Methode Electronics, Inc. (MEI)

NYSE: MEI · IEX Real-Time Price · USD
48.84
-1.39 (-2.77%)
Dec 5, 2022 4:00 PM EST - Market closed
-2.77%
Market Cap 1.84B
Revenue (ttm) 1.18B
Net Income (ttm) 94.70M
Shares Out 36.57M
EPS (ttm) 2.52
PE Ratio 19.38
Forward PE 16.29
Dividend $0.56 (1.15%)
Ex-Dividend Date Oct 13, 2022
Volume 142,569
Open 50.12
Previous Close 50.23
Day's Range 48.72 - 49.92
52-Week Range 33.91 - 50.39
Beta 1.12
Analysts Buy
Price Target 52.02 (+6.5%)
Earnings Date Dec 1, 2022

About MEI

Methode Electronics, Inc. designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers. Its products include integrated center consoles, hidden switches, ergonomic switches, transmission lead-frames, and LED-based lighting and sensors, which incorporate magneto-elastic sensing... [Read more]

Industry Electronic Equipment, Instruments & Components
Founded 1946
CEO Donald Duda
Employees 7,000
Stock Exchange NYSE
Ticker Symbol MEI
Full Company Profile

Financial Performance

In 2022, MEI's revenue was $1.16 billion, an increase of 6.95% compared to the previous year's $1.09 billion. Earnings were $102.20 million, a decrease of -16.43%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for MEI stock is "Buy." The 12-month stock price forecast is 52.02, which is an increase of 6.51% from the latest price.

Price Target
$52.02
(6.51% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Methode (MEI) Q2 Earnings and Revenues Top Estimates

Methode (MEI) delivered earnings and revenue surprises of 15.38% and 7.08%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?

4 days ago - Zacks Investment Research

Methode Electronics, Inc. Reports Fiscal Second Quarter 2023 Financial Results

CHICAGO, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applica...

4 days ago - GlobeNewsWire

Methode Electronics to Announce Second Quarter Fiscal 2023 Results on Thursday, December 1, 2022

CHICAGO, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution ...

2 weeks ago - GlobeNewsWire

Methode Electronics to Present at the Sidoti Small Cap Virtual Conference

CHICAGO, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applic...

2 months ago - GlobeNewsWire

Methode Electronics' Board Approves Dividend

CHICAGO, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting, and power distribution appli...

2 months ago - GlobeNewsWire

Methode Electronics (MEI) Q1 Earnings Beat, Sales Fall Y/Y

Methode Electronics' (MEI) first-quarter fiscal 2023 results reflect lower sales volumes in the Automotive segment, mostly due to dwindling demand in Asia and Europe.

3 months ago - Zacks Investment Research

Methode (MEI) Beats Q1 Earnings and Revenue Estimates

Methode (MEI) delivered earnings and revenue surprises of 20.83% and 2.69%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Methode Electronics, Inc. Reports Fiscal 2023 First Quarter Financial Results

CHICAGO, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applic...

3 months ago - GlobeNewsWire

Methode Electronics to Announce First Quarter Fiscal 2023 Results on Thursday, September 1, 2022

CHICAGO, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution ...

3 months ago - GlobeNewsWire

Are Investors Undervaluing Methode Electronics (MEI) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

3 months ago - Zacks Investment Research

Methode Electronics to Present at the 2022 J.P. Morgan Automotive Conference

CHICAGO, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applica...

4 months ago - GlobeNewsWire

Methode Electronics (MEI) Q4 Earnings Meet Mark, Sales Down Y/Y

Methode Electronics' (MEI) fourth-quarter fiscal 2022 results suffer from lower sales volumes in the Automotive segment, mostly due to demand weakness in North America and Europe.

5 months ago - Zacks Investment Research

Methode Electronics, Inc. Reports Fiscal 2022 Fourth Quarter and Full Year Financial Results

CHICAGO, June 23, 2022 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applica...

5 months ago - GlobeNewsWire

Methode Electronics' Board Approves Dividend and Authorizes $100 Million Increase to Existing Share Buyback Program

CHICAGO, June 16, 2022 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting, and power distribution applic...

5 months ago - GlobeNewsWire

Methode Electronics, Inc. Announces Preliminary Financial Results for Fiscal 2022

Fourth Quarter and Full Year Fiscal 2022 Results to be Announced on Thursday, June 23, 2022 Fourth Quarter and Full Year Fiscal 2022 Results to be Announced on Thursday, June 23, 2022

5 months ago - GlobeNewsWire

Is Methode Electronics (MEI) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

7 months ago - Zacks Investment Research

Why Methode Electronics (MEI) Stock Might be a Great Pick

Methode Electronics (MEI) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

8 months ago - Zacks Investment Research

Methode Electronics, Inc. Reports Fiscal Third Quarter 2022 Financial Results

CHICAGO, March 03, 2022 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applic...

9 months ago - GlobeNewsWire

Methode Electronics to Announce Third Quarter Fiscal 2022 Results on Thursday, March 3, 2022

CHICAGO, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution ...

9 months ago - GlobeNewsWire

Methode Electronics to Present at the Sidoti Small Cap Virtual Investor Conference

CHICAGO, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applica...

10 months ago - GlobeNewsWire

Methode Electronics Reports Mixed Q2 Results; Slashes FY22 Outlook Citing Supply Chain Disruptions

Methode Electronics Inc (NYSE: MEI) reported the second-quarter FY22 net sales decline of 1.8% year-on-year to $295.5 million, beating the consensus of $275.8 million. The decrease was due to lower sale...

1 year ago - Benzinga

Methode Electronics, Inc. Reports Fiscal Second Quarter 2022 Financial Results

CHICAGO, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applica...

1 year ago - GlobeNewsWire

Earnings Preview For Methode Electronics

Methode Electronics (NYSE:MEI) is set to give its latest quarterly earnings report on Thursday, 2021-12-02. Here's what investors need to know before the announcement.

1 year ago - Benzinga

Nuvei Announces Closing of US $ 424,833,000 Initial Public Offering in the United States

Underwriters exercise over-allotment option in full MONTRÉAL, Oct. 8, 2021 /PRNewswire/ - Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ: MEI) TSX: NVEI), the global payment technology partner of ...

1 year ago - PRNewsWire

Methode Electronics to Present at the Sidoti Fall Virtual Investor Conference

CHICAGO, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applic...

1 year ago - GlobeNewsWire