Methode Electronics (NYSE:MEI) will post its quarterly earnings results before the market opens on Thursday, March 1st. Analysts expect Methode Electronics to post earnings of $0.66 per share for the quarter. Methode Electronics has set its FY18 guidance at $2.43-2.63 EPS.
Methode Electronics (NYSE:MEI) last posted its earnings results on Thursday, December 7th. The electronics maker reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. The firm had revenue of $230.10 million for the quarter, compared to analyst estimates of $218.03 million. Methode Electronics had a return on equity of 17.07% and a net margin of 10.81%. Methode Electronics’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. On average, analysts expect Methode Electronics to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Methode Electronics (NYSE:MEI) opened at $41.00 on Tuesday. The company has a market capitalization of $1,570.00, a PE ratio of 16.80, a P/E/G ratio of 1.05 and a beta of 0.82. Methode Electronics has a 1-year low of $36.05 and a 1-year high of $48.44. The company has a current ratio of 3.74, a quick ratio of 3.22 and a debt-to-equity ratio of 0.17.
In other Methode Electronics news, Director Isabelle C. Goossen sold 2,500 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $40.50, for a total transaction of $101,250.00. Following the transaction, the director now owns 40,950 shares in the company, valued at $1,658,475. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph Elias Khoury sold 21,400 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $40.30, for a total value of $862,420.00. Following the transaction, the vice president now owns 267,200 shares in the company, valued at approximately $10,768,160. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company’s stock.
About Methode Electronics
Methode Electronics, Inc (Methode) is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other.
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