Methanex (MEOH) Projected to Post Earnings on Wednesday

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX will likely be announcing its Q1 2025 earnings results after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $1.29 per share and revenue of $1.06 billion for the quarter.

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last issued its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.30. Methanex had a return on equity of 10.97% and a net margin of 4.41%. On average, analysts expect Methanex to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Methanex Trading Up 1.2 %

Shares of MEOH stock traded up $0.38 during trading hours on Monday, reaching $31.45. The company's stock had a trading volume of 629,743 shares, compared to its average volume of 371,084. The stock has a market capitalization of $2.12 billion, a P/E ratio of 13.61 and a beta of 1.06. Methanex has a one year low of $25.46 and a one year high of $56.43. The firm's fifty day simple moving average is $34.86 and its 200 day simple moving average is $42.27. The company has a current ratio of 2.62, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01.

Methanex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.74 annualized dividend and a yield of 2.35%. Methanex's payout ratio is 32.03%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MEOH. UBS Group reduced their price target on Methanex from $66.00 to $53.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Barclays reduced their price target on Methanex from $57.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Raymond James reduced their price target on Methanex from $62.00 to $40.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Royal Bank of Canada reissued a "sector perform" rating and issued a $55.00 target price on shares of Methanex in a report on Tuesday, April 1st. Finally, Piper Sandler downgraded Methanex from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $71.00 to $36.00 in a report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Methanex currently has a consensus rating of "Moderate Buy" and an average price target of $49.13.

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.