Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Methode Electronics, Inc (NYSE: MEI) closed the day trading at $6.98 down -28.92% from the previous closing price of $9.82. In other words, the price has decreased by -$28.92 from its previous closing price. On the day, 1.57 million shares were traded.
Ratios:
For a better understanding of MEI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.75 and its Current Ratio is at 2.84. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.49.
On April 09, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $12.
Sidoti Downgraded its Buy to Neutral on March 07, 2024, while the target price for the stock was maintained at $17.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 23 ’24 when LINDSEY MARY A bought 8,800 shares for $11.38 per share. The transaction valued at 100,108 led to the insider holds 25,970 shares of the business.
Blom David P bought 9,320 shares of MEI for $100,749 on Sep 18 ’24. The Director now owns 37,531 shares after completing the transaction at $10.81 per share.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 0.35.
Stock Price History:
Over the past 52 weeks, MEI has reached a high of $21.05, while it has fallen to a 52-week low of $8.54. The 50-Day Moving Average of the stock is -38.14%, while the 200-Day Moving Average is calculated to be -36.72%.
Shares Statistics:
A total of 35.66M shares are outstanding, with a floating share count of 33.12M. Insiders hold about 7.10% of the company’s shares, while institutions hold 93.99% stake in the company.
Earnings Estimates
Investors are keenly observing as 2.0 analysts analyze and rate the current performance of Methode Electronics, Inc (MEI) in the stock market.The consensus estimate for the next quarter is $0.15, with high estimates of $0.2 and low estimates of $0.1.
Analysts are recommending an EPS of between $0.06 and -$0.3 for the fiscal current year, implying an average EPS of -$0.12. EPS for the following year is $0.94, with 2.0 analysts recommending between $1.03 and $0.85.
Revenue Estimates
3 analysts predict $292.72M in revenue for the current quarter. It ranges from a high estimate of $297.85M to a low estimate of $285.62M. As of the current estimate, Methode Electronics, Inc’s year-ago sales were $277.3MFor the next quarter, 3 analysts are estimating revenue of $276.24M. There is a high estimate of $280.28M for the next quarter, whereas the lowest estimate is $271.85M.
A total of 3 analysts have provided revenue estimates for MEI’s current fiscal year. The highest revenue estimate was $1.12B, while the lowest revenue estimate was $1.1B, resulting in an average revenue estimate of $1.11B. In the same quarter a year ago, actual revenue was $1.11BBased on 3 analysts’ estimates, the company’s revenue will be $1.16B in the next fiscal year. The high estimate is $1.2B and the low estimate is $1.13B.
