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. Investors 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 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Thursday, September 14th. View Methanex Corporation's Dividend History.

Methanex Corporation announced that its Board of Directors has authorized a stock repurchase plan on Thursday, July 27th 2017, which allows the company to buyback 1,660,000 shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Methanex Corporation (NASDAQ:MEOH) issued its quarterly earnings data on Wednesday, July, 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by $0.23. The firm had revenue of $669 million for the quarter, compared to analysts' expectations of $772.41 million. Methanex Corporation had a net margin of 8.92% and a return on equity of 12.43%. The firm's revenue for the quarter was up 42.9% on a year-over-year basis. During the same period in the prior year, the business 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 twelve-month price targets for Methanex Corporation's stock. Their predictions range from $36.00 to $95.00. On average, they anticipate Methanex Corporation's share price to reach $59.62 in the next year. 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. However, the company is still exposed to a volatile methanol pricing environment. Moreover, it continues to face headwinds due to curtailment of gas supply. Short-term natural gas supply issues are expected to continue across the company’s Trinidad and Egypt operations. Production outages are also affecting its operations." (9/26/2017)
• 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 Corporation (KWR), Calgon Carbon Corporation (CCC), A. Schulman (SHLM), Innophos Holdings (IPHS), Koppers Holdings (KOP), 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

Methanex Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Prudential PLC (20.33%), Boston Partners (4.47%), Bank of New York Mellon Corp (4.17%), Guardian Capital LP (3.92%), FMR LLC (3.48%) and Vanguard Group Inc. (2.40%). View Institutional Ownership Trends for Methanex Corporation.

Methanex Corporation's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Boston Partners, FIL Ltd, Carmignac Gestion, Addenda Capital Inc., Dimensional Fund Advisors LP, Fiera Capital Corp and Guardian Capital LP. View Insider Buying and Selling for Methanex Corporation.

Methanex Corporation's stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Gotham Asset Management LLC, Neuberger Berman Group LLC, Bank of Montreal Can, AGF Investments Inc., Renaissance Technologies LLC, Russell Investments Group Ltd. and State of Tennessee Treasury Department. 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 $51.10.