Methode Electronics (NYSE:MEI – Get Free Report) announced its earnings results on Thursday. The electronics maker reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03), Yahoo Finance reports. The firm had revenue of $258.50 million for the quarter, compared to analyst estimates of $267.66 million. Methode Electronics had a negative return on equity of 1.78% and a negative net margin of 11.06%. During the same quarter last year, the business earned $0.06 EPS.
Methode Electronics Trading Down 5.8 %
MEI opened at $9.74 on Friday. The company has a current ratio of 2.76, a quick ratio of 1.95 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $344.70 million, a PE ratio of -2.79 and a beta of 0.72. Methode Electronics has a 1-year low of $8.54 and a 1-year high of $27.11. The firm has a 50-day moving average price of $11.19 and a two-hundred day moving average price of $12.25.
Methode Electronics Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.75%. The ex-dividend date of this dividend was Friday, July 12th. Methode Electronics’s payout ratio is presently -16.05%.
Analysts Set New Price Targets
View Our Latest Research Report on Methode Electronics
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.
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