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EPS for Methode Electronics, Inc. (MEI) Expected At $0.63

December 8, 2017 - By Migdalia James

 EPS for Methode Electronics, Inc. (MEI) Expected At $0.63

Analysts expect Methode Electronics, Inc. (NYSE:MEI) to report $0.63 EPS on December, 14.They anticipate $0.03 EPS change or 4.55 % from last quarter’s $0.66 EPS. MEI’s profit would be $23.19M giving it 16.43 P/E if the $0.63 EPS is correct. After having $0.60 EPS previously, Methode Electronics, Inc.’s analysts see 5.00 % EPS growth. The stock decreased 9.01% or $4.1 during the last trading session, reaching $41.4. About 727,918 shares traded or 254.93% up from the average. Methode Electronics, Inc. (NYSE:MEI) has risen 40.98% since December 8, 2016 and is uptrending. It has outperformed by 24.28% the S&P500.

Methode Electronics, Inc. (NYSE:MEI) Ratings Coverage

Among 3 analysts covering Methode Electronics (NYSE:MEI), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Methode Electronics had 10 analyst reports since September 4, 2015 according to SRatingsIntel. The company was upgraded on Friday, June 24 by Robert W. Baird. The firm has “Buy” rating given on Thursday, September 21 by Robert W. Baird. The rating was maintained by Robert W. Baird on Monday, October 16 with “Buy”. FBR Capital maintained Methode Electronics, Inc. (NYSE:MEI) rating on Friday, March 3. FBR Capital has “Outperform” rating and $55 target. The firm has “Buy” rating by Craig Hallum given on Friday, September 4. The stock of Methode Electronics, Inc. (NYSE:MEI) has “Buy” rating given on Friday, June 23 by Robert W. Baird. FBR Capital maintained Methode Electronics, Inc. (NYSE:MEI) rating on Friday, December 9. FBR Capital has “Outperform” rating and $50 target. As per Friday, September 2, the company rating was downgraded by Craig Hallum. The company was maintained on Tuesday, December 5 by FBR Capital.

Methode Electronics, Inc. designs, manufactures, and markets component and subsystem devices worldwide. The company has market cap of $1.52 billion. The firm operates through four divisions: Automotive, Interface, Power Products, and Other. It has a 16.83 P/E ratio. The Automotive segment offers electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.

More notable recent Methode Electronics, Inc. (NYSE:MEI) news were published by: Nasdaq.com which released: “Methode Electronics, Inc. Reports Fiscal 2018 Second-Quarter Sales and Earnings” on December 07, 2017, also Marketwired.com with their article: “Methode Electronics, Inc. Reports Fiscal 2017 Sales and Earnings” published on June 22, 2017, Twst.com published: “Methode Electronics Inc.: Investor Network Invites You to the Methode …” on December 06, 2017. More interesting news about Methode Electronics, Inc. (NYSE:MEI) were released by: Nasdaq.com and their article: “Methode Electronics, Inc. (MEI) Ex-Dividend Date Scheduled for October 12, 2017” published on October 11, 2017 as well as Seekingalpha.com‘s news article titled: “Methode Electronics buying Pacific Insight for $114M” with publication date: August 01, 2017.

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