Methode Electronics (NYSE:MEI) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, December 6th. Analysts expect the company to announce earnings of $0.63 per share for the quarter.
Shares of Methode Electronics (MEI) opened at $46.70 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.32 and a quick ratio of 3.81. Methode Electronics has a 12-month low of $36.05 and a 12-month high of $48.44. The stock has a market capitalization of $1,719.03, a price-to-earnings ratio of 18.10, a P/E/G ratio of 1.21 and a beta of 0.77.
A number of research analysts recently commented on MEI shares. FBR & Co reissued a “buy” rating on shares of Methode Electronics in a research note on Thursday, August 31st. Zacks Investment Research raised Methode Electronics from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Wednesday, October 18th. Robert W. Baird reaffirmed a “buy” rating and set a $46.00 price objective on shares of Methode Electronics in a research note on Tuesday, October 17th. ValuEngine raised Methode Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Finally, B. Riley reaffirmed a “buy” rating on shares of Methode Electronics in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Methode Electronics has an average rating of “Buy” and an average price target of $49.50.
Methode Electronics Company Profile
Methode Electronics, Inc (Methode) is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other.
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