Methanex (MEOH) Expected to Announce Earnings on Wednesday

Methanex (NASDAQ:MEOH) (TSE:MX) is expected to post its quarterly earnings results after the market closes on Wednesday, January 29th. Analysts expect Methanex to post earnings of $0.94 per share and revenue of $1,023,720.00 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Methanex Stock Performance

Shares of MEOH stock opened at $50.84 on Wednesday. The stock has a market capitalization of $3.43 billion, a P/E ratio of 23.76 and a beta of 1.37. The company has a current ratio of 1.34, a quick ratio of 1.01 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average is $47.23 and its 200 day moving average is $44.82. Methanex has a 12 month low of $36.13 and a 12 month high of $56.43.

Methanex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Tuesday, December 17th. Methanex’s payout ratio is currently 34.58%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MEOH shares. Royal Bank of Canada restated a “sector perform” rating and set a $55.00 price target on shares of Methanex in a research note on Monday, January 6th. UBS Group lowered their target price on shares of Methanex from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Cibc World Mkts upgraded shares of Methanex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Piper Sandler increased their target price on shares of Methanex from $68.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Finally, Raymond James increased their target price on shares of Methanex from $54.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Methanex has an average rating of “Moderate Buy” and a consensus target price of $58.00.

About Methanex

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.