Methanex Co. (TSE:MX) Expected to Post Q2 2024 Earnings of $0.82 Per Share

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Research analysts at Scotiabank issued their Q2 2024 EPS estimates for shares of Methanex in a research report issued on Monday, April 29th. Scotiabank analyst B. Isaacson expects that the company will earn $0.82 per share for the quarter. The consensus estimate for Methanex’s current full-year earnings is $3.32 per share.

Methanex Stock Up 0.8 %

Methanex stock opened at C$66.42 on Wednesday. Methanex has a fifty-two week low of C$50.57 and a fifty-two week high of C$69.85. The company has a market cap of C$4.48 billion, a PE ratio of 18.98, a PEG ratio of 0.44 and a beta of 1.94. The company has a debt-to-equity ratio of 138.70, a quick ratio of 1.59 and a current ratio of 1.14. The business’s 50-day simple moving average is C$62.34 and its two-hundred day simple moving average is C$60.79.

Methanex (TSE:MX) (NASDAQ:MEOH) last issued its quarterly earnings results on Wednesday, April 24th. The company reported C$0.88 earnings per share for the quarter, topping the consensus estimate of C$0.40 by C$0.48. The business had revenue of C$1.23 billion during the quarter, compared to the consensus estimate of C$1.23 billion. Methanex had a return on equity of 12.35% and a net margin of 4.68%.

Methanex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.25 dividend. This is a boost from Methanex’s previous quarterly dividend of $0.25. This represents a $1.00 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, June 13th. Methanex’s payout ratio is currently 28.86%.

Methanex Company Profile

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.