Methanex (MX) Posts Quarterly Results
Methanex (TSE:MX) issued its quarterly earnings data on Friday. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03, Analyst Ratings Network reports.
Methanex (TSE:MX) opened at 70.96 on Friday. Methanex has a 52 week low of $47.90 and a 52 week high of $81.24. The stock’s 50-day moving average is $68.23 and its 200-day moving average is $68.75. The company has a market cap of $6.849 billion and a price-to-earnings ratio of 15.57.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders 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 1.41%.
On the ratings front, analysts at TD Securities upgraded shares of Methanex to a “buy” rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$60.50.
Methanex Corporation (TSE:MX) is a supplier of methanol to international markets in Asia Pacific, North America, Europe and Latin America.
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