Headlines about Methode Electronics (NYSE:MEI) have been trending somewhat negative this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Methode Electronics earned a news sentiment score of -0.03 on Accern’s scale. Accern also gave media headlines about the electronics maker an impact score of 45.77180041682 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities research analysts recently issued reports on MEI shares. Robert W. Baird restated a “buy” rating and issued a $47.00 target price on shares of Methode Electronics in a report on Sunday, September 24th. ValuEngine upgraded shares of Methode Electronics from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Zacks Investment Research upgraded shares of Methode Electronics from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Wednesday, October 18th. Finally, B. Riley restated a “buy” rating on shares of Methode Electronics in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $49.50.
Shares of Methode Electronics (NYSE:MEI) opened at $42.55 on Friday. Methode Electronics has a twelve month low of $36.05 and a twelve month high of $48.44. The stock has a market cap of $1,615.23, a P/E ratio of 17.44, a P/E/G ratio of 1.09 and a beta of 0.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.74 and a quick ratio of 3.22.
Methode Electronics (NYSE:MEI) last released its earnings results on Thursday, December 7th. The electronics maker reported $0.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.64. Methode Electronics had a net margin of 10.81% and a return on equity of 17.07%. The firm had revenue of $230.10 million during the quarter, compared to the consensus estimate of $218.03 million. During the same period in the previous year, the firm earned $0.66 earnings per share. Methode Electronics’s revenue was up 9.9% compared to the same quarter last year. equities analysts anticipate that Methode Electronics will post 2.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be paid a dividend of $0.11 per share. This is an increase from Methode Electronics’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, January 11th. Methode Electronics’s payout ratio is currently 18.03%.
In other Methode Electronics news, Director Isabelle C. Goossen sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $40.50, for a total transaction of $101,250.00. Following the completion of the sale, the director now directly owns 40,950 shares in the company, valued at $1,658,475. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Joseph Elias Khoury sold 21,400 shares of the business’s stock in a transaction that occurred on Friday, December 21st. The stock was sold at an average price of $40.30, for a total transaction of $862,420.00. Following the sale, the vice president now owns 267,200 shares of the company’s stock, valued at $10,768,160. The disclosure for this sale can be found here. 4.40% of the stock is owned by insiders.
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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.
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