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Last $26.75 USD
Change Today +0.08 / 0.30%
Volume 251.5K
MEI On Other Exchanges
Symbol
Exchange
Munich
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

methode electronics inc (MEI) Snapshot

Open
$26.55
Previous Close
$26.67
Day High
$26.96
Day Low
$26.38
52 Week High
06/3/15 - $49.00
52 Week Low
08/24/15 - $22.67
Market Cap
1.0B
Average Volume 10 Days
432.6K
EPS TTM
$2.72
Shares Outstanding
38.4M
EX-Date
07/15/15
P/E TM
9.8x
Dividend
$0.36
Dividend Yield
1.34%
Current Stock Chart for METHODE ELECTRONICS INC (MEI)

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methode electronics inc (MEI) Details

Methode Electronics, Inc. designs, manufactures, and markets components and subsystem devices in the United States, China, Malta, and internationally. Its Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers, and selling partners and distributors. This segment’s products include control switches for electrical power and signals, connectors for electrical devices, integrated control components, torque sensing products, switches and sensors that monitor the operation or status of a component or system, and packaging electrical components. The company’s Interface segment offers conductive polymers, connectors, custom cable assemblies, industrial safety radio remote controls, optical and copper transceivers, personal computer and express card packaging and terminators, solid-state field effect interface panels, and thick film inks; and services comprise the design and installation of fiber optic and copper infrastructure systems, and manufacturing active and passive optical components. This segment’s interface solutions are used in aerospace, appliance, commercial, computer, construction, consumer, material handling, medical, military, mining, networking, storage, and telecommunication markets. Its Power Products segment manufactures braided flexible cables, current-carrying laminated bus devices, custom power-product assemblies, flexible power cabling systems, and powder coated bus bars for aerospace, computers, industrial and power conversion, military, telecommunications, and transportation markets. The company’s Other segment offers medical devices, inverters and battery systems, and insulated gate bipolar transistor solutions; and services for the qualification, testing and certification, and analysis of electronic and optical components. Methode Electronics, Inc. was founded in 1946 and is headquartered in Chicago, Illinois.

4,295 Employees
Last Reported Date: 06/25/15
Founded in 1946

methode electronics inc (MEI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $790.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: $445.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $565.0K
Vice President and General Manager of Europea...
Total Annual Compensation: $417.3K
Vice President and General Manager of North A...
Total Annual Compensation: $345.0K
Compensation as of Fiscal Year 2015.

methode electronics inc (MEI) Key Developments

Methode Electronics, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended May 2, 2015; Provides Earnings Guidance for the Full Year of 2016; Reports Impairment of Goodwill and Intangible Assets for the Fourth Quarter Ended May 2, 2015

Methode Electronics, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended May 2, 2015. For the quarter, the company reported net sales of $227.3 million against $224.9 million a year ago. Income from operations was $14.5 against $20.4 million a year ago. Income before income taxes was $22.5 million against $23.8 million a year ago. Net income attributable to the company was $26.6 million against $48.2 million a year ago. Diluted income per share was $0.68 against $1.25 a year ago. For the year, the company reported net sales of $881.1 million against $772.8 million a year ago. Income from operations was $112.2 against $73.6 million a year ago. Income before income taxes was $120.8 million against $75.9 million a year ago. Net income attributable to the company was $101.1 million against $96.1 million a year ago. Diluted income per share was $2.57 against $2.51 a year ago. Net cash provided by operating activities was $122.9 million against $72.4 million a year ago. Purchase of plant, property and equipment was $22.5 million against $72.4 million a year ago. For the quarter, the company reported impairment of goodwill and intangible assets of $11.1 million against $1.7 million a year ago. For fiscal 2016, the company expects sales in the range of $830 million to $865 million, income from operations in the range of $108 to $119 million, earnings per share in the range of $2.07 to $2.22 and an effective tax rate of approximately 25%, and no significant changes in tax valuation allowances or enacted tax laws.

Methode Electronics, Inc. Declares Quarterly Dividend, Payable on July 31, 2015

Methode Electronics, Inc. announced that its board of directors has declared a quarterly dividend of $0.09 per share to be paid on July 31, 2015, to common stockholders of record at the close of business on July 17, 2015.

Methode Electronics, Inc. to Report Q4, 2015 Results on Jun 25, 2015

Methode Electronics, Inc. announced that they will report Q4, 2015 results at 10:00 AM, Central Standard Time on Jun 25, 2015

 

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Industry Analysis

MEI

Industry Average

Valuation MEI Industry Range
Price/Earnings 10.4x
Price/Sales 1.2x
Price/Book 2.2x
Price/Cash Flow 10.0x
TEV/Sales 1.0x
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