Methode Electronics (NYSE:MEI) Issues Quarterly Earnings Results

Methode Electronics (NYSE:MEI) announced its quarterly earnings results on Thursday. The electronics maker reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03), Yahoo Finance reports. Methode Electronics had a negative net margin of 11.06% and a negative return on equity of 1.78%. The firm had revenue of $258.50 million during the quarter, compared to analyst estimates of $267.66 million. During the same quarter in the prior year, the business earned $0.06 EPS.

Methode Electronics Trading Down 5.8 %

MEI opened at $9.74 on Friday. The company has a market cap of $344.70 million, a P/E ratio of -2.79 and a beta of 0.71. The company has a current ratio of 2.76, a quick ratio of 1.95 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $11.19 and its 200-day moving average is $12.32. Methode Electronics has a 1-year low of $8.54 and a 1-year high of $27.11.

Methode Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date was Friday, July 12th. Methode Electronics’s dividend payout ratio is presently -16.05%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Robert W. Baird decreased their price objective on shares of Methode Electronics from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday. StockNews.com upgraded shares of Methode Electronics from a “sell” rating to a “hold” rating in a research note on Friday.

Methode Electronics Company Profile

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.