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Last $32.12 USD
Change Today -0.70 / -2.13%
Volume 1.1M
MEI On Other Exchanges
Symbol
Exchange
Munich
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

methode electronics inc (MEI) Snapshot

Open
$33.21
Previous Close
$32.82
Day High
$33.28
Day Low
$31.69
52 Week High
06/3/15 - $49.00
52 Week Low
08/24/15 - $22.67
Market Cap
1.2B
Average Volume 10 Days
931.5K
EPS TTM
$2.77
Shares Outstanding
38.5M
EX-Date
07/15/15
P/E TM
11.6x
Dividend
$0.36
Dividend Yield
1.12%
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. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended August 1, 2015; Reiterates Earnings Guidance for the Full Year of 2016

Methode Electronics, Inc. announced unaudited consolidated earnings results for the first quarter ended August 1, 2015. For the quarter, net sales were $203.3 million, income from operations was $30.4 million, income before income taxes was $30.9 million and net income attributable to the company was $23.5 million or $0.60 per diluted share against net sales of $218.1 million, income from operations of $28.3 million, income before income taxes of $28.4 million and net income attributable to the company of $21.4 million or $0.55 per diluted share for the same period a year ago. Net cash provided by operating activities was $19.0 million against $33.2 million a year ago. Purchases of property, plant and equipment was $5.9 million against $3.3 million a year ago. Year over year, currency rate fluctuations decreased net sales by $6.1 million. Year over year net income benefitted from: favorable currency impact on raw materials and labor costs, favorable commodity pricing of raw materials, and increased production at the company’s lower-cost Egyptian manufacturing facility in the automotive segment; refund of import duties from prior periods of $1.3 million; and lower stock award compensation expense of $0.6 million. Year over year, net income was negatively affected by: favorable currency impact on raw materials and labor costs, favorable commodity pricing of raw materials, and increased production at the company’s lower-cost Egyptian manufacturing facility in the automotive segment; increased legal, professional services and travel expenses of $1.8 million; and costs and inefficiencies due to the transfer of manufacturing from the Philippines to Egypt in the interface segment of $1 million. The company reiterates its fiscal 2016 guidance of sales in the range of $830 million to $865 million, income from operations in the range of $108 to $119 million and earnings per share in the range of $2.07 to $2.22. Based on this guidance range, from fiscal 2016 operating margin target is in the 13% to 13.8% range. For fiscal 2016, the company still targeting Automotive gross margins in the mid-20% range. The company targeting Interface gross margins in the range of 23% to 25%. Based on guidance, the fiscal 2016 effective tax rate is expected to be in the mid-20% rate. The company is increasing expected capital spending to be between $25 million and $30 million. For the fiscal year, the company expects depreciation and amortization to be between $23 million and $26 million. The company expects EBITDA to be in the 15% to 16% range or between $132 million and $143 million. The company expects fiscal 2016 free cash flow to be between $80 million and $90 million.

Methode Electronics Seeks Acquisitions

Methode Electronics, Inc. (NYSE:MEI) is looking for acquisitions. President and Chief Executive Officer Donald W. Duda said, "While we will continue to make investments in our business through new product development, vertical integration and potential acquisitions, we believe the initiation of a share repurchase program demonstrates our continued commitment to creating and returning value to our shareholders."

Methode Electronics, Inc. to Report Q1, 2016 Results on Sep 03, 2015

Methode Electronics, Inc. announced that they will report Q1, 2016 results at 10:00 AM, Central Standard Time on Sep 03, 2015

 

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Industry Analysis

MEI

Industry Average

Valuation MEI Industry Range
Price/Earnings 10.6x
Price/Sales 1.2x
Price/Book 2.3x
Price/Cash Flow 10.2x
TEV/Sales 1.0x
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