Methode Electronics (MEI) Posts Quarterly Results
Methode Electronics (NYSE:MEI) issued its quarterly earnings data on Thursday. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.15, Analyst Ratings Network reports.
Shares of Methode Electronics (NYSE:MEI) opened at 34.26 on Thursday. Methode Electronics has a one year low of $23.05 and a one year high of $38.57. The stock’s 50-day moving average is $32.98 and its 200-day moving average is $32.06. The company has a market cap of $1.299 billion and a P/E ratio of 13.87.
MEI has been the subject of a number of recent research reports. 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 the ratings front, analysts at Off Wall Street reiterated a “sell” rating on shares of Methode Electronics in a research note on Monday, August 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Methode Electronics currently has an average rating of “Hold” and a consensus 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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