Methode Electronics (NYSE:MEI) Announces Earnings Results

Methode Electronics (NYSE:MEI) announced its quarterly earnings results on Thursday. The electronics maker reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03), Yahoo Finance reports. Methode Electronics had a negative net margin of 11.06% and a negative return on equity of 1.78%. The company had revenue of $258.50 million during the quarter, compared to the consensus estimate of $267.66 million. During the same period in the previous year, the firm posted $0.06 EPS.

Methode Electronics Price Performance

Shares of NYSE MEI opened at $9.74 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 1.95. The business has a 50-day moving average of $11.19 and a 200-day moving average of $12.32. The stock has a market capitalization of $344.70 million, a price-to-earnings ratio of -2.79 and a beta of 0.71. Methode Electronics has a fifty-two week low of $8.54 and a fifty-two week high of $27.11.

Methode Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were paid a $0.14 dividend. The ex-dividend date was Friday, July 12th. This represents a $0.56 annualized dividend and a yield of 5.75%. Methode Electronics’s payout ratio is currently -16.05%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird reduced their target price on shares of Methode Electronics from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday. StockNews.com raised Methode Electronics from a “sell” rating to a “hold” rating in a research report on Friday.

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.