Methode Electronics (NYSE:MEI) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.43-2.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.57. The company issued revenue guidance of $880-900 million, compared to the consensus revenue estimate of $902.53 million.

Shares of Methode Electronics (NYSE MEI) opened at $45.50 on Thursday. Methode Electronics has a 12-month low of $36.05 and a 12-month high of $48.44. The firm has a market cap of $1,674.85, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.17 and a beta of 0.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.81 and a current ratio of 4.32.

Methode Electronics (NYSE:MEI) last announced its quarterly earnings results on Wednesday, December 6th. The electronics maker reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Methode Electronics had a net margin of 11.16% and a return on equity of 18.11%. The business had revenue of $230.10 million during the quarter, compared to analysts’ expectations of $218.03 million. During the same period last year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. equities research analysts anticipate that Methode Electronics will post 2.59 EPS for the current year.

Several research analysts have 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 shares of Methode Electronics from a hold rating to a buy rating and set a $50.00 price objective for the company in a research note on Wednesday, October 18th. Robert W. Baird reissued a buy rating and issued a $46.00 price objective on shares of Methode Electronics in a research note on Tuesday, October 17th. ValuEngine raised shares of Methode Electronics from a hold rating to a buy rating in a research note on Saturday, September 30th. Finally, B. Riley reissued a buy rating on shares of Methode Electronics in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Methode Electronics presently has an average rating of Buy and an average price target of $49.50.

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About Methode Electronics

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.

Earnings History and Estimates for Methode Electronics (NYSE:MEI)

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