Methode Electronics (MEI) Scheduled to Post Earnings on Thursday

Methode Electronics (NYSE:MEI) will be posting its quarterly earnings results before the market opens on Thursday, July 11th. Analysts expect Methode Electronics to post earnings of ($0.21) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Methode Electronics Stock Down 7.0 %

Shares of Methode Electronics stock opened at $9.14 on Wednesday. Methode Electronics has a 1-year low of $8.54 and a 1-year high of $34.04. The company has a market capitalization of $323.46 million, a P/E ratio of -5.57 and a beta of 0.72. The business’s fifty day moving average price is $10.94 and its two-hundred day moving average price is $15.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.74 and a quick ratio of 1.85.

Methode Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 6.13%. The ex-dividend date of this dividend is Friday, July 12th. Methode Electronics’s dividend payout ratio (DPR) is presently -34.15%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group began coverage on Methode Electronics in a research report on Tuesday, April 9th. They set a “hold” rating and a $12.00 price target on the stock.

Methode Electronics Company Profile

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.