During the last session, Methode Electronics, Inc (NYSE:MEI)’s traded shares were 0.32 million, with the beta value of the company hitting 0.76. At the end of the trading day, the stock’s price was $12.30, reflecting an intraday gain of 3.97% or $0.47. The 52-week high for the MEI share is $22.20, that puts it down -80.49 from that peak though still a striking 30.57% gain since the share price plummeted to a 52-week low of $8.54. The company’s market capitalization is $438.58M, and the average intraday trading volume over the past 10 days was 0.34 million shares, and the average trade volume was 423.94K shares over the past three months.

Methode Electronics, Inc (MEI) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. MEI has a Sell rating from 1 analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.1.

Methode Electronics, Inc (NYSE:MEI) trade information

Methode Electronics, Inc (MEI) registered a 3.97% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.97% in intraday trading to $12.30, hitting a weekly high. The stock’s 5-day price performance is 2.67%, and it has moved by 10.91% in 30 days. Based on these gigs, the overall price performance for the year is -41.54%. The short interest in Methode Electronics, Inc (NYSE:MEI) is 1.63 million shares and it means that shorts have 4.69 day(s) to cover.

The consensus price target of analysts on Wall Street is $13, which implies an increase of 5.38% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $13 respectively. As a result, MEI is trading at a discount of -5.69% off the target high and -5.69% off the low.

Methode Electronics, Inc (MEI) estimates and forecasts

Statistics show that Methode Electronics, Inc has underperformed its competitors in share price, compared to the industry in which it operates. Methode Electronics, Inc (MEI) shares have gone up 28.53% during the last six months, with a year-to-date growth rate less than the industry average at 6.98% against 14.50. In the rating firms’ projections, revenue will decrease -1.11% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 262.6M as predicted by 4 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 292.27M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 259.5M and 277.3M respectively. In this case, analysts expect current quarter sales to grow by 1.19% and then jump by 5.40% in the coming quarter.

While earnings are projected to return 90.15% in 2025, the next five years will return 10.00% per annum.

MEI Dividends

Methode Electronics, Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Methode Electronics, Inc is 0.56, with the dividend yield indicating at 4.55 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.97%.

Methode Electronics, Inc (NYSE:MEI)’s Major holders

Methode Electronics, Inc insiders own 5.97% of total outstanding shares while institutional holders control 97.14%, with the float percentage being 103.31%. FMR LLC is the largest shareholder of the company, while 235.0 institutions own stock in it. As of 2024-06-30, the company held over 5.31 million shares (or 15.0264% of all shares), a total value of $54.94 million in shares.

The next largest institutional holding, with 3.63 million shares, is of VANGUARD GROUP INC’s that is approximately 10.2768% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $37.58 million.