Earnings and Growth Analysis : Methode Electronics Inc. (NYSE:MEI)

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Earnings results for Methode Electronics Inc. (NYSE:MEI)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingApr 2020 , the consensus EPS* forecast has remained the same over the past week at 0.77 and increased over the past month from 0.75 to 0.77(2.67%). Of the 1 analysts making quarterly forecasts, 1raised and none lowered their forecast. For the fiscal year ending Apr 2020 , the consensus EPS* forecast has remained the same over the past week at 3.22 and increased over the past month from 3.19 to 3.22(0.94%). Of the 1 analysts making yearly forecasts, 1raised and none lowered their forecast.

Analyst Opinion on Methode Electronics Inc. (NYSE:MEI)

3 Wall Street analysts have issued ratings and price targets for Methode Electronics in the last 12 months. Their average twelve-month price target is $34.33, suggesting that the stock has a possible upside of 9.76%. The high price target for MEI is $40.00 and the low price target for MEI is $24.00. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Methode Electronics has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $34.33, Methode Electronics has a potential upside of 9.8% from its current price of $31.28. Methode Electronics has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Methode Electronics Inc. (NYSE:MEI)

Methode Electronics has a dividend yield of 1.47%, which is in the bottom 25% of all stocks that pay dividends. Methode Electronics has only been increasing its dividend for 1 years. The dividend payout ratio of Methode Electronics is 14.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Methode Electronics will have a dividend payout ratio of 15.66% next year. This indicates that Methode Electronics will be able to sustain or increase its dividend.

Insiders buying/selling: Methode Electronics Inc. (NYSE:MEI)

In the past three months, Methode Electronics insiders have not sold or bought any company stock. Only 4.40% of the stock of Methode Electronics is held by insiders. 93.25% of the stock of Methode Electronics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Methode Electronics Inc. (NYSE:MEI

Earnings for Methode Electronics are expected to decrease by -12.73% in the coming year, from $3.22 to $2.81 per share. The P/E ratio of Methode Electronics is 10.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.20. The P/E ratio of Methode Electronics is 10.19, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.75. Methode Electronics has a P/B Ratio of 1.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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