Methode Electronics Declares Quarterly Dividend of $0.07 (MEI)
Methode Electronics (NYSE:MEI) declared a quarterly dividend on Friday, March 15th. Investors of record on Friday, April 12th will be given a dividend of $0.07 per share on Friday, April 26th. This represents a $0.28 dividend on an annualized basis and a yield of 2.06%.
A number of research firms have also recently commented on MEI. Analysts at Robert W. Baird raised their price target on shares of Methode Electronics from $11.00 to $12.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Craig Hallum initiated coverage on shares of Methode Electronics in a research note to investors on Monday, February 4th. They set a “buy” rating and a $15.00 price target on the stock.
Shares of Methode Electronics (NYSE: MEI) traded down 1.78% during mid-day trading on Friday, hitting $13.26. Methode Electronics has a one year low of $6.94 and a one year high of $14.02. The stock’s 50-day moving average is currently $12.04. The company has a market cap of $491.4 million and a P/E ratio of 14.06.
Methode Electronics (NYSE: MEI) last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.07. The company had revenue of $122.98 million for the quarter, compared to the consensus estimate of $107.02 million. During the same quarter last year, the company posted $0.11 earnings per share. Methode Electronics’s revenue was up 9.8% compared to the same quarter last year. Analysts expect that Methode Electronics will post $0.46 EPS for the current fiscal year.
Methode Electronics, Inc. (Methode) is a global designer and manufacturer of electro-mechanical devices.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.