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Do you still hold MEI?
Fraud investigations, CEO and COO turnover
Whats going on, I thought this was a decent company?
Just In: $MEI Methode Electronics, Inc. Updates Sales Guidance and Initiates Earnings Guidance for Fiscal Second Quarter 2021
CHICAGO, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI) , a global developer of custom engineered and application specific products and solutions, announced an update today to its fiscal second quarter 2021 financial guidance. The company expects net sale...
Got this from MEI - Methode Electronics, Inc. Updates Sales Guidance and Initiates Earnings Guidance for Fiscal Second Quarter 2021
News: $MEI Methode Electronics Inc. (MEI) Q2 2020 Earnings Call Transcript
Image source: The Motley Fool. Methode Electronics Inc. (NYSE: MEI) Q2 2020 Earnings Call Dec 5, 2019 , 11:00 a.m. ET Operator Continue reading
Read the whole news MEI - Methode Electronics Inc. (MEI) Q2 2020 Earnings Call Transcript
News: $MEI Methode Electronics, Inc. Reports Fiscal 2020 Second-Quarter Results and Reaffirms Full Year EPS Guidance
CHICAGO, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI) , a global developer of custom-engineered and application-specific products and solutions, announced financial results for the second quarter of Fiscal 2020 ended October 26, 2019. Second Quarter Fisc...
Got this from MEI - Methode Electronics, Inc. Reports Fiscal 2020 Second-Quarter Results and Reaffirms Full Year EPS Guidance
News: $MEI Methode Electronics, Inc. Reports Record Sales in Fiscal 2020 First-Quarter
CHICAGO, Aug. 29, 2019 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI) , a global developer of custom-engineered and application-specific products and solutions, announced financial results for the first quarter of Fiscal 2020 ended July 27, 2019. First Quarter Fiscal 20...
Find out more Methode Electronics, Inc. Reports Record Sales in Fiscal 2020 First-Quarter
News: $MEI Methode Electronics, Inc. Reports Fiscal 2019 Third-Quarter Sales and Earnings
CHICAGO, March 07, 2019 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI) , a global developer of custom-engineered and application-specific products and solutions, announced financial results for the third quarter of Fiscal 2019 ended January 26, 2019. Third Quarter Fiscal...
Find out more https://marketwirenews.com/news-releases/methode-electronics-inc-reports-fiscal-2019-third-quarter-sales-and-earnings-7816610.html
No longer a single revenue source after acquisitions. Reliable financials, investor friendly and well diversified around the world.
Cashflow models imply MEI has small upside before earnings:
Analysis
Not sure but it was definitely an overreaction to me.. wouldn't be shocked if it crossed back over $35 soon
How high will this go?
Man they took this one down because it missed revenue by less than 1 million???? Could be a bounce play
Yes, I've made $ on this one! Thanks for your reply!
Yeah, check out the EPS forecast revision upward just in the last day! Holy cow. From $0.56 per share to $0.68. Very nice revenue growth too.
MEI is coming back quite nicely here in 2015 after bouncing off its support line. IMO it's a buy and headed to +$40/share.
MEI
It'll be back. Lots of good numbers.
MEI
Methode Electronics Receives “Buy” Rating from B. Riley (MEI)
December 12th, 2014 •
Methode Electronics logoMethode Electronics (NYSE:MEI)‘s stock had its “buy” rating reaffirmed by B. Riley in a research note issued on Friday. They currently have a $47.00 price target on the stock. B. Riley’s target price would indicate a potential upside of 31.84% from the stock’s previous close.
Separately, analysts at Zacks downgraded shares of Methode Electronics from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 5th. They now have a $43.80 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $45.20.
Methode Electronics (NYSE:MEI) traded down 7.38% during mid-day trading on Friday, hitting $33.02. 844,448 shares of the company’s stock traded hands. Methode Electronics has a 1-year low of $26.73 and a 1-year high of $43.00. The stock’s 50-day moving average is $39.18 and its 200-day moving average is $35.98. The company has a market cap of $1.260 billion and a price-to-earnings ratio of 13.21.
Methode Electronics (NYSE:MEI) last posted its quarterly earnings results on Thursday, December 11th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.12. The company had revenue of $229.70 million for the quarter, compared to the consensus estimate of $218.51 million. Analysts expect that Methode Electronics will post $2.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, January 14th.
Methode Electronics, Inc is a manufacturer of component and subsystem devices with manufacturing, designs and testing facilities in China, Egypt, Germany, India, Lebanon, Malta, Mexico, the Philippines, Singapore, Switzerland, the United Kingdom and the United States.
http://www.americanbankingnews.com/2014/12/12/methode-electronics-receives-buy-rating-from-b-riley-mei/
All they did was issue shares for an employee incentive program. Guess it spooked their investors.
They had a strong quarter, too. Also increaed 2015 outlook. Down $5 yesterday? Should recover most of it today wouldn't you think? I need to read the cc transcript.
Nice time to buy again. MEI announced a 3M share increase for employee incentive program and the market failed to digest the news. A nearly $5 pps decline happened after going as high as $42 earlier in the session.
Again, nothing has changed with the stock and it seems to be a good entry point again.
MEI
I'm out again. Bouncing its head on the ole resistance line...
Bought it again today. Bounced off its one year average. IMO a great stock to own.
Well his one turned back and is not regressing below it's yearly average. But, it is not time to buy yet!
Nice pop today! Great earnings on this stock.
Still a very good stock to own! Very solid! IMO
In my opinion, this downdraft today is an excellent entry point.
This stock has a diversified product group! A+ rated by Wiess Reports!
Looks like a one-time charge hammered the stock this morning. There is no reason this stock should be valued so low, IMO. Take a look at the report.
The 2013 financials showed continued strength. Today's were excellent too.
Guidance
Methode has raised its full-year Fiscal 2014 sales guidance to a range of $720 to $750 million and earnings per share guidance to a range of $1.70 to $1.90. This replaces the Company's previous sales guidance of $670 to $700 million and earnings per share guidance of $1.40 to $1.60. The guidance ranges for Fiscal 2014 are based upon management's current expectations regarding a variety of factors and involve a number of risks and uncertainties, including the following significant factors and assumptions considered by management in preparing this guidance:
the launch of significant awards previously announced and the corresponding sales volumes and timing thereof for certain makes and models of automobiles, trucks and SUVs for Fiscal 2014;
the uncertainty of the European economy;
foreign exchange gains or losses;
an effective tax rate below ten percent, and no significant changes in tax valuation allowances;
compensation expense related to tandem cash awards; and
no unusual or one-time items.
Methode Electronics, Inc. Reports Fiscal 2014 First-Quarter Earnings per Share Improved to 36¢ From 10¢ Year Over Year
Consolidated Sales Grow 40.9 Percent and Gross Margins Improve to 20.3 Percent; Increases Fiscal 2014 Sales and EPS Guidance
http://finance.yahoo.com/news/methode-electronics-inc-reports-fiscal-103000619.html