Methode Electronics (MEI) Scheduled to Post Quarterly Earnings on Thursday
Methode Electronics (NYSE:MEI) is scheduled to be issuing its Q115 quarterly earnings data on Thursday, September 4th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $193.70 million for the quarter. Methode Electronics has set its FY15 guidance at $1.85-2.00 EPS.
Methode Electronics (NYSE:MEI) last announced its earnings results on Thursday, June 26th. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.71. The company had revenue of $224.90 million for the quarter, compared to the consensus estimate of $198.38 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 51.7% on a year-over-year basis. On average, analysts expect Methode Electronics to post $1.97 EPS for the current fiscal year and $2.40 EPS for the next fiscal year.
Methode Electronics (NYSE:MEI) opened at 34.81 on Wednesday. Methode Electronics has a 1-year low of $23.05 and a 1-year high of $38.57. The stock’s 50-day moving average is $32. and its 200-day moving average is $32.04. The company has a market cap of $1.320 billion and a P/E ratio of 13.43.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Methode Electronics from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 27th. They now have a $34.80 price target on the stock. On a related note, analysts at Off Wall Street reiterated a “sell” rating on shares of Methode Electronics in a research note on Monday, August 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Methode Electronics currently has a consensus rating of “Hold” and an average target price of $40.45.
Methode Electronics, Inc is a manufacturer of component and subsystem devices with manufacturing, designs and testing facilities in China, Egypt, Germany, India, Lebanon, Malta, Mexico, the Philippines, Singapore, Switzerland, the United Kingdom and the United States.
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