Will stock surge before Earnings results? Methode Electronics Stock Forecast, Price & News (NYSE:MEI)

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Earnings results for Methode Electronics Stock Forecast, Price & News (NYSE:MEI)

Methode Electronics, Inc. is expected* to report earnings on 09/03/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. The reported EPS for the same quarter last year was $0.75.

Methode Electronics last posted its quarterly earnings data on June 30th, 2020. The electronics maker reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.03. The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.05 million. Its revenue for the quarter was down 20.8% on a year-over-year basis. Methode Electronics has generated $3.12 earnings per share over the last year and currently has a price-to-earnings ratio of 9.3. Methode Electronics has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.

Analyst Opinion on Methode Electronics Stock Forecast, Price & News (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, predicting that the stock has a possible upside of 13.12%. 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 forecasted upside of 13.1% from its current price of $30.35. Methode Electronics has received no research coverage in the past 90 days.

Dividend Strength: Methode Electronics Stock Forecast, Price & News (NYSE:MEI)

Methode Electronics has a dividend yield of 1.51%, 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 14.10%. This payout ratio is at a healthy, sustainable level, below 75%.

Insiders buying/selling: Methode Electronics Stock Forecast, Price & News (NYSE:MEI)

In the past three months, Methode Electronics insiders have not sold or bought any company stock. Only 3.20% of the stock of Methode Electronics is held by insiders. 93.69% 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 Stock Forecast, Price & News (NYSE:MEI

The P/E ratio of Methode Electronics is 9.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.39. The P/E ratio of Methode Electronics is 9.31, 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 62.74. Methode Electronics has a P/B Ratio of 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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