Methode Electronics (MEI) Receiving Somewhat Positive Media Coverage, Report Finds
Press coverage about Methode Electronics (NYSE:MEI) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Methode Electronics earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news headlines about the electronics maker an impact score of 47.2887488610211 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- New Strong Buy Stocks for November 30th (zacks.com)
- Methode Electronics Inc.: Methode Electronics to Announce Second-Quarter … (twst.com)
- Methode Electronics (MEI) Scheduled to Post Quarterly Earnings on Wednesday (americanbankingnews.com)
- New Strong Buy Stocks for November 28th – Nasdaq (nasdaq.com)
- Methode Electronics to Announce Second-Quarter Fiscal 2018 Results on Thursday, December 7, 2017 (finance.yahoo.com)
A number of research analysts have recently weighed in on MEI shares. Zacks Investment Research lowered Methode Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. BidaskClub upgraded shares of Methode Electronics from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. FBR & Co restated a “buy” rating on shares of Methode Electronics in a report on Thursday, August 31st. Robert W. Baird reaffirmed a “buy” rating and issued a $47.00 target price on shares of Methode Electronics in a research report on Sunday, September 24th. Finally, ValuEngine raised shares of Methode Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $49.50.
Methode Electronics (NYSE:MEI) opened at $47.10 on Friday. Methode Electronics has a 52-week low of $36.05 and a 52-week high of $48.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.81 and a current ratio of 4.32. The stock has a market cap of $1,757.68, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 1.24 and a beta of 0.80.
Methode Electronics (NYSE:MEI) last issued its quarterly earnings data on Thursday, August 31st. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.12. Methode Electronics had a net margin of 11.16% and a return on equity of 18.11%. The company had revenue of $201.20 million for the quarter, compared to the consensus estimate of $189.40 million. During the same period last year, the firm posted $0.57 EPS. Methode Electronics’s revenue for the quarter was up 4.8% on a year-over-year basis. equities analysts anticipate that Methode Electronics will post 2.58 earnings per share for the current fiscal year.
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About Methode Electronics
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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