Methanex (MEOH) to Release Earnings on Wednesday

Methanex (NASDAQ:MEOH) (TSE:MX) is projected to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $1.29 per share and revenue of $1.06 billion for the quarter.

Methanex (NASDAQ:MEOH) (TSE:MX) last posted its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.30. Methanex had a return on equity of 10.97% and a net margin of 4.41%. On average, analysts expect Methanex to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Methanex Stock Performance

NASDAQ:MEOH opened at $28.76 on Wednesday. Methanex has a 52-week low of $25.46 and a 52-week high of $56.43. The business’s fifty day moving average is $36.07 and its 200 day moving average is $42.61. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.62. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 12.45 and a beta of 1.06.

Methanex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Monday, March 17th. Methanex’s dividend payout ratio is presently 32.03%.

Analyst Ratings Changes

Several brokerages recently commented on MEOH. Barclays reduced their price objective on shares of Methanex from $57.00 to $41.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 1st. CIBC decreased their price target on shares of Methanex from $63.00 to $55.00 and set an “outperformer” rating on the stock in a report on Thursday, April 3rd. Raymond James dropped their price objective on Methanex from $62.00 to $40.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $55.00 target price on shares of Methanex in a research note on Tuesday, April 1st. Finally, UBS Group lowered their price target on Methanex from $66.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.13.

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.