Methanex (NASDAQ:MEOH – Get Free Report) (TSE:MX) will be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
Methanex (NASDAQ:MEOH – Get Free Report) (TSE:MX) last announced its quarterly earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.24. Methanex had a return on equity of 6.71% and a net margin of 4.67%. The firm had revenue of $922.00 million for the quarter, compared to analysts’ expectations 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 Performance
Shares of NASDAQ:MEOH opened at $47.66 on Tuesday. The business’s fifty day moving average price is $45.39 and its two-hundred day moving average price is $44.63. Methanex has a fifty-two week low of $38.18 and a fifty-two week high of $51.42. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 19.37 and a beta of 1.51. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 0.81.
Methanex Dividend Announcement
Wall Street Analyst Weigh In
A number of analysts have weighed in on MEOH shares. CIBC upped their price target on Methanex from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. TheStreet upgraded Methanex from a “c” rating to a “b-” rating in a report on Thursday, January 11th. Barclays increased their target price on Methanex from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. UBS Group upgraded Methanex from a “neutral” rating to a “buy” rating and increased their target price for the stock from $51.00 to $60.00 in a report on Thursday, February 8th. Finally, Raymond James decreased their target price on Methanex from $67.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.50.
Check Out Our Latest Stock Analysis on Methanex
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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