Methanex Corporation Company Profile (NASDAQ:MEOH)

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

Methanex Corporation declared a quarterly dividend on Friday, July 21st. Stockholders of record on Saturday, September 16th will be given a dividend of $0.30 per share on Saturday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, September 14th. View Methanex Corporation's Dividend History.

Methanex Corporation announced that its Board of Directors has approved a stock repurchase plan on Thursday, July 27th 2017, which authorizes the company to buyback 1,660,000 shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Methanex Corporation (NASDAQ:MEOH) released its quarterly earnings results on Wednesday, July, 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.08 by $0.23. The firm earned $669 million during the quarter, compared to the consensus estimate of $772.41 million. Methanex Corporation had a net margin of 8.92% and a return on equity of 12.43%. The business's quarterly revenue was up 42.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.34) earnings per share. View Methanex Corporation's Earnings History.

Methanex Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Methanex Corporation.

13 brokerages have issued 1 year price targets for Methanex Corporation's shares. Their forecasts range from $36.00 to $80.00. On average, they anticipate Methanex Corporation's stock price to reach $56.65 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, "Methanex has outperformed the industry it belongs to over a year. 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. " (10/3/2017)
• 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)

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

Methanex Corporation's management team includes the folowing people:

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

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 $50.20.