Methode Electronics/$MEI

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About Methode Electronics

Methode Electronics Inc makes component and subsystem devices employing electrical, radio remote control, electronic, wireless, and sensing technologies. The firm is organized into various business segments: Automotive, Industrial, Interface, and Medical. The Automotive segment which generates maximum revenue, supplies electronic and electro-mechanical devices and related products to automobiles. The products manufactured in the automotive segment include overhead and center consoles, hidden and ergonomic switches, insert molded components, LED-based lighting, and sensors. Geographically, the company generates maximum revenue from North America and the rest from Europe, the Middle East & Africa (EMEA), and Asia.

Ticker

$MEI

Primary listing

NYSE

Industry

Electronic Equipment, Instruments & Components

Employees

7,500

ISIN

US5915202007

MEI Metrics

BasicAdvanced
$325M
-
-$2.59
0.77
$0.56
6.15%

What the Analysts think about MEI

Analyst ratings (Buy, Hold, Sell) for Methode Electronics stock.

Bulls say / Bears say

Methode Electronics has secured $382 million in contract awards in the electric vehicle (EV) segment through Q3, up from $262 million in all of 2022, indicating strong growth potential in the EV market. (seekingalpha.com)
The acquisition of Northern Lights, valued at approximately €132 million, is expected to be accretive to earnings for fiscal 2024, enhancing Methode's product offerings in OEM lighting and expanding its presence in industrial and non-auto transportation markets. (seekingalpha.com)
Analyst firm Sidoti upgraded Methode Electronics from a 'neutral' rating to a 'buy' rating with a $14.00 price objective, suggesting confidence in the company's future performance. (defenseworld.net)
Methode Electronics reported a quarterly adjusted loss of $0.21 per share for the quarter ended January 31, missing analyst expectations of a $0.07 loss, indicating financial underperformance. (tradingview.com)
The company experienced a 7.6% year-over-year decline in revenue to $239.90 million for the quarter ended January 31, falling short of analyst expectations of $265.28 million, reflecting operational challenges. (tradingview.com)
Robert W. Baird lowered its price objective for Methode Electronics from $14.00 to $9.00, maintaining a 'neutral' rating, indicating concerns about the company's near-term prospects. (techdows.com)
Data summarised monthly by Lightyear AI. Last updated on 14 Jun 2025.

MEI Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

MEI Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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