Somewhat Positive Media Coverage Somewhat Unlikely to Impact Methode Electronics (MEI) Stock Price
News stories about Methode Electronics (NYSE:MEI) have trended somewhat positive on Friday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Methode Electronics earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the electronics maker an impact score of 45.9808651127455 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Methode Electronics (NYSE:MEI) traded up $0.60 during midday trading on Friday, reaching $46.50. 200,837 shares of the company’s stock were exchanged, compared to its average volume of 219,863. Methode Electronics has a 12 month low of $34.00 and a 12 month high of $47.40. The company has a market cap of $1,710.00, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.18 and a beta of 0.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.81 and a current ratio of 4.32.
Methode Electronics (NYSE:MEI) last released its earnings results on Thursday, August 31st. The electronics maker reported $0.60 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $189.40 million. During the same quarter last year, the business earned $0.57 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. sell-side analysts predict that Methode Electronics will post 2.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Thursday, October 12th. Methode Electronics’s payout ratio is 14.63%.
Several brokerages have recently weighed in on MEI. B. Riley reiterated a “buy” rating on shares of Methode Electronics in a research note on Wednesday, November 1st. Robert W. Baird reiterated a “buy” rating and issued a $46.00 price objective on shares of Methode Electronics in a research note on Tuesday, October 17th. BidaskClub cut shares of Methode Electronics from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. FBR & Co reiterated an “outperform” rating and issued a $49.00 price objective on shares of Methode Electronics in a research note on Tuesday, July 18th. Finally, ValuEngine cut shares of Methode Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Methode Electronics has a consensus rating of “Buy” and a consensus target price of $49.50.
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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