Methanex (MX) Scheduled to Post Earnings on Wednesday

Methanex (TSE:MX) (NASDAQ:MEOH) will be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Methanex to post earnings of C$0.38 per share for the quarter.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its quarterly earnings results on Wednesday, January 31st. The company reported C$0.71 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.34. Methanex had a return on equity of 12.35% and a net margin of 4.68%. The company had revenue of C$1.26 billion during the quarter, compared to the consensus estimate of C$1.23 billion.

Methanex Stock Up 0.3 %

MX opened at C$65.66 on Wednesday. Methanex has a fifty-two week low of C$50.57 and a fifty-two week high of C$69.75. The business has a 50-day moving average of C$61.35 and a 200-day moving average of C$60.27. The company has a debt-to-equity ratio of 138.70, a current ratio of 1.14 and a quick ratio of 1.59. The company has a market capitalization of C$4.42 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94.

Methanex Cuts Dividend

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 $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Wednesday, March 13th. Methanex’s dividend payout ratio (DPR) is presently 28.86%.

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.