Methode Electronics (MEI) Releases FY18 Earnings Guidance

Methode Electronics (NYSE:MEI) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.43-2.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.57. The company issued revenue guidance of $880-900 million, compared to the consensus revenue estimate of $902.53 million.

Shares of Methode Electronics (NYSE MEI) opened at $41.40 on Friday. The stock has a market cap of $1,674.85, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.17 and a beta of 0.76. Methode Electronics has a fifty-two week low of $36.05 and a fifty-two week high of $48.44. The company has a quick ratio of 3.81, a current ratio of 4.32 and a debt-to-equity ratio of 0.08.

Methode Electronics (NYSE:MEI) last released its quarterly earnings results on Thursday, December 7th. The electronics maker reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.64. Methode Electronics had a net margin of 11.16% and a return on equity of 18.11%. The company had revenue of $230.10 million during the quarter, compared to analysts’ expectations of $218.03 million. During the same period in the prior year, the company earned $0.66 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. analysts anticipate that Methode Electronics will post 2.59 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the stock. B. Riley reiterated a buy rating on shares of Methode Electronics in a research note on Wednesday, November 1st. ValuEngine cut shares of Methode Electronics from a buy rating to a hold rating in a research note on Thursday. BidaskClub upgraded shares of Methode Electronics from a strong sell rating to a sell rating in a research note on Saturday, August 26th. Robert W. Baird reiterated a buy rating and issued a $46.00 target price on shares of Methode Electronics in a research note on Tuesday, October 17th. Finally, Zacks Investment Research lowered shares of Methode Electronics from a hold rating to a sell rating in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $49.50.

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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.

Earnings History and Estimates for Methode Electronics (NYSE:MEI)

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