Methode Electronics (NYSE:MEI) posted its quarterly earnings results on Thursday, June 20th. The electronics maker reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.08), Briefing.com reports. Methode Electronics had a return on equity of 16.20% and a net margin of 9.16%. The firm had revenue of $266.00 million for the quarter, compared to analyst estimates of $274.36 million. During the same period last year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. Methode Electronics updated its FY 2020 guidance to $3.25-3.55 EPS and its FY20 guidance to $3.25-3.55 EPS.
NYSE MEI traded up $0.77 on Friday, hitting $28.07. 153,514 shares of the stock traded hands, compared to its average volume of 281,046. The stock’s fifty day simple moving average is $26.77. Methode Electronics has a 12 month low of $20.99 and a 12 month high of $41.30. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 9.48 and a beta of 1.51. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.51 and a quick ratio of 1.86.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, July 11th. Methode Electronics’s dividend payout ratio (DPR) is 14.86%.
About Methode Electronics
Methode Electronics, Inc designs, manufactures, and markets component and subsystem devices worldwide. The company operates through four segments: Automotive, Interface, Power Products, and Other. The Automotive segment offers electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.
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