Methode Electronics, Inc. (MEI)

NYSE: MEI · IEX Real-Time Price · USD
12.31
+0.06 (0.53%)
Apr 17, 2024, 3:47 PM EDT - Market open
0.53%
Market Cap 435.66M
Revenue (ttm) 1.14B
Net Income (ttm) -57.90M
Shares Out 35.39M
EPS (ttm) -1.62
PE Ratio n/a
Forward PE 13.66
Dividend $0.56 (4.55%)
Ex-Dividend Date Apr 11, 2024
Volume 303,829
Open 12.33
Previous Close 12.24
Day's Range 12.27 - 12.60
52-Week Range 11.21 - 46.58
Beta 0.85
Analysts Hold
Price Target 27.00 (+119.42%)
Earnings Date Mar 7, 2024

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 and ergonomic switches, transmission lead-frames, complex insert molded solutions, LED-based lighting solutions, and sensors, which i... [Read more]

Sector Technology
Founded 1946
Employees 6,700
Stock Exchange NYSE
Ticker Symbol MEI
Full Company Profile

Financial Performance

In 2023, MEI's revenue was $1.18 billion, an increase of 1.38% compared to the previous year's $1.16 billion. Earnings were $77.10 million, a decrease of -24.56%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for MEI stock is "Hold." The 12-month stock price forecast is $27.0, which is an increase of 119.42% from the latest price.

Price Target
$27.0
(119.42% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Methode Electronics Announces CFO Transition Plan

CHICAGO, April 08, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distributi...

8 days ago - GlobeNewsWire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Methode Electronics Inc. - MEI

NEW YORK , March 27, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Methode Electronics Inc. ("Methode" or the "Company") (NYSE: MEI).  Such investors are advised...

20 days ago - PRNewsWire

Top 3 Tech Stocks That Could Lead To Your Biggest Gains In March - CalAmp (NASDAQ:CAMP), Luna Innovations (NASDAQ:LUNA)

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Other symbols: CAMPLUNA
27 days ago - Benzinga

Methode Electronics, Inc. (MEI) Investors with Losses are Urged to Contact Levi & Korsinsky to Discuss Their Rights

NEW YORK, NY / ACCESSWIRE / March 19, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Methode Electronics, Inc. ("Methode Electronics") (NYSE:MEI) concerning possi...

4 weeks ago - Accesswire

Methode Electronics, Inc. Investigation Ongoing: Contact Levi & Korsinsky About Potential Securities Fraud Allegations - MEI

NEW YORK, NY / ACCESSWIRE / March 19, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Methode Electronics, Inc. ("Methode Electronics") (NYSE:MEI) concerning possi...

4 weeks ago - Accesswire

MEI ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Methode Electronics, Inc.

NEW YORK, NY / ACCESSWIRE / March 17, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Methode Electronics, Inc. ("Methode Electronics") (NYSE:MEI) concerning possi...

4 weeks ago - Accesswire

ATTENTION MEI SHAREHOLDERS: Investors Who Lost Money on Methode Electronics, Inc. Are Urged to Contact Levi & Korsinsky About an Ongoing Investigation

NEW YORK, NY / ACCESSWIRE / March 15, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Methode Electronics, Inc. ("Methode Electronics") (NYSE:MEI) concerning possi...

4 weeks ago - Accesswire

Methode Electronics' Board Approves Dividend

CHICAGO, March 14, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting, and power distribution app...

4 weeks ago - GlobeNewsWire

MEI STOCK ALERT: Levi & Korsinsky Notifies Methode Electronics, Inc. Investors of an Ongoing Investigation

NEW YORK, NY / ACCESSWIRE / March 14, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Methode Electronics, Inc. ("Methode Electronics") (NYSE:MEI) concerning possi...

4 weeks ago - Accesswire

Methode Electronics Alert: Johnson Fistel Has Commenced a Class Action Investigation

SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson Fistel, LLP is investigating whether Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) or any of its executive officers...

5 weeks ago - Business Wire

Methode Electronics, Inc. Reports Fiscal 2024 Third Quarter Financial Results

CHICAGO, March 07, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution appl...

5 weeks ago - GlobeNewsWire

Methode Electronics to Announce Third Quarter Fiscal 2024 Results on Thursday, March 7, 2024

CHICAGO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distributio...

7 weeks ago - GlobeNewsWire

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Methode Electronics, Inc. (MEI) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Methode Electroni...

3 months ago - Business Wire

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Methode Electronics, Inc. (MEI) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) investors concerning the Compa...

3 months ago - Business Wire

The Law Offices of Frank R. Cruz Announces Investigation of Methode Electronics, Inc. (MEI) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) on behalf of investors concerning the Co...

3 months ago - Business Wire

METHODE ALERT: Bragar Eagel & Squire, P.C. is Investigating Methode Electronics Inc. on Behalf of Methode Stockholders and Encourages Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Methode Electronics Inc. (“Methode” or the “...

4 months ago - Business Wire

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Methode Electronics, Inc. Investors to Inquire About Securities Class Action Investigation – MEI

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Methode Electronics, Inc. (NYS...

4 months ago - Business Wire

Methode Electronics Appoints Avi Avula as New CEO

Seasoned Electronics Industry Leader Brings More than 20 Years of Experience Driving Transformational Growth and Value Creation Initiatives to Methode Seasoned Electronics Industry Leader Brings More ...

4 months ago - GlobeNewsWire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Methode Electronics Inc. - MEI

NEW YORK , Dec. 18, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of Methode Electronics Inc. ("Methode" or the "Company") (NYSE: MEI).   Such investors are advised to contact D...

4 months ago - PRNewsWire

Methode Electronics, Inc. Reports Fiscal 2024 Second Quarter Financial Results

CHICAGO, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution appli...

4 months ago - GlobeNewsWire

Methode Electronics to Announce Second Quarter Fiscal 2024 Results on Thursday, December 7, 2023

CHICAGO, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distributio...

5 months ago - GlobeNewsWire

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

CHICAGO, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution appl...

7 months ago - GlobeNewsWire

Methode Electronics, Inc. Reports Fiscal 2024 First Quarter Financial Results

CHICAGO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution appl...

7 months ago - GlobeNewsWire

Methode Electronics Announces Planned CEO Retirement

CHICAGO, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distributio...

8 months ago - GlobeNewsWire

Methode Electronics to Announce First Quarter Fiscal 2024 Results on Thursday, September 7, 2023

CHICAGO, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distributio...

8 months ago - GlobeNewsWire