Methode Electronics (MEI) Updates FY19 Earnings Guidance

Methode Electronics (NYSE:MEI) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $2.02-2.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.67. The company issued revenue guidance of $1.0-1.04 billion, compared to the consensus revenue estimate of $1.06 billion.Methode Electronics also updated its FY 2019 guidance to $2.02-2.33 EPS.

Several equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Methode Electronics from a buy rating to a hold rating in a research report on Tuesday. ValuEngine upgraded Methode Electronics from a strong sell rating to a sell rating in a research report on Wednesday, December 5th. Craig Hallum set a $25.00 price objective on Methode Electronics and gave the stock a hold rating in a research report on Friday, December 7th. They noted that the move was a valuation call. TheStreet downgraded Methode Electronics from a b- rating to a c+ rating in a research report on Tuesday, October 2nd. Finally, Robert W. Baird downgraded Methode Electronics from an outperform rating to a neutral rating in a research report on Monday, October 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $37.00.

Shares of NYSE MEI opened at $23.47 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.56 and a quick ratio of 1.94. The company has a market cap of $888.03 million, a PE ratio of 7.82 and a beta of 1.21. Methode Electronics has a 12-month low of $22.75 and a 12-month high of $45.45.

Methode Electronics (NYSE:MEI) last issued its quarterly earnings data on Thursday, December 6th. The electronics maker reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The business had revenue of $264.00 million during the quarter, compared to the consensus estimate of $269.57 million. Methode Electronics had a return on equity of 19.33% and a net margin of 5.27%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, analysts predict that Methode Electronics will post 2.61 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Methode Electronics (MEI) Updates FY19 Earnings Guidance” was posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at

Methode Electronics Company Profile

Methode Electronics, Inc designs, manufactures, and markets component and subsystem devices worldwide. The company operates through four segments: Automotive, Interface, Power Products, and Other. The Automotive segment offers electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.

Recommended Story: Analyzing a company’s cash flow statement

Earnings History and Estimates for Methode Electronics (NYSE:MEI)

Receive News & Ratings for Methode Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methode Electronics and related companies with's FREE daily email newsletter.

Leave a Reply