Methanex (MEOH) Scheduled to Post Earnings on Wednesday

Methanex (NASDAQ:MEOH) (TSE:MX) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Methanex to post earnings of $0.28 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Methanex (NASDAQ:MEOH) (TSE:MX) last released its earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.24. Methanex had a return on equity of 6.71% and a net margin of 4.67%. The business had revenue of $922.00 million during the quarter, compared to the consensus estimate of $901.21 million. On average, analysts expect Methanex to post $2 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Methanex Stock Up 1.8 %

NASDAQ:MEOH opened at $47.91 on Monday. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 19.48 and a beta of 1.50. The company has a current ratio of 1.14, a quick ratio of 0.81 and a debt-to-equity ratio of 0.84. Methanex has a twelve month low of $38.18 and a twelve month high of $51.42. The stock has a fifty day simple moving average of $45.37 and a 200-day simple moving average of $44.59.

Methanex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.185 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.74 annualized dividend and a dividend yield of 1.54%. Methanex’s dividend payout ratio is currently 30.08%.

Analyst Upgrades and Downgrades

MEOH has been the topic of several analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $50.00 target price on shares of Methanex in a research note on Thursday, March 7th. CIBC lifted their target price on Methanex from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. TheStreet upgraded Methanex from a “c” rating to a “b-” rating in a research note on Thursday, January 11th. Raymond James cut their target price on Methanex from $67.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 21st. Finally, UBS Group upgraded Methanex from a “neutral” rating to a “buy” rating and lifted their target price for the company from $51.00 to $60.00 in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Methanex presently has a consensus rating of “Moderate Buy” and an average target price of $53.50.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Lazard Asset Management LLC lifted its holdings in Methanex by 37.2% in the first quarter. Lazard Asset Management LLC now owns 1,114 shares of the specialty chemicals company’s stock valued at $60,000 after acquiring an additional 302 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Methanex by 1,158.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,271 shares of the specialty chemicals company’s stock valued at $53,000 after acquiring an additional 1,170 shares during the period. State of Wyoming acquired a new position in Methanex in the fourth quarter valued at approximately $92,000. Deutsche Bank AG purchased a new stake in shares of Methanex in the fourth quarter valued at approximately $101,000. Finally, Citigroup Inc. increased its position in shares of Methanex by 43.3% in the second quarter. Citigroup Inc. now owns 2,884 shares of the specialty chemicals company’s stock valued at $119,000 after buying an additional 871 shares in the last quarter. 73.49% of the stock is owned by institutional investors and hedge funds.

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.