Methode Electronics, Inc. (MEI)

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...

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

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%.

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