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Methode Electronics (MEI)
NYSE:MEI
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MEI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$8.54 - $25.34
Previous Close$9.26
Volume429.82K
Average Volume (3M)381.87K
Market Cap
$322.84M
Enterprise Value$534.34M
Total Cash (Recent Filing)$111.30M
Total Debt (Recent Filing)$322.80M
Price to Earnings (P/E)―
Beta1.52
Next Earnings
Dec 05, 2024EPS Estimate
-$0.16Last Dividend Ex-Date
Oct 18, 2024Dividend Yield6.11%
Share Statistics
EPS (TTM)-4.02
Shares Outstanding35,245,060
10 Day Avg. Volume375,166
30 Day Avg. Volume381,873
Standard Deviation0.12
R-Squared0.11
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)0.44
Price to Sales (P/S)0.30
Price to Cash Flow (P/CF)7.40
P/FCF Ratio20.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.49
Enterprise Value/Gross Profit2.99
Enterprise Value/Ebitda-18.88
Forecast
1Y Price Target
$13.00Price Target Upside27.20% Upside
Rating ConsensusHold
Number of Analyst Covering2
Methode Electronics News
PremiumPre-Earnings
Is MEI a Buy, Before Earnings?Bulls Say, Bears Say
Bulls Say
LeadershipPositive first impression of new CEO Jon DeGaynor.
Operational PerformanceManagement cited improved operations in North America (including MEI’s Monterrey, Mexico facility) and EMEA overall.
Strategic InitiativesMEI is fully focused on profitability improvement and is currently undertaking initiatives to reduce costs in the areas of sourcing, logistics, sales and administrative costs.
Bears Say
Leadership TransitionDue to the transition at the CEO position coupled with market and operational challenges, MEI has suspended forward-looking guidance.
Operational ChallengesMEI experienced operational challenges throughout FY/24 driven by increased program launches, labor turnover and higher overall costs.
Sales DeclineMEI's net sales declined 10.8% to $258.5 million driven by lower sales in Asia due to an automotive program roll-off and weakness in commercial vehicle lighting.
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Ownership Overview
3.90% Insiders
32.18% Mutual Funds
0.97% Other Institutional Investors
43.74% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MEI FAQ
What was Methode Electronics’s price range in the past 12 months?
Methode Electronics lowest stock price was $8.54 and its highest was $25.34 in the past 12 months.
What is Methode Electronics’s market cap?
Currently, no data Available
When is Methode Electronics’s upcoming earnings report date?
Methode Electronics’s upcoming earnings report date is Dec 05, 2024 which is in 26 days.
How were Methode Electronics’s earnings last quarter?
Methode Electronics released its earnings results on Sep 05, 2024. The company reported -$0.52 earnings per share for the quarter, missing the consensus estimate of -$0.31 by -$0.21.
Is Methode Electronics overvalued?
According to Wall Street analysts Methode Electronics’s price is currently Undervalued.
Does Methode Electronics pay dividends?
Methode Electronics pays a Quarterly dividend of $0.14 which represents an annual dividend yield of 6.11%. See more information on Methode Electronics dividends here
What is Methode Electronics’s EPS estimate?
Methode Electronics’s EPS estimate is -$0.16.
How many shares outstanding does Methode Electronics have?
Methode Electronics has 35,245,060 shares outstanding.
What happened to Methode Electronics’s price movement after its last earnings report?
Methode Electronics reported an EPS of -$0.52 in its last earnings report, missing expectations of -$0.31. Following the earnings report the stock price went up 2.82%.
Which hedge fund is a major shareholder of Methode Electronics?
Among the largest hedge funds holding Methode Electronics’s share is Hotchkis & Wiley Capital Management LLC. It holds Methode Electronics’s shares valued at 11M.
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Methode Electronics Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$13.00 (27.20% Upside)
$13.00 (27.20% Upside)
Blogger Sentiment
Neutral
MEI Sentiment 50%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 454.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $200.8K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Negative
20 days / 200 days
Momentum
-59.96%
12-Months-Change
Fundamentals
Return on Equity
-17.01%
Trailing 12-Months
Asset Growth
-12.46%
Trailing 12-Months
Company Description
Methode Electronics
Methode Electronics, Inc. engages in the manufacture of component and subsystem devices. It operates through the following segments: Automotive, Interface, Industrial, and Medical. The Automotive segment supplies electronic and electromechanical devices, and related products to automobile original equipment manufacturers. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions for the aerospace, appliance, commercial food service, construction, consumer, material handling, medical, military, mining, point-of-sale, and telecommunications markets. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars, and devices. The Medical segment refers to the medical device business. The company was founded by William Joseph McGinley in 1946 and is headquartered in Chicago, IL.
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MEI Company Deck
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MEI Earnings Call
Q1 2024
0:00 / 0:00
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MEI Stock 12 Month Forecast
Average Price Target
$13.00
▲(27.20% Upside)
Technical Analysis
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