Equities research analysts expect that Methode Electronics Inc. (NYSE:MEI) will report $0.71 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Methode Electronics’ earnings, with the highest EPS estimate coming in at $0.75 and the lowest estimate coming in at $0.66. Methode Electronics reported earnings of $0.98 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 27.6%. The firm is expected to announce its next earnings report on Thursday, June 20th.

On average, analysts expect that Methode Electronics will report full year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.58. For the next year, analysts anticipate that the firm will post earnings of $3.56 per share, with EPS estimates ranging from $3.41 to $3.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Methode Electronics.

Methode Electronics (NYSE:MEI) last released its earnings results on Thursday, March 7th. The electronics maker reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.23. The firm had revenue of $246.90 million for the quarter, compared to the consensus estimate of $259.29 million. Methode Electronics had a net margin of 10.76% and a return on equity of 18.64%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 EPS.

A number of analysts have recently weighed in on MEI shares. Zacks Investment Research raised shares of Methode Electronics from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Craig Hallum raised shares of Methode Electronics from a “hold” rating to a “buy” rating and upped their target price for the stock from $25.00 to $42.00 in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Methode Electronics has an average rating of “Hold” and a consensus price target of $40.25.

In other news, CAO Amit N. Patel acquired 1,021 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average cost of $27.54 per share, with a total value of $28,118.34. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in Methode Electronics during the 4th quarter valued at about $17,166,000. Investment Counselors of Maryland LLC lifted its stake in shares of Methode Electronics by 44.3% in the 4th quarter. Investment Counselors of Maryland LLC now owns 808,002 shares of the electronics maker’s stock worth $18,818,000 after purchasing an additional 247,907 shares during the period. THB Asset Management lifted its stake in shares of Methode Electronics by 151.4% in the 1st quarter. THB Asset Management now owns 276,942 shares of the electronics maker’s stock worth $7,970,000 after purchasing an additional 166,801 shares during the period. LSV Asset Management lifted its stake in shares of Methode Electronics by 12.6% in the 4th quarter. LSV Asset Management now owns 1,316,081 shares of the electronics maker’s stock worth $30,651,000 after purchasing an additional 146,756 shares during the period. Finally, Nordea Investment Management AB bought a new position in shares of Methode Electronics in the 4th quarter worth approximately $3,204,000. 96.70% of the stock is currently owned by institutional investors.

Shares of NYSE:MEI traded up $0.16 during midday trading on Friday, reaching $28.11. The company’s stock had a trading volume of 123,538 shares, compared to its average volume of 242,314. The company has a market capitalization of $1.02 billion, a PE ratio of 9.37 and a beta of 1.43. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.53 and a quick ratio of 1.83. Methode Electronics has a 12-month low of $20.99 and a 12-month high of $45.45.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, April 11th. Methode Electronics’s dividend payout ratio (DPR) is 14.67%.

About Methode Electronics

Methode Electronics, Inc designs, manufactures, and markets component and subsystem devices worldwide. The company operates through four segments: Automotive, Interface, Power Products, and Other. The Automotive segment offers electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.

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