Methode Electronics (MEI) Expected to Announce Earnings on Wednesday

Methode Electronics (NYSE:MEI) is projected to announce its earnings results after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of ($0.17) per share and revenue of $264.01 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Methode Electronics (NYSE:MEI) last issued its quarterly earnings results on Thursday, December 5th. The electronics maker reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.31. Methode Electronics had a negative net margin of 8.16% and a negative return on equity of 3.26%. During the same quarter in the previous year, the company earned $0.06 EPS. On average, analysts expect Methode Electronics to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Methode Electronics Stock Performance

Shares of MEI opened at $11.36 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $405.03 million, a P/E ratio of -4.49 and a beta of 0.76. The firm’s fifty day simple moving average is $11.52 and its two-hundred day simple moving average is $10.97. Methode Electronics has a 12 month low of $8.54 and a 12 month high of $21.86.

Methode Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a dividend of $0.14 per share. The ex-dividend date was Friday, January 17th. This represents a $0.56 dividend on an annualized basis and a yield of 4.93%. Methode Electronics’s dividend payout ratio (DPR) is currently -22.13%.

Wall Street Analyst Weigh In

MEI has been the topic of a number of research analyst reports. Sidoti raised shares of Methode Electronics from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday. Robert W. Baird upped their price target on shares of Methode Electronics from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, December 6th.

About Methode Electronics

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.