Methode Electronics (MEI) Scheduled to Post Earnings on Thursday

Methode Electronics (NYSE:MEI) is set to issue its quarterly earnings data before the market opens on Thursday, June 20th. Analysts expect the company to announce earnings of $0.70 per share for the quarter.

NYSE:MEI opened at $27.00 on Friday. The company has a market capitalization of $973.84 million, a PE ratio of 9.00 and a beta of 1.49. The company has a current ratio of 2.53, a quick ratio of 1.83 and a debt-to-equity ratio of 0.43. Methode Electronics has a 12-month low of $20.99 and a 12-month high of $45.45.

MEI has been the topic of a number of recent research reports. Zacks Investment Research raised Methode Electronics from a “sell” rating to a “hold” rating and set a $33.00 target price on the stock in a report on Thursday, March 7th. Craig Hallum upgraded Methode Electronics from a “hold” rating to a “buy” rating and lifted their price target for the company from $25.00 to $42.00 in a research note on Friday, March 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Methode Electronics currently has a consensus rating of “Hold” and an average price target of $40.25.

In other Methode Electronics news, CAO Amit N. Patel purchased 1,021 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average cost of $27.54 per share, for a total transaction of $28,118.34. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is owned by insiders.

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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.

See Also: Quick Ratio

Earnings History for Methode Electronics (NYSE:MEI)

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