Methode Electronics (MEI) Scheduled to Post Quarterly Earnings on Thursday

Methode Electronics (NYSE:MEI) will post its quarterly earnings results before the market opens on Thursday, August 30th. Analysts expect Methode Electronics to post earnings of $0.58 per share for the quarter. Methode Electronics has set its FY19 guidance at $2.81-2.96 EPS.

Methode Electronics (NYSE:MEI) last issued its quarterly earnings results on Thursday, June 21st. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.74 by $0.24. Methode Electronics had a net margin of 6.30% and a return on equity of 19.04%. The company had revenue of $249.00 million during the quarter, compared to analysts’ expectations of $247.16 million. During the same quarter in the previous year, the company earned $0.62 EPS. Methode Electronics’s revenue was up 13.3% on a year-over-year basis. On average, analysts expect Methode Electronics to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NYSE:MEI opened at $40.65 on Tuesday. Methode Electronics has a one year low of $36.75 and a one year high of $48.44. The company has a quick ratio of 2.97, a current ratio of 3.50 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.47 billion, a PE ratio of 13.45 and a beta of 0.79.

MEI has been the subject of several analyst reports. TheStreet upgraded shares of Methode Electronics from a “c+” rating to a “b+” rating in a research report on Monday, July 2nd. ValuEngine upgraded shares of Methode Electronics from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. Finally, Zacks Investment Research cut shares of Methode Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $49.00.

About Methode Electronics

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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Earnings History for Methode Electronics (NYSE:MEI)

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