News stories about Methode Electronics (NYSE:MEI) have been trending somewhat negative recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Methode Electronics earned a news sentiment score of -0.03 on Accern’s scale. Accern also gave news stories about the electronics maker an impact score of 45.77180041682 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of research firms recently commented on MEI. B. Riley reissued a “buy” rating on shares of Methode Electronics in a report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and set a $46.00 target price on shares of Methode Electronics in a research report on Tuesday, October 17th. ValuEngine cut shares of Methode Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, Zacks Investment Research cut shares of Methode Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $49.50.
Shares of Methode Electronics (NYSE MEI) traded up $0.22 on Friday, reaching $38.25. 444,420 shares of the company’s stock were exchanged, compared to its average volume of 230,189. The company has a current ratio of 3.74, a quick ratio of 3.22 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1,460.58, a PE ratio of 14.94, a P/E/G ratio of 0.99 and a beta of 0.82. Methode Electronics has a one year low of $36.05 and a one year high of $48.44.
Methode Electronics (NYSE:MEI) last posted its quarterly earnings data on Thursday, December 7th. The electronics maker reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. The business had revenue of $230.10 million during the quarter, compared to analyst estimates of $218.03 million. Methode Electronics had a net margin of 10.81% and a return on equity of 17.07%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 earnings per share. research analysts predict that Methode Electronics will post 2.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Thursday, January 11th. This is a positive change from Methode Electronics’s previous quarterly dividend of $0.09. Methode Electronics’s payout ratio is currently 18.03%.
In related 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 value 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 the SEC website. Also, VP Joseph Elias Khoury sold 21,400 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $40.30, for a total transaction of $862,420.00. Following the completion of 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. Insiders own 4.40% of the company’s stock.
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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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