Methanex Co. (TSE:MX – Free Report) (NASDAQ:MEOH) – Analysts at Raymond James boosted their Q1 2024 EPS estimates for Methanex in a report released on Tuesday, April 16th. Raymond James analyst S. Hansen now expects that the company will post earnings of $0.37 per share for the quarter, up from their previous estimate of $0.26. The consensus estimate for Methanex’s current full-year earnings is $3.32 per share. Raymond James also issued estimates for Methanex’s Q2 2024 earnings at $0.96 EPS, Q3 2024 earnings at $0.65 EPS, Q4 2024 earnings at $1.86 EPS, FY2024 earnings at $3.84 EPS and FY2025 earnings at $7.78 EPS.
Methanex (TSE:MX – Get Free Report) (NASDAQ:MEOH) last posted its quarterly earnings data on Wednesday, January 31st. The company reported C$0.71 EPS for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.34. The firm had revenue of C$1.26 billion during 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 Trading Up 0.4 %
Methanex Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Wednesday, March 13th. Methanex’s payout ratio is presently 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.
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