Methode Electronics (MEI) Projected to Post Quarterly Earnings on Wednesday

Methode Electronics (NYSE:MEI) is anticipated to post its quarterly earnings results after the market closes on Wednesday, March 5th. Analysts expect Methode Electronics to post earnings of ($0.17) per share and revenue of $264.01 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Methode Electronics (NYSE:MEI) last issued its quarterly earnings data on Thursday, December 5th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.31. Methode Electronics had a negative net margin of 8.16% and a negative return on equity of 3.26%. During the same quarter in the prior year, the company posted $0.06 EPS. On average, analysts expect Methode Electronics to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Methode Electronics Stock Down 8.2 %

MEI stock opened at $10.01 on Tuesday. Methode Electronics has a one year low of $8.54 and a one year high of $21.65. The stock has a market capitalization of $356.96 million, a PE ratio of -3.96 and a beta of 0.76. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.73 and a current ratio of 2.75. The company has a fifty day moving average of $11.41 and a 200-day moving average of $10.98.

Methode Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend was Friday, January 17th. Methode Electronics’s dividend payout ratio (DPR) is -22.13%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of Methode Electronics from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Sidoti upgraded shares of Methode Electronics from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, February 25th.

Methode Electronics Company Profile

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.