Methanex Co. (TSE:MX - Free Report) NASDAQ: MEOH - Analysts at Scotiabank issued their Q2 2024 EPS estimates for shares of Methanex in a research note issued to investors on Monday, April 29th. Scotiabank analyst B. Isaacson anticipates that the company will earn $0.82 per share for the quarter. The consensus estimate for Methanex's current full-year earnings is $3.32 per share.
Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH last issued its earnings results on Wednesday, April 24th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.40 by C$0.48. The business had revenue of C$1.23 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 Up 0.8 %
Shares of Methanex stock traded up C$0.50 during trading on Wednesday, reaching C$66.42. The company had a trading volume of 99,682 shares, compared to its average volume of 100,231. The company has a market cap of C$4.48 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94. The firm's fifty day moving average is C$62.34 and its 200-day moving average is C$60.79. 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$69.85.
Methanex Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, June 13th. This is a positive change from Methanex's previous quarterly dividend of $0.25. Methanex's dividend payout ratio is 28.86%.
About Methanex
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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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