Methanex Co. (TSE:MX – Free Report) (NASDAQ:MEOH) – Equities researchers at Raymond James increased their Q1 2024 earnings per share estimates for shares of Methanex in a research report issued on Tuesday, April 16th. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $0.37 for the quarter, up from their prior estimate of $0.26. The consensus estimate for Methanex’s current full-year earnings is $3.32 per share. Raymond James also issued estimates for Methanex’s Q2 2024 earnings at $0.96 EPS, Q3 2024 earnings at $0.65 EPS, Q4 2024 earnings at $1.86 EPS, FY2024 earnings at $3.84 EPS and FY2025 earnings at $7.78 EPS.
Methanex Stock Down 1.6 %
TSE MX opened at C$64.58 on Thursday. The stock has a fifty day moving average of C$61.43 and a 200-day moving average of C$60.30. The stock has a market capitalization of C$4.35 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94. Methanex has a 52 week low of C$50.57 and a 52 week high of C$69.75. The company has a debt-to-equity ratio of 138.70, a quick ratio of 1.59 and a current ratio of 1.14.
Methanex Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.245 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.98 annualized dividend and a dividend yield of 1.52%. Methanex’s dividend payout ratio (DPR) is currently 28.86%.
About Methanex
Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.
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