B. Riley reaffirmed their buy rating on shares of Methode Electronics Inc. (NYSE:MEI) in a report issued on Saturday morning. They currently have a $49.00 price target on the electronics maker’s stock.

MEI has been the topic of several other research reports. Zacks Investment Research upgraded Methode Electronics from a sell rating to a hold rating in a research note on Saturday, November 19th. FBR & Co reiterated an outperform rating and issued a $55.00 price target (up previously from $50.00) on shares of Methode Electronics in a research note on Friday, March 3rd. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $47.00.

Methode Electronics (NYSE:MEI) opened at 43.75 on Friday. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 17.77 and a beta of 0.94. The stock’s 50 day moving average price is $43.96 and its 200-day moving average price is $40.03. Methode Electronics has a one year low of $27.13 and a one year high of $46.40.

Methode Electronics (NYSE:MEI) last announced its quarterly earnings data on Thursday, March 2nd. The electronics maker reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.10. The firm earned $195.60 million during the quarter, compared to analysts’ expectations of $195.23 million. Methode Electronics had a return on equity of 18.22% and a net margin of 10.76%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS. On average, equities research analysts expect that Methode Electronics will post $2.51 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, April 11th. This represents a $0.36 dividend on an annualized basis and a yield of 0.82%. Methode Electronics’s dividend payout ratio is currently 15.79%.

Large investors have recently modified their holdings of the company. Denali Advisors purchased a new stake in shares of Methode Electronics during the fourth quarter worth $1,130,000. Russell Frank Co raised its stake in shares of Methode Electronics by 3.6% in the fourth quarter. Russell Frank Co now owns 154,744 shares of the electronics maker’s stock worth $4,947,000 after buying an additional 5,435 shares in the last quarter. Capital Fund Management S.A. raised its stake in shares of Methode Electronics by 88.6% in the fourth quarter. Capital Fund Management S.A. now owns 40,900 shares of the electronics maker’s stock worth $1,302,000 after buying an additional 19,209 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its stake in shares of Methode Electronics by 9.9% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,177,143 shares of the electronics maker’s stock worth $37,469,000 after buying an additional 105,876 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Methode Electronics by 12.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 34,632 shares of the electronics maker’s stock worth $1,102,000 after buying an additional 3,969 shares in the last quarter. Institutional investors and hedge funds own 92.09% of the company’s stock.

About Methode Electronics

Methode Electronics, Inc (Methode) is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other.

5 Day Chart for NYSE:MEI

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