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.
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