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. Shareholders 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 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, September 14th. View Methanex Corporation's Dividend History.

Methanex Corporation declared that its board has approved a stock buyback plan on Thursday, July 27th 2017, which permits the company to buyback 1,660,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Methanex Corporation (NASDAQ:MEOH) issued its quarterly earnings results on Wednesday, July, 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by $0.23. The business had revenue of $669 million for the quarter, compared to analyst estimates of $772.41 million. Methanex Corporation had a net margin of 8.92% and a return on equity of 12.43%. The firm's quarterly revenue was up 42.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($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 brokers have issued 12-month target prices for Methanex Corporation's stock. Their predictions range from $36.00 to $95.00. On average, they expect Methanex Corporation's stock price to reach $59.62 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 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 number of of institutional and retail investors. Top institutional shareholders 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 $51.80.