Brokerages expect that Methode Electronics Inc. (NYSE:MEI) will report $0.68 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Methode Electronics’ earnings. The lowest EPS estimate is $0.65 and the highest is $0.70. Methode Electronics reported earnings per share of $0.63 in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.9%. The firm is expected to announce its next earnings report on Thursday, August 29th.
On average, analysts expect that Methode Electronics will report full-year earnings of $3.32 per share for the current fiscal year, with EPS estimates ranging from $3.31 to $3.33. For the next year, analysts forecast that the firm will report earnings of $3.91 per share. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Methode Electronics.
Methode Electronics (NYSE:MEI) last announced its quarterly earnings results on Thursday, June 20th. The electronics maker reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.08). Methode Electronics had a return on equity of 16.20% and a net margin of 9.16%. The company had revenue of $266.00 million during the quarter, compared to analyst estimates of $274.36 million. During the same period in the prior year, the firm earned $0.98 EPS. Methode Electronics’s quarterly revenue was up 6.8% on a year-over-year basis.
Shares of NYSE MEI traded down $0.28 during mid-day trading on Thursday, hitting $28.18. The company had a trading volume of 480,354 shares, compared to its average volume of 245,922. Methode Electronics has a one year low of $20.99 and a one year high of $41.30. The company has a market cap of $1.08 billion, a P/E ratio of 9.52 and a beta of 1.51. The company has a 50-day moving average price of $26.97. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.40.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.44 annualized dividend and a dividend yield of 1.56%. Methode Electronics’s dividend payout ratio is 14.86%.
A number of institutional investors have recently modified their holdings of MEI. Private Capital Group LLC grew its stake in shares of Methode Electronics by 155.2% during the 1st quarter. Private Capital Group LLC now owns 906 shares of the electronics maker’s stock worth $26,000 after purchasing an additional 551 shares during the period. Versant Capital Management Inc lifted its holdings in Methode Electronics by 3,282.1% in the 1st quarter. Versant Capital Management Inc now owns 947 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 919 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in Methode Electronics in the 1st quarter valued at $90,000. Palouse Capital Management Inc. purchased a new position in Methode Electronics in the 1st quarter valued at $219,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in Methode Electronics by 328.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,306 shares of the electronics maker’s stock valued at $239,000 after purchasing an additional 6,369 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.
Methode Electronics Company Profile
Methode Electronics, Inc designs, manufactures, and markets component and subsystem devices worldwide. The company operates through four segments: Automotive, Interface, Power Products, and Other. The Automotive segment offers electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.
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