Separately, Zacks Expense Research minimize Methode Electronics from a buy rating to a keep ranking in a research note on Thursday, May 5th.
Shares of MEI inventory traded up $.33 in the course of investing several hours on Monday, hitting $42.95. The stock experienced a trading quantity of 266,652 shares, compared to its typical volume of 200,265. The stock’s 50-day relocating ordinary value is $43.86 and its two-hundred day transferring ordinary price tag is $45.20. The firm has a debt-to-equity ratio of .22, a present-day ratio of 3.14 and a brief ratio of 2.32. Methode Electronics has a a person year low of $40.83 and a one year substantial of $50.19. The inventory has a sector capitalization of $1.59 billion, a price tag-to-earnings ratio of 13.99 and a beta of 1.08.
Methode Electronics (NYSE:MEI – Get Score) very last issued its quarterly earnings knowledge on Thursday, March 3rd. The electronics maker described $.78 earnings for each share for the quarter, topping the consensus estimate of $.72 by $.06. Methode Electronics experienced a return on equity of 12.75% and a internet margin of 9.96%. The company had profits of $291.60 million for the quarter, in contrast to analysts’ anticipations of $275.00 million. Through the exact period of time in the past yr, the business posted $.83 earnings per share. As a group, equities investigate analysts forecast that Methode Electronics will article 3.1 earnings for every share for the current fiscal yr.
The enterprise also lately declared a quarterly dividend, which was paid on Friday, April 29th. Buyers of record on Thursday, April 14th had been issued a $.14 dividend. The ex-dividend day was Wednesday, April 13th. This signifies a $.56 dividend on an annualized basis and a dividend produce of 1.30%. Methode Electronics’s payout ratio is 18.24%.
Hedge resources and other institutional investors have recently made changes to their positions in the inventory. Allspring Global Investments Holdings LLC obtained a new stake in shares of Methode Electronics in the fourth quarter valued at approximately $10,116,000. Lender of New York Mellon Corp lifted its holdings in Methode Electronics by 1.8% for the duration of the 3rd quarter. Lender of New York Mellon Corp now owns 581,490 shares of the electronics maker’s stock worth $24,451,000 just after obtaining an more 10,241 shares throughout the period. Vident Financial commitment Advisory LLC acquired a new stake in Methode Electronics in the course of the third quarter truly worth $1,076,000. Initially Republic Expenditure Management Inc. lifted its holdings in Methode Electronics by 3.3% during the 3rd quarter. 1st Republic Expenditure Management Inc. now owns 17,597 shares of the electronics maker’s inventory value $740,000 right after obtaining an additional 557 shares all through the period. Ultimately, Massachusetts Economic Solutions Co. MA lifted its holdings in Methode Electronics by 4.3% in the course of the fourth quarter. Massachusetts Money Products and services Co. MA now owns 1,307,784 shares of the electronics maker’s stock value $64,304,000 soon after buying an further 53,431 shares through the interval. Hedge resources and other institutional investors very own 95.41% of the company’s inventory.
About Methode Electronics (Get Ranking)
Methode Electronics, Inc layouts, manufactures, and marketplaces part and subsystem devices throughout the world. It operates by means of 4 segments: Automotive, Industrial, Interface, and Professional medical. The Automotive segment provides digital and electro-mechanical products, and linked products to car unique equipment companies immediately or by means of their tiered suppliers.
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