News headlines about Methode Electronics (NYSE:MEI) have trended somewhat negative recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Methode Electronics earned a daily sentiment score of -0.03 on Accern’s scale. Accern also gave headlines about the electronics maker an impact score of 45.77180041682 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Methode Electronics (MEI) opened at $42.55 on Friday. The firm has a market cap of $1,615.23, a price-to-earnings ratio of 17.44, a PEG ratio of 1.09 and a beta of 0.78. The company has a quick ratio of 3.22, a current ratio of 3.74 and a debt-to-equity ratio of 0.17. Methode Electronics has a 52 week low of $36.05 and a 52 week high of $48.44.
Methode Electronics (NYSE:MEI) last announced its earnings results on Thursday, December 7th. The electronics maker reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64. The business had revenue of $230.10 million during the quarter, compared to the consensus estimate of $218.03 million. Methode Electronics had a net margin of 10.81% and a return on equity of 17.07%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. analysts anticipate that Methode Electronics will post 2.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This is a boost from Methode Electronics’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 1.03%. Methode Electronics’s dividend payout ratio is currently 18.03%.
Several research analysts have recently weighed in on MEI shares. Zacks Investment Research downgraded shares of Methode Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. B. Riley restated a “buy” rating and issued a $49.00 target price on shares of Methode Electronics in a research note on Tuesday, December 5th. ValuEngine downgraded shares of Methode Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Robert W. Baird restated a “buy” rating and issued a $47.00 target price on shares of Methode Electronics in a research note on Sunday, September 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $49.50.
In related news, Director Isabelle C. Goossen sold 2,500 shares of the company’s stock in a transaction 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 sale, the director now directly owns 40,950 shares of the company’s stock, valued at $1,658,475. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Joseph Elias Khoury sold 21,400 shares of the company’s stock in a transaction on Friday, 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 directly owns 267,200 shares in the company, valued at $10,768,160. The disclosure for this sale can be found here. Corporate 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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