Methode Electronics (MEI) Scheduled to Post Earnings on Thursday

Methode Electronics (NYSE:MEI) is scheduled to release its earnings data before the market opens on Thursday, July 11th. Analysts expect Methode Electronics to post earnings of ($0.21) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Methode Electronics Trading Down 0.4 %

Shares of MEI stock opened at $9.96 on Thursday. The firm’s 50 day moving average price is $11.15 and its two-hundred day moving average price is $15.61. Methode Electronics has a fifty-two week low of $8.54 and a fifty-two week high of $34.04. The company has a quick ratio of 1.85, a current ratio of 2.74 and a debt-to-equity ratio of 0.40. The stock has a market cap of $352.48 million, a price-to-earnings ratio of -6.07 and a beta of 0.72.

Methode Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, July 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.62%. Methode Electronics’s payout ratio is currently -34.15%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Methode Electronics in a research note on Tuesday, April 9th. They issued a “hold” rating and a $12.00 price target for the company. Sidoti restated a “neutral” rating and issued a $17.00 price target on shares of Methode Electronics in a research note on Thursday, March 7th.

About Methode Electronics

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.