Methode Electronics (NYSE:MEI) Announces Earnings Results

Methode Electronics (NYSE:MEI) announced its quarterly earnings data on Tuesday. The electronics maker reported ($0.29) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.11, RTT News reports. The company had revenue of $240.50 million during the quarter, compared to the consensus estimate of $224.57 million. Methode Electronics had a negative net margin of 5.97% and a negative return on equity of 5.60%. During the same quarter in the prior year, the firm earned ($0.31) EPS. Methode Electronics updated its FY 2026 guidance to EPS.

Methode Electronics Trading Up 3.0%

NYSE MEI opened at $7.47 on Wednesday. Methode Electronics has a one year low of $5.08 and a one year high of $17.45. The company’s 50 day moving average price is $7.30 and its 200 day moving average price is $7.41. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.57 and a current ratio of 2.40. The firm has a market capitalization of $263.02 million, a price-to-earnings ratio of -4.20 and a beta of 1.07.

Methode Electronics Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Monday, July 21st were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, July 21st. Methode Electronics’s dividend payout ratio (DPR) is currently -15.73%.

Institutional Trading of Methode Electronics

A number of hedge funds have recently made changes to their positions in MEI. EverSource Wealth Advisors LLC grew its position in shares of Methode Electronics by 1,027.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,089 shares of the electronics maker’s stock worth $29,000 after buying an additional 2,815 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Methode Electronics during the second quarter worth approximately $107,000. Strs Ohio acquired a new stake in shares of Methode Electronics during the first quarter worth approximately $133,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Methode Electronics during the second quarter worth approximately $179,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Methode Electronics during the second quarter worth approximately $234,000. Institutional investors and hedge funds own 95.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Methode Electronics from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Methode Electronics presently has an average rating of “Moderate Buy” and a consensus price target of $10.50.

Methode Electronics Company Profile

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.