Methode Electronics (NYSE:MEI) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Methode Electronics (NYSE:MEI) issued its earnings results on Thursday. The electronics maker reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.03), Yahoo Finance reports. Methode Electronics had a negative net margin of 11.06% and a negative return on equity of 1.78%. During the same quarter last year, the company posted $0.06 earnings per share.

Methode Electronics Price Performance

NYSE MEI traded down $0.20 on Friday, hitting $10.14. 11,079 shares of the company were exchanged, compared to its average volume of 566,489. The firm has a 50 day moving average of $11.20 and a two-hundred day moving average of $12.41. The company has a market cap of $358.85 million, a P/E ratio of -2.96 and a beta of 0.71. The company has a current ratio of 2.76, a quick ratio of 1.95 and a debt-to-equity ratio of 0.43. Methode Electronics has a 1-year low of $8.54 and a 1-year high of $27.11.

Methode Electronics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, July 12th. This represents a $0.56 annualized dividend and a yield of 5.52%. Methode Electronics’s dividend payout ratio (DPR) is -16.05%.

Analyst Ratings Changes

Separately, Robert W. Baird reduced their price target on shares of Methode Electronics from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday.

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.