Equities analysts predict that Methanex (NASDAQ:MEOH) (TSE:MX) will post $1.59 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Methanex’s earnings, with the highest EPS estimate coming in at $1.67 and the lowest estimate coming in at $1.51. Methanex posted earnings per share of $0.85 in the same quarter last year, which suggests a positive year over year growth rate of 87.1%. The company is scheduled to issue its next quarterly earnings report on Wednesday, July 25th.
On average, analysts expect that Methanex will report full-year earnings of $6.01 per share for the current fiscal year, with EPS estimates ranging from $5.30 to $6.71. For the next year, analysts expect that the company will post earnings of $5.90 per share, with EPS estimates ranging from $5.10 to $6.69. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Methanex.
Methanex (NASDAQ:MEOH) (TSE:MX) last released its earnings results on Wednesday, April 25th. The specialty chemicals company reported $2.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.08 by ($0.05). The firm had revenue of $962.00 million for the quarter, compared to analyst estimates of $965.83 million. Methanex had a return on equity of 24.47% and a net margin of 11.00%. The firm’s revenue was up 18.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.56 EPS.
Methanex stock opened at $67.85 on Monday. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 0.87 and a beta of 1.63. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.75 and a quick ratio of 1.29. Methanex has a fifty-two week low of $39.47 and a fifty-two week high of $71.60.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 30th. Investors of record on Saturday, June 16th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.32 dividend on an annualized basis and a yield of 1.95%. Methanex’s payout ratio is currently 28.03%.
Methanex announced that its board has authorized a share buyback plan on Monday, March 5th that allows the company to repurchase 6,590,000 outstanding shares. This repurchase authorization allows the specialty chemicals company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently bought and sold shares of MEOH. Dimensional Fund Advisors LP increased its stake in Methanex by 8.1% in the third quarter. Dimensional Fund Advisors LP now owns 148,399 shares of the specialty chemicals company’s stock valued at $7,464,000 after acquiring an additional 11,111 shares during the period. Acadian Asset Management LLC increased its stake in Methanex by 218.5% in the fourth quarter. Acadian Asset Management LLC now owns 20,700 shares of the specialty chemicals company’s stock valued at $1,259,000 after acquiring an additional 14,200 shares during the period. Jones Collombin Investment Counsel Inc increased its stake in Methanex by 138.1% in the fourth quarter. Jones Collombin Investment Counsel Inc now owns 99,540 shares of the specialty chemicals company’s stock valued at $6,031,000 after acquiring an additional 57,730 shares during the period. Boston Advisors LLC bought a new stake in Methanex in the fourth quarter valued at about $13,386,000. Finally, FNY Partners Fund LP bought a new stake in Methanex in the fourth quarter valued at about $302,000. 79.45% of the stock is currently owned by institutional investors and hedge funds.
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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