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Methode Electronics Inc (MEI.N)

MEI.N on New York Stock Exchange

39.30USD
17 Jul 2018
Change (% chg)

$0.10 (+0.26%)
Prev Close
$39.20
Open
$38.90
Day's High
$39.75
Day's Low
$38.85
Volume
34,551
Avg. Vol
56,665
52-wk High
$48.40
52-wk Low
$36.80

Latest Key Developments (Source: Significant Developments)

Methode Electronics Announces CFO Change
Tuesday, 13 Mar 2018 

March 12 (Reuters) - Methode Electronics Inc ::METHODE ELECTRONICS, INC. ANNOUNCES CFO CHANGE.‍CHIEF FINANCIAL OFFICER JOHN HRUDICKA HAS LEFT COMPANY EFFECTIVE TODAY TO PURSUE OTHER OPPORTUNITIES​.RONALD TSOUMAS, CURRENTLY METHODE’S CONTROLLER AND TREASURER, HAS BEEN PROMOTED TO SUCCEED HRUDICKA.  Full Article

Methode Electronics Inc. Reports Q3 Loss Per Share $0.65
Thursday, 1 Mar 2018 

March 1 (Reuters) - Methode Electronics Inc ::METHODE ELECTRONICS, INC. REPORTS FISCAL 2018 THIRD-QUARTER SALES AND EARNINGS.Q3 LOSS PER SHARE $0.65.SEES FY 2018 SALES $900 MILLION TO $910 MILLION.Q3 REVENUE $228 MILLION.IN Q3, INCOME TAX EXPENSE INCREASED TO $63.4 MILLION PRIMARILY DUE TO ENACTMENT OF U.S. TAX REFORM.SEES 2018 EARNINGS PER SHARE RANGE OF $1.23 TO $1.33.‍U.S. TAX REFORM CHARGE WILL NEGATIVELY IMPACT FISCAL 2018 EARNINGS PER SHARE BY $1.52​.SEES 2018 PRE-TAX INCOME FROM OPERATIONS TO RANGE OF $125 TO $130 MILLION.  Full Article

Methode Electronics’ Board Approves Increased Dividend
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Methode Electronics Inc ::METHODE ELECTRONICS’ BOARD APPROVES INCREASED DIVIDEND.SETS QUARTERLY DIVIDEND OF $0.11PER SHARE.NEW QUARTERLY DIVIDEND REPRESENTS INCREASE OF $0.02 FROM PRIOR DIVIDEND.  Full Article

Methode Electronics Reports Q2 Earnings Per Share $0.64
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Methode Electronics Inc ::METHODE ELECTRONICS, INC. REPORTS FISCAL 2018 SECOND-QUARTER SALES AND EARNINGS.Q2 EARNINGS PER SHARE $0.64.Q2 EARNINGS PER SHARE VIEW $0.64 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 EARNINGS PER SHARE $2.43 TO $2.63.SEES FY 2018 SALES $880 MILLION TO $900 MILLION.Q2 REVENUE $230.1 MILLION VERSUS I/B/E/S VIEW $216 MILLION.FY2018 EARNINGS PER SHARE VIEW $2.59, REVENUE VIEW $877.1 MILLION -- THOMSON REUTERS I/B/E/S.METHODE ELECTRONICS - Q2 FISCAL 2018 INCLUDES NET SALES FROM NEW ACQUISITIONS OF $7 MILLION FROM PACIFIC INSIGHT & $9.1 MILLION FROM PROCOPLAST.  Full Article

ISS supports plan of arrangement between Pacific Insight Electronics and Methode Electronics
Friday, 15 Sep 2017 

Sept 15 (Reuters) - Methode Electronics Inc :Pacific Insight Electronics - Institutional Shareholder Services supports plan of arrangement between Pacific Insight Electronics and Methode Electronics.  Full Article

Pacific Insight ‍confirms receipt of proposal from Shenzhen Kaizhong
Thursday, 7 Sep 2017 

Sept 7 (Reuters) - Pacific Insight Electronics Corp ::Pacific Insight Electronics Corp - ‍confirmed that it received a written proposal from Shenzhen Kaizhong Precision Technology September 6​.Pacific Insight Electronics Corp - ‍proposal from Shenzhen Kaizhong offering to enter into arrangement agreement with co to acquire all of co's shares ​.Pacific Insight Electronics Corp - ‍Kaizhong Proposal cannot be a "superior proposal" within meaning of agreement with Methode​.Pacific Insight Electronics-‍directors of co, CEO unanimously confirmed, continue to support transaction with Methode as being in best interests of co.  Full Article

Methode Electronics reports Q1 earnings per share $0.55
Thursday, 31 Aug 2017 

Aug 31 (Reuters) - Methode Electronics Inc :Methode Electronics, Inc. reports fiscal 2018 first-quarter sales and earnings.Q1 earnings per share $0.55.Q1 sales $201.2 million versus I/B/E/S view $189.4 million.Q1 earnings per share view $0.48 -- Thomson Reuters I/B/E/S.Sees FY 2018 earnings per share $2.43 to $2.63.Sees FY 2018 sales $807 million to $827 million.FY2018 earnings per share view $2.46, revenue view $819.9 million -- Thomson Reuters I/B/E/S.Methode Electronics Inc - Anticipates increased 10 gig copper transceiver sales in latter half of fiscal 2018.Methode Electronics Inc- Q1 net income was negatively affected by unfavorable commodity pricing in automotive and power products segments of $0.5 million.Methode Electronics - Expects 9 months of revenues from procoplast of $22 million for fiscal 2018 versus 7 months previously assumed in original guidance.  Full Article

Methode Electronics Q4 earnings per share $0.62
Thursday, 22 Jun 2017 

June 22 (Reuters) - Methode Electronics Inc ::Methode Electronics Inc reports fiscal 2017 sales and earnings.Q4 earnings per share $0.62.Q4 sales $219.7 million versus I/B/E/S view $214.4 million.Sees FY 2018 sales $807 million to $827 million.Q4 earnings per share view $0.64 -- Thomson Reuters I/B/E/S.Sees FY 2018 earnings per share $2.43 to $2.63.Enters into stock purchase agreement for acquisition of Procoplast S.A.Exits connectivity and active energy solutions reporting units.FY 2018 earnings per share view $2.62, revenue view $820.6 million -- Thomson Reuters I/B/E/S.  Full Article

Methode Electronics Q3 earnings per share $0.63
Thursday, 2 Mar 2017 

Methode Electronics Inc : Company revised fiscal 2017 guidance for income from operations in range of $115 to $120 million . Company revised fiscal 2017 guidance for earnings per share in range of $2.45 to $2.54 from $2.30 to $2.45 . Methode electronics, inc. Reports fiscal 2017 third-quarter sales and earnings . Q3 earnings per share $0.63 . Q3 sales $195.6 million versus i/b/e/s view $195.2 million . Sees fy 2017 earnings per share $2.45 to $2.54 . Q3 earnings per share view $0.53 -- Thomson Reuters I/B/E/S . Methode electronics inc - methode revised its fiscal 2017 guidance for sales in range of $810 million to $820 million . Fy2017 earnings per share view $2.40, revenue view $816.2 million -- Thomson Reuters I/B/E/S . Methode electronics inc -expect deterioration in data group, which is projected to be about $10 million lower in sales y-o-year, will continue into 2018 .Methode electronics inc says revised its fiscal 2017 guidance for sales due to prolonged weakness in its data solutions group, among others.  Full Article

Methode Electronics Q2 EPS $0.66
Thursday, 8 Dec 2016 

Methode Electronics Inc : Increased earnings per share guidance for 2017 to a range of $2.30 to $2.45 from $2.11 to $2.35 . Fy2017 earnings per share view $2.28, revenue view $818.0 million -- Thomson Reuters I/B/E/S . Believes full-year sales will likely be at low end of guidance range of $820 million to $845 million . Methode Electronics - full year sales has "potential to be slightly below" guidance "range should weakness in data solutions group extend further" . Methode Electronics reports fiscal 2017 second-quarter sales and earnings . Q2 earnings per share $0.66 . Q2 sales $209.3 million versus I/B/E/S view $208.9 million . Q2 earnings per share view $0.55 -- Thomson Reuters I/B/E/S .Sees fy 2017 sales $820 million to $845 million.  Full Article

BRIEF-Methode Electronics Announces CFO Change

* ‍CHIEF FINANCIAL OFFICER JOHN HRUDICKA HAS LEFT COMPANY EFFECTIVE TODAY TO PURSUE OTHER OPPORTUNITIES​