Methanex (NASDAQ:MEOH) Releases Quarterly Earnings Results
Methanex (NASDAQ:MEOH) (TSE:MX) posted its earnings results on Wednesday. The specialty chemicals company reported ($0.84) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.04) by $0.20, MarketWatch Earnings reports. Methanex had a negative net margin of 1.66% and a negative return on equity of 4.07%. The firm had revenue of $512.00 million for the quarter, compared to analysts’ expectations of $482.39 million. During the same quarter last year, the firm earned $0.34 EPS. The company’s quarterly revenue was down 39.6% compared to the same quarter last year.
Methanex stock opened at $18.50 on Friday. Methanex has a 1-year low of $9.00 and a 1-year high of $42.19. The company has a current ratio of 2.12, a quick ratio of 1.83 and a debt-to-equity ratio of 1.73. The firm has a 50 day simple moving average of $19.45 and a 200 day simple moving average of $21.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.82%. This is a positive change from Methanex’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, September 15th. Methanex’s payout ratio is currently 16.13%.
Methanex Company Profile
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. It also purchases 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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