Methanex (MX) Scheduled to Post Earnings on Wednesday

Methanex (TSE:MX) (NASDAQ:MEOH) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Methanex to post earnings of C$0.38 per share for the quarter.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its earnings results on Wednesday, January 31st. The company reported C$0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.34. The business had revenue of C$1.26 billion for the quarter, compared to analyst estimates of C$1.23 billion. Methanex had a net margin of 4.68% and a return on equity of 12.35%.

Methanex Stock Performance

Shares of MX opened at C$65.66 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.59 and a debt-to-equity ratio of 138.70. The firm has a market cap of C$4.42 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94. The company’s 50 day simple moving average is C$61.35 and its 200-day simple moving average is C$60.27. Methanex has a 12-month low of C$50.57 and a 12-month high of C$69.75.

Methanex Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.245 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.98 dividend on an annualized basis and a yield of 1.49%. Methanex’s dividend payout ratio (DPR) is 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.