In the latest session, Methode Electronics, Inc. (NYSE: MEI) closed at $13.69 down -3.05% from its previous closing price of $14.12. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 697155 shares were traded.
Ratios:
For a deeper understanding of Methode Electronics, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.10. For the most recent quarter (mrq), Quick Ratio is recorded 1.85 and its Current Ratio is at 2.74. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.42.
On November 22, 2022, Jefferies started tracking the stock assigning a Buy rating and target price of $52.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 21 ’23 when DUDA DONALD W bought 23,245 shares for $21.80 per share. The transaction valued at 506,636 led to the insider holds 23,245 shares of the business.
ASPATORE WALTER J bought 1,000 shares of MEI for $22,500 on Sep 20 ’23. The Director now owns 19,000 shares after completing the transaction at $22.50 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MEI now has a Market Capitalization of 499.71M and an Enterprise Value of 734.31M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.43 while its Price-to-Book (P/B) ratio in mrq is 0.58. Its current Enterprise Value per Revenue stands at 0.65 whereas that against EBITDA is 59.22.
Stock Price History:
Over the past 52 weeks, MEI has reached a high of $46.58, while it has fallen to a 52-week low of $13.09. The 50-Day Moving Average of the stock is 20.99, while the 200-Day Moving Average is calculated to be 27.01.
Shares Statistics:
For the past three months, MEI has traded an average of 338.98K shares per day and 506.71k over the past ten days. A total of 35.82M shares are outstanding, with a floating share count of 33.09M. Insiders hold about 6.51% of the company’s shares, while institutions hold 96.65% stake in the company. Shares short for MEI as of Feb 15, 2024 were 1.04M with a Short Ratio of 3.06, compared to 777k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.91% and a Short% of Float of 5.08%.
Dividends & Splits
According to the company, the forward annual dividend rate for MEI is 0.56, from 0.56 in the trailing year. Against a Trailing Annual Dividend Yield of 3.97%, it implies a Forward Annual Dividend Yield of 3.97%. The stock’s 5-year Average Dividend Yield is 1.43. The current Payout Ratio is 26.71% for MEI, which recently paid a dividend on Jan 26, 2024 with an ex-dividend date of Jan 11, 2024. Stock splits for the company last occurred on Apr 30, 2001 when the company split stock in a 10000:3742 ratio.
Earnings Estimates
There are 2 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of $0.15 and a low estimate of -$0.27, while EPS last year was $0.22. The consensus estimate for the next quarter is $0.14, with high estimates of $0.33 and low estimates of -$0.04.
Analysts are recommending an EPS of between $0.36 and $0.36 for the fiscal current year, implying an average EPS of $0.36. EPS for the following year is $0.76, with 2 analysts recommending between $1.26 and $0.27.
Revenue Estimates
A total of 2 analysts believe the company’s revenue will be $261.33M this quarter.It ranges from a high estimate of $272M to a low estimate of $250.66M. As of the current estimate, Methode Electronics, Inc.’s year-ago sales were $301.2M, an estimated decrease of -13.20% from the year-ago figure.
A total of 2 analysts have provided revenue estimates for MEI’s current fiscal year. The highest revenue estimate was $1.11B, while the lowest revenue estimate was $1.09B, resulting in an average revenue estimate of $1.1B. In the same quarter a year ago, actual revenue was $1.18B, down -6.90% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $1.02B in the next fiscal year. The high estimate is $1.11B and the low estimate is $935.5M. The average revenue growth estimate for next year is down -6.90% from the average revenue estimate for this year.
