Methode Electronics (MEI) Expected to Announce Earnings on Wednesday

Methode Electronics (NYSE:MEI) will likely be posting 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 are interested in participating in the company’s earnings conference call can do so using this link.

Methode Electronics (NYSE:MEI) last released its quarterly earnings results on Thursday, December 5th. The electronics maker reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business earned $0.06 earnings per share. 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 Up 8.2 %

NYSE MEI opened at $11.36 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.46. Methode Electronics has a 1-year low of $8.54 and a 1-year high of $21.86. The company has a 50 day moving average of $11.52 and a 200-day moving average of $10.97. The company has a market cap of $405.03 million, a price-to-earnings ratio of -4.49 and a beta of 0.76.

Methode Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a dividend of $0.14 per share. The ex-dividend date was Friday, January 17th. This represents a $0.56 annualized dividend and a yield of 4.93%. Methode Electronics’s dividend payout ratio is currently -22.13%.

Analyst Upgrades and Downgrades

MEI has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on shares of Methode Electronics from $13.00 to $16.00 and gave the company a “neutral” rating in a research 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 objective for the company in a research report on Tuesday.

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.