We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Looking for Value? Why It Might Be Time to Try Methode Electronics (MEI)
Read MoreHide Full Article
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Methode Electronics, Inc. (MEI - Free Report) .
Methode Electronics in Focus
MEI may be an interesting play thanks to its forward PE of 8.3, its P/S ratio of 0.98, and its decent dividend yield of 1.6%. These factors suggest that Methode Electronics is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that MEI has decent revenue metrics to back up its earnings.
But before you think that Methode Electronics is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 2.7% in the past 30 days, thanks to two upward revisions in the past one month compared to none lower.
So really, Methode Electronics is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Image: Bigstock
Looking for Value? Why It Might Be Time to Try Methode Electronics (MEI)
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Methode Electronics, Inc. (MEI - Free Report) .
Methode Electronics in Focus
MEI may be an interesting play thanks to its forward PE of 8.3, its P/S ratio of 0.98, and its decent dividend yield of 1.6%. These factors suggest that Methode Electronics is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that MEI has decent revenue metrics to back up its earnings.
Methode Electronics, Inc. PS Ratio (TTM)
Methode Electronics, Inc. ps-ratio-ttm | Methode Electronics, Inc. Quote
But before you think that Methode Electronics is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 2.7% in the past 30 days, thanks to two upward revisions in the past one month compared to none lower.
This estimate strength is actually enough to push MEI to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So really, Methode Electronics is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>