximately $32,000. Virtus Fund Advisers LLC acquired a new position in shares of Methode Electronics during the 4th quarter worth approximately $38,000. GAMMA Investing LLC raised its stake in shares of Methode Electronics by 1,817.4% during the 1st quarter. GAMMA Investing LLC now owns 7,056 shares of the electronics maker’s stock worth $45,000 after buying an additional 6,688 shares during the period. Finally, AlphaQuest LLC raised its stake in shares of Methode Electronics by 196.8% during the 4th quarter. AlphaQuest LLC now owns 4,509 shares of the electronics maker’s stock worth $53,000 after buying an additional 2,990 shares during the period. 95.49% of the stock is owned by institutional investors and hedge funds.

About Methode Electronics

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.