The manufacturer of components and subsystem devices' income rose to $48.2 million, or $1.25 a share, up from $10.1 million, or 27 cents a share in the same period one year ago.
Methode's net sales for the most recent quarter jumped 51.7% to $224.9 million versus $148.3 million for the 2013 fourth quarter.
Separately, TheStreet Ratings team rates METHODE ELECTRONICS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate METHODE ELECTRONICS INC (MEI) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: