Methode Electronics (NYSE:MEI) Announces Quarterly Earnings Results

Methode Electronics (NYSE:MEI) posted its quarterly earnings data on Thursday. The electronics maker reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.03), Yahoo Finance reports. Methode Electronics had a negative return on equity of 1.78% and a negative net margin of 11.06%. During the same quarter in the prior year, the company posted $0.06 EPS.

Methode Electronics Price Performance

Shares of NYSE:MEI traded down $0.20 on Friday, hitting $10.14. The stock had a trading volume of 11,079 shares, compared to its average volume of 566,489. Methode Electronics has a twelve month low of $8.54 and a twelve month high of $27.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.95 and a current ratio of 2.76. The firm’s 50 day moving average price is $11.20 and its 200-day moving average price is $12.41. The company has a market capitalization of $358.85 million, a price-to-earnings ratio of -2.96 and a beta of 0.71.

Methode Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.52%. The ex-dividend date of this dividend was Friday, July 12th. Methode Electronics’s dividend payout ratio (DPR) is presently -16.05%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lowered their price target on shares of Methode Electronics from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday.

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.