Methode Electronics, Inc. Reports Fiscal 2016 First-Quarter Sales and Earnings
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September 4, 2015 7:51 AM EDT
Craig-Hallum upgraded Methode Electronics (NYSE: MEI) from Hold to Buy with a price target of $40.00.
For an analyst ratings summary and ratings history on Methode Electronics click here. For more ratings news on Methode Electronics click here.
Shares of Methode Electronics closed at $32.82 yesterday.
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September 4, 2015 7:21 AM EDT
FBR Capital reiterated an Outperform rating and $42.00 price target on Methode Electronics (NYSE: MEI) following announcements around new business and capital deployment, as well as the company's 1Q16 earnings release. Management yesterday announced a $100M share buyback program to be completed by end of FY17, as well as a follow-on award to an existing program with a major North American OEM customer. EPS came at $0.60, beating consensus of $0.54.... More
September 3, 2015 6:31 AM EDT
Methode Electronics (NYSE: MEI) reported Q1 EPS of $0.60, $0.06 better than the analyst estimate of $0.54. Revenue for the quarter came in at $203.3 million versus the consensus estimate of $209.23 million.
Methode Electronics reaffirmed FY2016 guidance.
For earnings history and earnings-related data on Methode Electronics (MEI) click here.
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