Methode Electronics/MEI

$21.46

1.23%
-
1D1W1MYTD1YMAX

About Methode Electronics

Methode Electronics, Inc. is a supplier of custom engineered solutions with sales, engineering and manufacturing locations in North America, Europe, Middle East, and Asia. The Company 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 (OEMs). The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars and devices, custom power-product assemblies, such as its PowerRail solution, high-current low-voltage flexible power cabling systems and powder-coated busbars. The Interface segment provides a variety of copper-based transceivers and user interface solutions. The Medical segment is made up of its medical device business, Dabir Surfaces, with its surface support technology aimed at pressure injury prevention.

Ticker

MEI

Sector

Technology

Trading on

NYSE

Industry

Electronic Instr. & Controls

CEO

Avinash Avula

Employees

6,700

Headquarters

Chicago, United States

MEI Metrics

BasicAdvanced
$755.06M
Market cap
-
P/E ratio
-$0.76
EPS
0.90
Beta
$0.56
Dividend rate
2.64%
Dividend yield

What the Analysts think about MEI

Analyst Ratings

Majority rating from 3 analysts.
Hold

Price Targets

Average projection from 2 analysts.
32.81% upside
High $32.00
Low $25.00
$21.46
Current price
$28.50
Average price target

MEI Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
-19.2% profit margin
QuarterlyAnnual
Q2 24
QoQ growth
Revenue
$288M
-0.59%
Net income
$-55.3M
-6,244.44%
Profit margin
-19.2%
-6,293.55%

MEI Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 60%
QuarterlyAnnual
Q3 23
Q4 23
Q1 24
Q2 24
Q3 24
Actual
$0.54
$0.22
$0.02
$0.05
-
Expected
$0.70
$0.46
$0.23
$0.13
$0.09
Surprise
-23.3%
-51.65%
-91.3%
-60%
-
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 a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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