Methanex Corporation Company Profile (NASDAQ:MEOH)

Methanex Corporation trades on the NASDAQ under the ticker symbol "MEOH."

Methanex Corporation announced a quarterly dividend on Friday, April 28th. Shareholders of record on Friday, June 16th will be given a dividend of $0.30 per share on Friday, June 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, June 14th. This is a positive change from Methanex Corporation's previous quarterly dividend of $0.28. View Methanex Corporation's Dividend History.

Methanex Corporation declared that its board has approved a share buyback program on Thursday, April 6th 2017, which allows the company to buyback 4,490,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Methanex Corporation (NASDAQ:MEOH) released its quarterly earnings data on Wednesday, April, 26th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.38 by $0.18. The company had revenue of $810 million for the quarter, compared to analysts' expectations of $833.32 million. Methanex Corporation had a return on equity of 7.04% and a net margin of 6.01%. The firm's revenue for the quarter was up 86.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.27) earnings per share. View Methanex Corporation's Earnings History.

11 equities research analysts have issued 1-year target prices for Methanex Corporation's stock. Their forecasts range from $36.00 to $80.00. On average, they expect Methanex Corporation's share price to reach $58.45 in the next twelve months. View Analyst Ratings for Methanex Corporation.

Here are some recent quotes from research analysts about Methanex Corporation stock:

• 1. According to Zacks Investment Research, "Estimates for the current year earnings of Methanex have been going down lately. The company has outperformed the Zacks categorized Chemicals-Diversified industry over the past six months. Methanex should gain from healthy demand fundamentals for methanol. We are also optimistic about its Louisiana project, which is expected to create significant value for shareholders and meaningfully contribute to cash generation. The company also remains committed to boost shareholder returns. However, Methanex is still exposed to a volatile methanol pricing environment. Moreover, it continues to face headwinds due to curtailment of gas supply. Production outages are also affecting its operations." (5/23/2017)
• 2. Cowen and Company analysts commented, "We see a significant increase in MEOH share value over the next two years should the company choose to execute, on the suggestion of its largest shareholder, a more aggressive approach toward share repurchase. This would push repurchase to the limits of its FCF until its value per share better reflects methanol replacement costs of about $1,100/mt." (3/28/2017)
• 3. Jefferies Group LLC analysts commented, "Methanol prices settled sharply higher again, in sharp contrast to relatively cautious investor sentiment. Given an expected average FCF yield before dividends of 10% over the next several years, we continue to expect the next fundamental catalysts for Methanex shares to be decisions this summer on the cadence of buybacks and appetite for investing in new capacity... North America methanol prices have settled at $499/t and Asia prices at $500/t. Pricing continues to settle higher than we expected, and supports the argument that Asia demand is coming in stronger than we had initially expected for this year, rather than pricing simply being distorted by inventory dynamics. At current levels, we believe demand destruction is a more significant risk, particularly for 2H17. Prices should retreat into 2018 as new supply enters the market." (2/27/2017)

Methanex Corporation saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 6,977,120 shares, an increase of 13.5% from the May 15th total of 6,149,892 shares. Based on an average daily trading volume, of 951,264 shares, the short-interest ratio is currently 7.3 days.

Some companies that are related to Methanex Corporation include Chemours Company (The) (CC), NewMarket Corporation (NEU), Ingevity Corp (NGVT), Quaker Chemical Corporation (KWR), Innophos Holdings (IPHS), A. Schulman (SHLM), Koppers Holdings (KOP), Calgon Carbon Corporation (CCC), CSW Industrials (CSWI), Westlake Chemical Partners LP (WLKP), UFP Technologies (UFPT), Enzymotec (ENZY), Applied Graphene Materials PLC (AGM), Airgas (ARG) and Axiall Corp (AXLL).

Methanex Corporation's management team includes the folowing people:

• Thomas M. Hamilton Ph.D., Independent Chairman of the Board
• John Floren, President, Chief Executive Officer, Director
• Ian P. Cameron, Chief Financial Officer, Senior Vice President - Finance
• Kevin L. Henderson, Senior Vice President of Marketing
• Vanessa L. James, Senior Vice President - Global Marketing and Logistics
• Wendy L. Bach, Senior Vice President - Corporate Resources
• Michael J. Herz, Senior Vice President - Corporate Development
• Douglas James Arnell, Director
• Bruce M. Aitken, Independent Director
• Howard Robert Balloch, Independent Director

Methanex Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (7.72%), Boston Partners (4.54%), FMR LLC (3.72%), Bank of New York Mellon Corp (2.92%), Vanguard Group Inc. (2.22%) and Neuberger Berman Group LLC (1.47%). View Institutional Ownership Trends for Methanex Corporation.

Methanex Corporation's stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Bank of New York Mellon Corp, FIL Ltd, Great West Life Assurance Co. Can, AGF Investments Inc., OppenheimerFunds Inc., JPMorgan Chase & Co. and Swiss National Bank. View Insider Buying and Selling for Methanex Corporation.

Methanex Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Boston Partners, FMR LLC, Morgan Stanley, AQR Capital Management LLC, Addenda Capital Inc., Renaissance Technologies LLC, Ameriprise Financial Inc. and Karp Capital Management Corp. View Insider Buying and Selling for Methanex Corporation.

Shares of Methanex Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Methanex Corporation stock can currently be purchased for approximately $42.10.