Methode Electronics (NYSE:MEI) Earning Somewhat Favorable Media Coverage, Analysis Shows

Press coverage about Methode Electronics (NYSE:MEI) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Methode Electronics earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the electronics maker an impact score of 47.2107104680422 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Methode Electronics (MEI) opened at $40.60 on Monday. Methode Electronics has a 52 week low of $36.05 and a 52 week high of $48.44. The company has a quick ratio of 3.22, a current ratio of 3.74 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1,550.31, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 1.05 and a beta of 0.82.

Methode Electronics (NYSE:MEI) last posted its quarterly earnings results on Thursday, December 7th. The electronics maker reported $0.64 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. Methode Electronics had a return on equity of 17.07% and a net margin of 10.81%. The business had revenue of $230.10 million during the quarter, compared to the consensus estimate of $218.03 million. During the same period in the prior year, the company posted $0.66 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. equities analysts anticipate that Methode Electronics will post 2.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.08%. This is an increase from Methode Electronics’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, January 11th. Methode Electronics’s dividend payout ratio is presently 18.03%.

A number of brokerages recently issued reports on MEI. B. Riley reiterated a “buy” rating on shares of Methode Electronics in a research note on Wednesday, November 1st. ValuEngine downgraded Methode Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Zacks Investment Research downgraded Methode Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $49.50.

In other news, Director Isabelle C. Goossen sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $40.50, for a total transaction of $101,250.00. Following the sale, the director now directly owns 40,950 shares of the company’s stock, valued at approximately $1,658,475. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joseph Elias Khoury sold 21,400 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $40.30, for a total value of $862,420.00. Following the sale, the vice president now directly owns 267,200 shares in the company, valued at $10,768,160. The disclosure for this sale can be found here. 4.40% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Methode Electronics (NYSE:MEI)

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