Methanex (MEOH) to Release Earnings on Wednesday

Methanex (NASDAQ:MEOH) (TSE:MX) is scheduled to be releasing its earnings data 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 announced its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. Methanex had a return on equity of 16.02% and a net margin of 9.81%. The company had revenue of $720.00 million for the quarter, compared to the consensus estimate of $614.19 million. During the same quarter last year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 41.2% compared to the same quarter last year. On average, analysts expect Methanex to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Methanex (MEOH) opened at $60.05 on Wednesday. Methanex has a twelve month low of $39.47 and a twelve month high of $64.40. The company has a current ratio of 1.59, a quick ratio of 1.17 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $5,030.00, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 0.81 and a beta of 1.81.

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

MEOH has been the subject of several research reports. Scotiabank reissued a “hold” rating and issued a $63.00 price objective (up from $57.50) on shares of Methanex in a research report on Wednesday, January 3rd. TD Securities cut Methanex from a “buy” rating to a “hold” rating and set a $66.00 price objective for the company. in a research report on Monday, January 8th. They noted that the move was a valuation call. Alembic Global Advisors reissued a “buy” rating on shares of Methanex in a research report on Monday, January 8th. Jefferies Group increased their price objective on Methanex to $72.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Finally, BidaskClub cut Methanex from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $57.20.

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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 for Methanex (NASDAQ:MEOH)

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