Methode Electronics (NYSE:MEI) will be posting its quarterly earnings results before the market opens on Wednesday, December 6th. Analysts expect Methode Electronics to post earnings of $0.63 per share for the quarter.
Shares of Methode Electronics (MEI) opened at $45.70 on Tuesday. The company has a market cap of $1,719.03, a P/E ratio of 18.10, a PEG ratio of 1.20 and a beta of 0.76. The company has a current ratio of 4.32, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08. Methode Electronics has a 12-month low of $36.05 and a 12-month high of $48.44.
Several analysts have recently commented on the stock. FBR & Co reaffirmed a “buy” rating on shares of Methode Electronics in a research report on Thursday, August 31st. Zacks Investment Research raised shares of Methode Electronics from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research report on Tuesday, November 7th. Robert W. Baird reaffirmed a “buy” rating and set a $46.00 price target on shares of Methode Electronics in a research report on Tuesday, October 17th. BidaskClub lowered shares of Methode Electronics from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Finally, B. Riley reaffirmed a “buy” rating on shares of Methode Electronics in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the stock. Methode Electronics presently has an average rating of “Buy” and a consensus target price of $49.50.
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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