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%.

Several equities analysts have commented on the stock. TD Securities lifted their target price on shares of Methanex from $16.50 to $21.00 and gave the stock a “hold” rating in a research report on Tuesday, June 30th. Scotiabank raised shares of Methanex from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $19.00 to $31.00 in a report on Thursday, June 4th. Tudor Pickering cut shares of Methanex from a “hold” rating to a “sell” rating and lowered their price target for the stock from $18.00 to $17.00 in a report on Friday, June 19th. Jefferies Financial Group raised shares of Methanex from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $36.00 in a report on Friday, May 1st. Finally, BidaskClub raised shares of Methanex from a “strong sell” rating to a “sell” rating in a report on Thursday, June 4th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.33.

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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Earnings History for Methanex (NASDAQ:MEOH)

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