Methanex Co. Expected to Earn Q1 2018 Earnings of $1.59 Per Share (MEOH)

Methanex Co. (NASDAQ:MEOH) (TSE:MX) – Investment analysts at Jefferies Group raised their Q1 2018 earnings per share estimates for shares of Methanex in a research note issued to investors on Wednesday. Jefferies Group analyst L. Alexander now anticipates that the specialty chemicals company will post earnings of $1.59 per share for the quarter, up from their previous estimate of $0.68. Jefferies Group has a “Buy” rating and a $72.00 price objective on the stock. Jefferies Group also issued estimates for Methanex’s Q2 2018 earnings at $1.07 EPS, Q3 2018 earnings at $0.73 EPS and FY2018 earnings at $4.40 EPS.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Methanex had a net margin of 9.81% and a return on equity of 16.02%. The firm had revenue of $720.00 million for the quarter, compared to analyst estimates of $614.19 million. During the same quarter in the previous year, the business posted ($0.01) EPS. The firm’s revenue was up 41.2% compared to the same quarter last year.

A number of other equities analysts have also commented on MEOH. Scotiabank reiterated a “hold” rating and issued a $63.00 price objective (up previously from $57.50) on shares of Methanex in a report on Wednesday. Royal Bank of Canada restated a “hold” rating and issued a $63.00 target price on shares of Methanex in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of Methanex from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. TD Securities upped their target price on shares of Methanex from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, UBS Group upped their target price on shares of Methanex from $42.00 to $44.00 and gave the stock a “sell” rating in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $56.93.

Shares of Methanex (NASDAQ:MEOH) traded down $0.30 during mid-day trading on Friday, reaching $63.75. 520,800 shares of the company’s stock were exchanged, compared to its average volume of 575,233. Methanex has a 52-week low of $39.47 and a 52-week high of $64.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.17. The firm has a market cap of $5,350.00, a price-to-earnings ratio of 20.77, a P/E/G ratio of 1.08 and a beta of 1.81.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 31st. Stockholders of record on Sunday, December 17th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Thursday, December 14th. Methanex’s dividend payout ratio (DPR) is presently 39.09%.

Institutional investors have recently bought and sold shares of the company. ETRADE Capital Management LLC acquired a new position in Methanex in the 3rd quarter valued at approximately $241,000. AHL Partners LLP acquired a new position in Methanex in the 2nd quarter valued at $300,000. PNC Financial Services Group Inc. grew its stake in Methanex by 3.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,948 shares of the specialty chemicals company’s stock valued at $305,000 after buying an additional 259 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in Methanex in the 2nd quarter valued at $321,000. Finally, Guardian Capital Advisors LP grew its stake in Methanex by 43.0% in the 3rd quarter. Guardian Capital Advisors LP now owns 7,455 shares of the specialty chemicals company’s stock valued at $475,000 after buying an additional 2,240 shares during the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

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Methanex Company Profile

Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.

Earnings History and Estimates for Methanex (NASDAQ:MEOH)

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