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, July 21st. Investors of record on Saturday, September 16th will be paid a dividend of $0.30 per share on Saturday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.57%. 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 buyback program on Thursday, April 6th 2017, which allows the company to repurchase 4,490,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Methanex Corporation (NASDAQ:MEOH) released its quarterly earnings data on Wednesday, October, 26th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.20. The business had revenue of $2.48 million for the quarter, compared to the consensus estimate of $2.09 million. Methanex Corporation had a net margin of 6.01% and a return on equity of 7.04%. The business's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. View Methanex Corporation's Earnings History.

11 analysts have issued 12-month price objectives for Methanex Corporation's shares. Their forecasts range from $36.00 to $80.00. On average, they expect Methanex Corporation's stock price to reach $56.36 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 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." (7/17/2017)
• 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 NewMarket Corporation (NEU), Olin Corporation (OLN), Ingevity Corp (NGVT), Quaker Chemical Corporation (KWR), Innophos Holdings (IPHS), Calgon Carbon Corporation (CCC), Koppers Holdings (KOP), A. Schulman (SHLM), Westlake Chemical Partners LP (WLKP), CSW Industrials (CSWI), Trecora Resources (TREC), UFP Technologies (UFPT), Enzymotec (ENZY), 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 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 number of of retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (1.17%), Bank of Montreal Can (1.06%), APG Asset Management N.V. (0.16%), Aperio Group LLC (0.10%), US Bancorp DE (0.03%) and BB&T Corp (0.03%). View Institutional Ownership Trends for Methanex Corporation.

Methanex Corporation's stock was sold by a variety of institutional investors in the last quarter, including Cottage Street Advisors LLC, Aperio Group LLC and OLD National Bancorp IN. 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 Bank of Montreal Can, Russell Investments Group Ltd., Mn Services Vermogensbeheer B.V., Westbourne Investment Advisors Inc., BB&T Corp and US Bancorp DE. 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 $46.70.