Methanex (NASDAQ:MEOH) (TSE:MX) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, April 25th. Analysts expect the company to announce earnings of $2.12 per share for the quarter.
Methanex (NASDAQ:MEOH) (TSE:MX) last posted its quarterly earnings data on Wednesday, January 31st. The specialty chemicals company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.19 by $0.51. The firm had revenue of $861.00 million during the quarter, compared to analyst estimates of $796.57 million. Methanex had a return on equity of 22.72% and a net margin of 10.34%. Methanex’s revenue was up 47.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. On average, analysts expect Methanex to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
NASDAQ:MEOH opened at $66.80 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $5,596.71, a PE ratio of 14.18, a P/E/G ratio of 0.70 and a beta of 1.63. Methanex has a one year low of $39.47 and a one year high of $69.75.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 31st. Stockholders of record on Saturday, March 17th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.98%. This is a positive change from Methanex’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, March 15th. Methanex’s dividend payout ratio is 28.03%.
Methanex announced that its board has approved a stock repurchase program on Monday, March 5th that authorizes the company to repurchase 6,590,000 shares. This repurchase authorization authorizes the specialty chemicals company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
Several research firms have recently commented on MEOH. Jefferies Group upped their price objective on Methanex to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. TD Securities lowered Methanex from a “buy” rating to a “hold” rating and set a $66.00 price objective for the company. in a research note on Monday, January 8th. They noted that the move was a valuation call. Scotiabank set a $69.50 price objective on Methanex and gave the stock a “sector perform” rating in a research note on Wednesday, April 18th. Cowen increased their price target on Methanex from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 17th. Finally, Monness Crespi & Hardt increased their price target on Methanex from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $59.86.
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Methanex Company Profile
Methanex Corporation produces and sells methanol in North America, the Asia Pacific, Europe, and South America. It also purchases and sells methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.
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