Analysts Estimate Report : What to Look Out for Methode Electronics (NYSE:MEI)


Earnings results for Methode Electronics (NYSE:MEI)

Methode Electronics, Inc. is expected* to report earnings on 12/03/2020 before market open. The report will be for the fiscal Quarter ending Oct 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.78. The reported EPS for the same quarter last year was $0.64.

Methode Electronics last posted its earnings data on September 3rd, 2020. The electronics maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.28. The firm earned $190.90 million during the quarter, compared to the consensus estimate of $174.30 million. Its revenue for the quarter was down 29.3% compared to the same quarter last year. Methode Electronics has generated $3.12 earnings per share over the last year and currently has a price-to-earnings ratio of 11.7. Methode Electronics has confirmed that its next quarterly earnings report will be published on Thursday, December 3rd, 2020.

Analyst Opinion on Methode Electronics (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 $32.67, predicting that the stock has a possible downside of 8.57%. The high price target for MEI is $40.00 and the low price target for MEI is $24.00. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

Methode Electronics has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $32.67, Methode Electronics has a forecasted downside of 8.6% from its current price of $35.73. Methode Electronics has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Methode Electronics (NYSE:MEI)

Methode Electronics has a dividend yield of 1.24%, 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%. Based on earnings estimates, Methode Electronics will have a dividend payout ratio of 14.06% next year. This indicates that Methode Electronics will be able to sustain or increase its dividend.

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

In the past three months, Methode Electronics insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $671,000.00 in company stock. Only 3.20% of the stock of Methode Electronics is held by insiders. 82.28% 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 (NYSE:MEI

Earnings for Methode Electronics are expected to grow by 15.50% in the coming year, from $2.71 to $3.13 per share. The P/E ratio of Methode Electronics is 11.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.94. The P/E ratio of Methode Electronics is 11.71, 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 79.28. Methode Electronics has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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