Methanex (MEOH) to Release Earnings on Wednesday

Methanex (NASDAQ:MEOH) (TSE:MX) is set to post its quarterly earnings results after the market closes on Wednesday, January 31st. Analysts expect Methanex to post earnings of $1.15 per share for the quarter.

Methanex (NASDAQ:MEOH) (TSE:MX) last posted its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $720.00 million during the quarter, compared to analyst estimates of $614.19 million. Methanex had a net margin of 9.81% and a return on equity of 16.02%. The business’s quarterly revenue was up 41.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) earnings per share. On average, analysts expect Methanex to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of Methanex (NASDAQ MEOH) opened at $60.05 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.59 and a debt-to-equity ratio of 0.83. The stock has a market cap of $5,030.00, a P/E ratio of 19.56, a PEG ratio of 0.81 and a beta of 1.81. Methanex has a 52-week low of $39.47 and a 52-week high of $64.40.

The business also recently declared a quarterly dividend, which was paid on Sunday, December 31st. Stockholders of record on Sunday, December 17th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Thursday, December 14th. Methanex’s dividend payout ratio (DPR) is 39.09%.

A number of analysts have recently issued reports on MEOH shares. TD Securities increased their price target on shares of Methanex from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research raised shares of Methanex from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Tuesday, October 3rd. Scotiabank increased their price target on shares of Methanex from $53.50 to $74.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 30th. BMO Capital Markets reissued a “buy” rating and issued a $57.00 price target on shares of Methanex in a research report on Friday, November 24th. Finally, BidaskClub raised shares of Methanex from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $57.20.

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About Methanex

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 for Methanex (NASDAQ:MEOH)

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