Methode Electronics, Inc. (NYSE:MEI) – Equities research analysts at B. Riley upped their Q3 2018 earnings estimates for shares of Methode Electronics in a research note issued on Friday. B. Riley analyst C. Horn now expects that the electronics maker will earn $0.62 per share for the quarter, up from their prior estimate of $0.58. B. Riley has a “Buy” rating and a $49.00 price target on the stock. B. Riley also issued estimates for Methode Electronics’ Q4 2018 earnings at $0.77 EPS and FY2019 earnings at $3.00 EPS.

Several other analysts have also recently weighed in on the company. ValuEngine cut Methode Electronics from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised Methode Electronics from a “hold” rating to a “strong-buy” rating and set a $54.00 price target for the company in a report on Tuesday, November 7th. Robert W. Baird reissued a “buy” rating and set a $46.00 price target on shares of Methode Electronics in a report on Tuesday, October 17th. FBR & Co reissued a “buy” rating on shares of Methode Electronics in a report on Thursday, August 31st. Finally, BidaskClub raised Methode Electronics from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $49.50.

Shares of Methode Electronics (NYSE:MEI) opened at $42.20 on Monday. The firm has a market capitalization of $1,553.38, a P/E ratio of 16.48, a P/E/G ratio of 1.08 and a beta of 0.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.22 and a current ratio of 3.74. Methode Electronics has a fifty-two week low of $36.05 and a fifty-two week high of $48.44.

Methode Electronics (NYSE:MEI) last released its quarterly earnings data on Thursday, December 7th. The electronics maker reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.64. Methode Electronics had a return on equity of 17.07% and a net margin of 10.81%. The company had revenue of $230.10 million during the quarter, compared to analysts’ expectations of $218.03 million. During the same period last year, the firm posted $0.66 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis.

A number of large investors have recently added to or reduced their stakes in MEI. Acrospire Investment Management LLC lifted its holdings in Methode Electronics by 22.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,751 shares of the electronics maker’s stock worth $113,000 after purchasing an additional 500 shares during the last quarter. Riverhead Capital Management LLC increased its stake in Methode Electronics by 87.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,996 shares of the electronics maker’s stock worth $123,000 after acquiring an additional 1,396 shares during the period. Tower Research Capital LLC TRC bought a new position in Methode Electronics during the 2nd quarter worth $132,000. Victory Capital Management Inc. increased its stake in Methode Electronics by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,565 shares of the electronics maker’s stock worth $147,000 after acquiring an additional 536 shares during the period. Finally, Quantbot Technologies LP bought a new position in Methode Electronics during the 2nd quarter worth $156,000. 89.95% of the stock is owned by institutional investors and hedge funds.

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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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