Q1 2024 Earnings Estimate for Methanex Co. (TSE:MX) Issued By Raymond James

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Research analysts at Raymond James raised their Q1 2024 earnings per share (EPS) estimates for Methanex in a research report issued on Tuesday, April 16th. Raymond James analyst S. Hansen now anticipates that the company will earn $0.37 per share for the quarter, up from their prior forecast of $0.26. The consensus estimate for Methanex’s current full-year earnings is $3.32 per share. Raymond James also issued estimates for Methanex’s Q2 2024 earnings at $0.96 EPS, Q3 2024 earnings at $0.65 EPS, Q4 2024 earnings at $1.86 EPS, FY2024 earnings at $3.84 EPS and FY2025 earnings at $7.78 EPS.

Methanex Stock Down 1.6 %

TSE MX opened at C$64.58 on Thursday. The business has a fifty day moving average price of C$61.43 and a two-hundred day moving average price of C$60.30. The company has a debt-to-equity ratio of 138.70, a current ratio of 1.14 and a quick ratio of 1.59. Methanex has a fifty-two week low of C$50.57 and a fifty-two week high of C$69.75. The stock has a market capitalization of C$4.35 billion, a PE ratio of 18.45, a PEG ratio of 0.44 and a beta of 1.94.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its earnings results on Wednesday, January 31st. The company reported C$0.71 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of C$1.26 billion during the quarter, compared to analysts’ expectations of C$1.23 billion.

Methanex Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Wednesday, March 13th. Methanex’s payout ratio 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.