Methode Electronics stock falls 2.96 percent as margins shrink
Published on 09/28/2026 at 19:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Methode Electronics stock (MEI) was trading at USD 14.08 on the New York Stock Exchange on September 28, 2026, down 2.96 percent from USD 14.51. The decline puts the shares at 69.09 percent of their 52-week high of USD 20.38, while the company continues to balance higher industrial demand against weaker profitability.
Sales growth meets wider losses
According to Methode Electronics on September 2, 2026, fiscal first-quarter 2027 net sales reached USD 265.4 million for the period ended August 1, 2026. Revenue increased 10.4 percent from USD 240.5 million in the prior-year quarter, but GAAP net loss widened to USD 11.4 million from USD 10.3 million.
The operating picture was mixed. Industrial sales rose 27.0 percent to USD 156.8 million, while Automotive sales slipped 0.4 percent to USD 105.7 million and Interface sales fell to USD 2.9 million from USD 10.9 million. Adjusted EBITDA declined to USD 13.7 million from USD 15.7 million, reducing the adjusted EBITDA margin to 5.2 percent from 6.5 percent.
Analyst target stays above the market
Nasdaq reported that the average one-year analyst target reached USD 22.44 on September 16, 2026, up 13.79 percent from USD 19.72 on August 25, 2026. Against the USD 14.08 intraday price, that target lies 59.38 percent above the market value.
The gap reflects a recovery case rather than current earnings strength. Methode reaffirmed fiscal 2027 guidance of USD 1.025 billion to USD 1.075 billion in net sales and USD 72 million to USD 82 million in adjusted EBITDA in its September 2 release. Operating cash flow was negative USD 7.8 million in the quarter, compared with positive USD 25.1 million in the prior-year period.
Investor Day adds a date
GlobeNewswire reported on September 22, 2026, that Methode will hold its first Investor Day at the New York Stock Exchange on December 17, 2026. The event gives management an opportunity to explain how industrial awards, data-center demand and the transformation program could translate into profitable growth.
Stock trades below yearly high
Methode Electronics stock was trading at USD 14.08 on the NYSE on September 28, 2026, with a session range of USD 14.03 to USD 14.69 and a market capitalization of USD 499.4 million. The current quote remains USD 6.30 below the 52-week high of USD 20.38, leaving operating execution and cash generation as the key measures for the next phase.
Methode Electronics stock snapshot
- Company: Methode Electronics, Inc.
- Ticker: MEI
- Trading venue: New York Stock Exchange
- Price (as of September 28, 2026, 1:04 p.m. ET): USD 14.08
- Market capitalization: USD 499.4 million (as of September 28, 2026)
- 52-week range: USD 4.88-20.38 (as of September 28, 2026)
- Sector / Industry: Technology / Electronic Components
