Methode Electronics (MEI) Getting Somewhat Favorable Press Coverage, Analysis Shows
Media coverage about Methode Electronics (NYSE:MEI) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Methode Electronics earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media stories about the electronics maker an impact score of 46.5206092036414 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- $190.63 Million in Sales Expected for Methode Electronics, Inc. (MEI) This Quarter (americanbankingnews.com)
- Methode Electronics (MEI) to Acquire Pacific Insight for $114M (streetinsider.com)
- Methode Electronics (MEI) versus Electro Scientific Industries (ESIO) Financial Analysis (americanbankingnews.com)
- Critical Review: CTS Corporation (CTS) & Methode Electronics (NYSE:MEI) (americanbankingnews.com)
- Methode Electronics (MEI) to Acquire Pacific Insight for $114M – StreetInsider.com (streetinsider.com)
A number of research analysts have commented on the stock. BidaskClub downgraded shares of Methode Electronics from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. B. Riley reissued a “buy” rating and set a $49.00 target price on shares of Methode Electronics in a research report on Friday, June 23rd. FBR & Co reissued an “outperform” rating and set a $49.00 target price on shares of Methode Electronics in a research report on Tuesday, July 18th. Robert W. Baird reissued an “outperform” rating and set a $47.00 target price (down previously from $51.00) on shares of Methode Electronics in a research report on Monday, June 19th. Finally, Zacks Investment Research downgraded shares of Methode Electronics from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $46.00.
Shares of Methode Electronics (NYSE:MEI) opened at 38.95 on Monday. The stock has a 50 day moving average of $40.53 and a 200-day moving average of $41.98. The company has a market capitalization of $1.43 billion, a PE ratio of 15.71 and a beta of 0.76. Methode Electronics has a 12-month low of $29.85 and a 12-month high of $46.40.
Methode Electronics (NYSE:MEI) last released its earnings results on Thursday, June 22nd. The electronics maker reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.05. Methode Electronics had a net margin of 11.38% and a return on equity of 18.81%. The firm had revenue of $219.70 million for the quarter, compared to analyst estimates of $214.39 million. During the same period in the prior year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Analysts predict that Methode Electronics will post $2.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.92%. Methode Electronics’s payout ratio is 14.52%.
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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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