Methanex (MX) Set to Announce Quarterly Earnings on Wednesday

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

Methanex (TSE:MX) (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 company had revenue of C$1.26 billion for the quarter, compared to analyst estimates of C$1.23 billion. Methanex had a return on equity of 12.35% and a net margin of 4.68%.

Methanex Stock Performance

TSE:MX opened at C$65.37 on Tuesday. The company has a 50 day simple moving average of C$61.62 and a two-hundred day simple moving average of C$60.45. The company has a debt-to-equity ratio of 138.70, a quick ratio of 1.59 and a current ratio of 1.14. Methanex has a fifty-two week low of C$50.57 and a fifty-two week high of C$69.75. The company has a market capitalization of C$4.41 billion, a PE ratio of 18.68, a P/E/G ratio of 0.44 and a beta of 1.94.

Methanex Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.245 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.98 dividend on an annualized basis and a yield of 1.50%. Methanex’s dividend payout ratio (DPR) is currently 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.