Methode Electronics (MEI) Scheduled to Post Earnings on Thursday

Methode Electronics (NYSE:MEI) is set to announce its earnings results before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Shares of NYSE MEI opened at $36.41 on Tuesday. The company’s 50 day simple moving average is $35.51 and its 200 day simple moving average is $30.83. Methode Electronics has a fifty-two week low of $20.99 and a fifty-two week high of $37.65. The firm has a market capitalization of $1.38 billion, a P/E ratio of 12.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 1.88.

Several equities analysts recently weighed in on MEI shares. TheStreet upgraded shares of Methode Electronics from a “c+” rating to a “b” rating in a report on Wednesday, September 11th. Zacks Investment Research upgraded shares of Methode Electronics from a “sell” rating to a “hold” rating in a report on Friday, November 1st. ValuEngine lowered shares of Methode Electronics from a “sell” rating to a “strong sell” rating in a report on Thursday, October 10th. Finally, B. Riley set a $42.00 price objective on shares of Methode Electronics and gave the company a “buy” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $40.25.

In other news, Director Bruce K. Crowther bought 900 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of $31.58 per share, for a total transaction of $28,422.00. Following the completion of the acquisition, the director now owns 3,900 shares in the company, valued at approximately $123,162. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

Methode Electronics Company Profile

Methode Electronics, Inc designs, manufactures, and markets component and subsystem devices worldwide. The company operates through four segments: Automotive, Interface, Power Products, and Other. The Automotive segment offers electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.

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Earnings History for Methode Electronics (NYSE:MEI)

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