Methanex (MX) to Release Quarterly Earnings on Wednesday

Methanex (TSE:MX) (NASDAQ:MEOH) will be announcing its earnings results after the market closes on Wednesday, April 25th. Analysts expect the company to announce earnings of C$2.70 per share for the quarter.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its quarterly earnings data on Wednesday, January 31st. The company reported C$2.16 EPS for the quarter, topping the consensus estimate of C$1.48 by C$0.68. Methanex had a net margin of 9.86% and a return on equity of 18.05%. The business had revenue of C$1.09 billion for the quarter.

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TSE:MX opened at C$85.28 on Tuesday. Methanex has a one year low of C$52.63 and a one year high of C$87.59.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 31st. Investors of record on Saturday, March 17th were paid a dividend of $0.406 per share. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $1.62 annualized dividend and a yield of 1.90%. This is a positive change from Methanex’s previous quarterly dividend of $0.30.

Several equities research analysts recently commented on the stock. Sanford C. Bernstein boosted their price objective on shares of Methanex from C$42.76 to C$42.95 in a research note on Friday. BMO Capital Markets reissued an “outperform” rating and set a C$72.00 price objective on shares of Methanex in a research note on Monday, April 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of C$69.66.

In other Methanex news, Director Vanessa James sold 7,000 shares of Methanex stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$75.01, for a total value of C$525,070.00. Also, Director Wade Wiggins sold 8,100 shares of Methanex stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of C$56.35, for a total transaction of C$456,435.00.

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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 (TSE:MX)

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