Methanex Co. (TSE:MX) Expected to Earn Q1 2024 Earnings of $0.37 Per Share

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities research analysts at Raymond James lifted their Q1 2024 earnings per share estimates for Methanex in a research report issued on Tuesday, April 16th. Raymond James analyst S. Hansen now expects that the company will post earnings per share of $0.37 for the quarter, up from their prior 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 Price Performance

Shares of TSE MX opened at C$65.93 on Thursday. The stock has a fifty day simple moving average of C$61.57 and a two-hundred day simple moving average of C$60.37. Methanex has a 1-year low of C$50.57 and a 1-year high of C$69.75. The firm has a market cap of C$4.44 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94. The company has a current ratio of 1.14, a quick ratio of 1.59 and a debt-to-equity ratio of 138.70.

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

Methanex Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Wednesday, March 13th. Methanex’s dividend 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.