Media stories about Methode Electronics (NYSE:MEI) have been trending positive on Saturday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Methode Electronics earned a news impact score of 0.26 on Accern’s scale. Accern also assigned news stories about the electronics maker an impact score of 46.0221529516998 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Pacific Insight reaches agreement with Methode Electronics (ept.ca)
- Share Activity Lifted for Methode Electronics Inc (MEI) in Session – Sparta Review (spartareview.com)
- Methode Electronics, Inc. (MEI) noted a price change of -0.90% and Orion Energy Systems, Inc (OESX) closes with a … – Stocks Gallery (stocksgallery.com)
- Methode Electronics to Announce First-Quarter Fiscal 2018 Results on Thursday, August 31, 2017 (finance.yahoo.com)
- Methode Electronics, Inc. (MEI) has a value of $38.00 per share While Inpixon (INPX) is stand at $0.35 – Stocks Gallery (stocksgallery.com)
A number of equities analysts recently issued reports on MEI shares. Zacks Investment Research downgraded Methode Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub downgraded Methode Electronics from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Robert W. Baird reissued an “outperform” rating and issued a $47.00 price objective (down from $51.00) on shares of Methode Electronics in a report on Monday, June 19th. FBR & Co reissued an “outperform” rating and issued a $49.00 price objective on shares of Methode Electronics in a report on Tuesday, July 18th. Finally, B. Riley reissued a “buy” rating and issued a $49.00 price objective on shares of Methode Electronics in a report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.00.
Shares of Methode Electronics (MEI) opened at 38.35 on Friday. Methode Electronics has a 1-year low of $29.85 and a 1-year high of $46.40. The stock’s 50 day moving average price is $39.81 and its 200 day moving average price is $41.72. The stock has a market cap of $1.41 billion, a PE ratio of 15.46 and a beta of 0.76.
Methode Electronics (NYSE:MEI) last released its quarterly earnings data on Thursday, June 22nd. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.05. Methode Electronics had a return on equity of 18.81% and a net margin of 11.38%. The business had revenue of $219.70 million during the quarter, compared to analyst estimates of $214.39 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Methode Electronics will post $2.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, July 12th. This represents a $0.36 dividend on an annualized basis and a yield of 0.94%. Methode Electronics’s dividend payout ratio is currently 14.52%.
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.
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