Methode Electronics (MEI) Receiving Somewhat Positive Media Coverage, Study Shows

Headlines about Methode Electronics (NYSE:MEI) have trended somewhat positive on Monday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Methode Electronics earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the electronics maker an impact score of 46.4320389616742 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the headlines that may have effected Accern’s rankings:

Shares of Methode Electronics (NYSE:MEI) opened at $41.90 on Monday. Methode Electronics has a 1 year low of $36.05 and a 1 year high of $48.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.22 and a current ratio of 3.74. The company has a market cap of $1,600.00, a P/E ratio of 17.17, a PEG ratio of 1.08 and a beta of 0.78.

Methode Electronics (NYSE:MEI) last issued its quarterly earnings results on Thursday, December 7th. The electronics maker reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. Methode Electronics had a net margin of 10.81% and a return on equity of 17.07%. The company had revenue of $230.10 million during the quarter, compared to analysts’ expectations of $218.03 million. During the same quarter in the previous year, the company earned $0.66 EPS. Methode Electronics’s revenue was up 9.9% on a year-over-year basis. research analysts expect that Methode Electronics will post 2.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be given a dividend of $0.11 per share. This is a boost from Methode Electronics’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, January 11th. This represents a $0.44 annualized dividend and a dividend yield of 1.05%. Methode Electronics’s payout ratio is currently 18.03%.

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Methode Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. ValuEngine downgraded shares of Methode Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. B. Riley reaffirmed a “buy” rating and issued a $49.00 target price on shares of Methode Electronics in a research note on Tuesday, December 5th. Finally, Robert W. Baird reiterated a “buy” rating and set a $46.00 price target on shares of Methode Electronics in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $49.50.

In other news, Director Isabelle C. Goossen sold 2,500 shares of Methode Electronics stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $40.50, for a total transaction of $101,250.00. Following the completion of the sale, the director now owns 40,950 shares in the company, valued at approximately $1,658,475. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Joseph Elias Khoury sold 21,400 shares of Methode Electronics stock in a transaction that occurred on Friday, December 21st. The stock was sold at an average price of $40.30, for a total transaction of $862,420.00. Following the sale, the vice president now owns 267,200 shares of the company’s stock, valued at approximately $10,768,160. The disclosure for this sale can be found here. 4.40% of the stock is owned by insiders.

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Methode Electronics Company Profile

Methode Electronics, Inc (Methode) is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other.

Insider Buying and Selling by Quarter for Methode Electronics (NYSE:MEI)

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