Methode Electronics (MEI) Receiving Somewhat Favorable Media Coverage, Analysis Finds

Headlines about Methode Electronics (NYSE:MEI) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Methode Electronics earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the electronics maker an impact score of 46.4666153185115 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s analysis:

Methode Electronics (NYSE:MEI) traded down 0.389% during mid-day trading on Tuesday, reaching $44.825. The company’s stock had a trading volume of 93,407 shares. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 18.222 and a beta of 0.76. The firm has a 50 day moving average price of $41.13 and a 200 day moving average price of $41.03. Methode Electronics has a 52-week low of $29.85 and a 52-week high of $46.40.

Methode Electronics (NYSE:MEI) last posted its quarterly earnings results on Thursday, August 31st. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.12. Methode Electronics had a net margin of 11.16% and a return on equity of 18.11%. The business had revenue of $201.20 million during the quarter, compared to analyst estimates of $189.40 million. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Equities research analysts anticipate that Methode Electronics will post $2.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, October 12th. Methode Electronics’s dividend payout ratio (DPR) is 14.63%.

Several analysts have issued reports on MEI shares. Robert W. Baird restated an “outperform” rating and issued a $47.00 price objective (down previously from $51.00) on shares of Methode Electronics in a research note on Monday, June 19th. BidaskClub lowered Methode Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. B. Riley restated a “buy” rating and issued a $49.00 price objective on shares of Methode Electronics in a research note on Friday, June 23rd. FBR & Co restated an “outperform” rating and issued a $49.00 price objective on shares of Methode Electronics in a research note on Tuesday, July 18th. Finally, Zacks Investment Research lowered Methode Electronics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Methode Electronics presently has an average rating of “Buy” and an average price target of $48.00.

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About Methode Electronics

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.

Insider Buying and Selling by Quarter for Methode Electronics (NYSE:MEI)

Insider Buying and Selling by Quarter for Methode Electronics (NYSE:MEI)

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