Methode Electronics Inc. (MEI) EPS Estimated At $0.64

Marco Green
June 24, 2017

The biggest holder now is Mr. Donald W. Duda who owns 711,364 shares (1.93% of those outstanding), whilst Mr. Joseph Elias Khoury holds 288,600 (0.78% of shares outstanding) and Mr. Douglas A. Koman holds 263,449 (0.72% of shares outstanding). Analysts expect the company to announce earnings of $0.64 per share for the quarter. Tracking most recent quarter period, Price to book (P/B) ration is at 2.94 and Price to cash per share ration is at 5.60. Legato Capital Management LLC now owns 67,944 shares of the electronics maker's stock worth $1,490,000 after buying an additional 66,454 shares in the last quarter. Baird now has a $47.00 price objective on the electronics maker's stock, down from their previous price objective of $51.00. State Street Corp boosted its stake in Methode Electronics by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,049,446 shares of the electronics maker's stock valued at $84,745,000 after buying an additional 56,150 shares during the period. Comerica Bank now owns 39,350 shares of the electronics maker's stock valued at $1,621,000 after buying an additional 2,119 shares during the period.

11/05/2014 - Methode Electronics, Inc. was downgraded to "neutral" by analysts at Zacks.

A hedge fund recently raised its stake in Methode Electronics stock. (NYSE MEI) opened at 40.10 on Friday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 16.25 and a beta of 0.83. The stock of Methode Electronics Inc. (NYSE:MEI) has risen 40.98% since June 21, 2016 and is uptrending. Methode Electronics had a net margin of 11.41% and a return on equity of 18.89%. The company had revenue of $219.70 million during the quarter, compared to the consensus estimate of $214.39 million. During the same quarter previous year, the company posted $0.60 EPS. The firm's quarterly revenue was up 3.2% on a year-over-year basis. Craig Hallum upgraded Methode Electronics Inc.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be issued a $0.09 dividend. It has a dividend yield of 0.90%. Announces CFO Transition" with publication date: "July 21, 2016. Methode Electronics's payout ratio is presently 14.63%. The correct version of this piece can be read at The stock has "Outperform" rating by FBR Capital on Friday, December 9. If you are viewing this piece on another domain, it was copied illegally and republished in violation of USA and global trademark & copyright laws.

A number of other equities analysts have also commented on the company.

According to the latest research reports released, 1 analyst has issued a rating of "buy", 1 analysts "outperform", 1 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". FBR & Co restated an "outperform" rating and set a $55.00 price target (up previously from $50.00) on shares of Methode Electronics in a research note on Friday, March 3rd. Craig Hallum has "Hold" rating and $37 target. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

We design, manufacture and market devices employing electrical, electronic, wireless, safety radio remote control, sensing and optical technologies to control and convey signals through sensors, interconnections and controls.

Other reports by Click Lancashire

Discuss This Article