News articles about Methode Electronics (NYSE:MEI) have trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Methode Electronics earned a news impact score of 0.12 on Accern’s scale. Accern also gave media stories about the electronics maker an impact score of 46.5383155110341 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Head to Head Analysis: Methode Electronics (MEI) & Its Rivals (americanbankingnews.com)
- Cash Dividend On The Way From Methode Electronics (MEI) (nasdaq.com)
- Critical Review: Methode Electronics (MEI) vs. The Competition (americanbankingnews.com)
- Q2 2018 EPS Estimates for Methode Electronics, Inc. (MEI) Lowered by Analyst (americanbankingnews.com)
- Comparing Methode Electronics (MEI) and Its Rivals (americanbankingnews.com)
Shares of Methode Electronics (MEI) traded up 0.23% during trading on Wednesday, reaching $44.50. 89,399 shares of the company were exchanged. The stock has a market capitalization of $1.64 billion, a P/E ratio of 18.02 and a beta of 0.76. The stock has a 50-day moving average of $40.52 and a 200 day moving average of $41.03. Methode Electronics has a 52-week low of $29.85 and a 52-week high of $46.40.
Methode Electronics (NYSE:MEI) last issued its earnings results on Thursday, August 31st. The electronics maker reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.12. The business had revenue of $201.20 million for the quarter, compared to the consensus estimate of $189.40 million. Methode Electronics had a net margin of 11.16% and a return on equity of 18.11%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share. On average, equities analysts anticipate that Methode Electronics will post $2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, October 12th. Methode Electronics’s payout ratio is 14.63%.
Several research firms have recently commented on MEI. B. Riley restated a “buy” rating and set a $49.00 price target on shares of Methode Electronics in a research report on Wednesday, June 28th. BidaskClub upgraded shares of Methode Electronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. ValuEngine upgraded shares of Methode Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Zacks Investment Research lowered shares of Methode Electronics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, FBR & Co reiterated an “outperform” rating and issued a $49.00 target price on shares of Methode Electronics in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $48.33.
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Methode Electronics Company Profile
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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