Methanex (MEOH) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Methanex (NASDAQ:MEOH) announced its earnings results on Friday. The company reported $1.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.02 by $0.01, AnalystRatings.Net reports.
Shares of Methanex (NASDAQ:MEOH) opened at 65.07 on Friday. Methanex has a 52-week low of $45.79 and a 52-week high of $73.43. The stock’s 50-day moving average is $63.4 and its 200-day moving average is $62.82. The company has a market cap of $6.281 billion and a price-to-earnings ratio of 15.19.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Friday, September 12th.
A number of analysts have recently weighed in on MEOH shares. Analysts at TD Securities downgraded shares of Methanex from a “buy” rating to a “hold” rating in a research note on Thursday. On the ratings front, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Methanex in a research note on Monday, July 21st. Finally, analysts at Raymond James upgraded shares of Methanex from a “market perform” rating to a “strong-buy” rating in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $74.33.
Methanex Corporation (NASDAQ:MEOH) is a supplier of methanol to international markets in Asia Pacific, North America, Europe and Latin America.
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