About Methanex (NASDAQ:MEOH)
Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers. The Company's subsidiary, Waterfront Shipping Company Limited, operates its fleet, which is made up of over 20 vessels ranging from 3,000 to 50,000 deadweight tons of capacity. It has over three production facilities in New Zealand that supply methanol primarily to customers in Asia Pacific. The Company operates over two plants in Trinidad, Titan and Atlas, which supply methanol to markets in North America, Europe, Asia Pacific and South America. Its joint venture facility in Egypt supplies methanol to markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America.
Industry, Sector and Symbol
Industry Commodity Chemicals
Trailing P/E Ratio16.4548487425106
Forward P/E Ratio9.53
Sales & Book Value
Annual Sales$3.06 billion
Price / Sales1.59
Cash Flow$7.77 per share
Price / Cash7.50
Book Value$20.83 per share
Price / Book2.80
Net Income$316.13 million
Return on Equity22.72%
Return on Assets8.84%
Methanex (NASDAQ:MEOH) Frequently Asked Questions
What is Methanex's stock symbol?
Methanex trades on the NASDAQ under the ticker symbol "MEOH."
How often does Methanex pay dividends? What is the dividend yield for Methanex?
Methanex announced a quarterly dividend on Thursday, February 1st. Shareholders of record on Saturday, March 17th will be paid a dividend of $0.33 per share on Saturday, March 31st. This represents a $1.32 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, March 15th. This is a boost from Methanex's previous quarterly dividend of $0.30. View Methanex's Dividend History.
How will Methanex's stock buyback program work?
Methanex declared that its Board of Directors has approved a share buyback program on Thursday, July 27th 2017, which authorizes the company to buyback 1,660,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.
How were Methanex's earnings last quarter?
Methanex Co. (NASDAQ:MEOH) issued its earnings results on Wednesday, January, 31st. The specialty chemicals company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.51. The specialty chemicals company had revenue of $861 million for the quarter, compared to analyst estimates of $796.57 million. Methanex had a return on equity of 22.72% and a net margin of 10.34%. The business's revenue for the quarter was up 47.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. View Methanex's Earnings History.
When will Methanex make its next earnings announcement?
Where is Methanex's stock going? Where will Methanex's stock price be in 2018?
13 brokers have issued 12-month price objectives for Methanex's shares. Their predictions range from $36.00 to $72.00. On average, they expect Methanex's stock price to reach $60.31 in the next twelve months. View Analyst Ratings for Methanex.
What are Wall Street analysts saying about Methanex stock?
Here are some recent quotes from research analysts about Methanex 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 Inc 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)
Who are some of Methanex's key competitors?
Some companies that are related to Methanex include Chemours (CC), Olin (OLN), NewMarket (NEU), Ingevity (NGVT), Quaker Chemical (KWR), PQ Group (PQG), Taminco (TAM), A Schulman (SHLM), Calgon Carbon (CCC), Innophos (IPHS), Koppers (KOP), CSW Industrials (CSWI), Westlake Chemical Partners (WLKP), Trecora Resources (TREC), Enzymotec (ENZY), UFP Technologies (UFPT), Zotefoams (ZTF) and Verenium (VRNM).
Who are Methanex's key executives?
Methanex's management team includes the folowing people:
- Thomas M. Hamilton Ph.D., Independent Chairman of the Board (Age 73)
- John N. Floren, President, Chief Executive Officer, Director (Age 58)
- 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 (Age 62)
- Douglas James Arnell, Independent Director (Age 50)
Who owns Methanex stock?
Methanex's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Boston Partners (4.39%), Bank of New York Mellon Corp (1.21%), Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp (1.09%), Clearbridge Investments LLC (0.90%), Polaris Capital Management LLC (0.84%) and Two Sigma Investments LP (0.60%). View Institutional Ownership Trends for Methanex.
Who sold Methanex stock? Who is selling Methanex stock?
Methanex's stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Millennium Management LLC, Two Sigma Investments LP, Gotham Asset Management LLC, Two Sigma Advisers LP, Deutsche Bank AG, Franklin Resources Inc. and Boston Partners. View Insider Buying and Selling for Methanex.
Who bought Methanex stock? Who is buying Methanex stock?
Methanex's stock was purchased by a variety of institutional investors in the last quarter, including Polaris Capital Management LLC, DSAM Partners London Ltd, Mackenzie Financial Corp, Boston Advisors LLC, Jones Collombin Investment Counsel Inc, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, CIBC World Markets Inc. and ARP Americas LP. View Insider Buying and Selling for Methanex.
How do I buy Methanex stock?
Shares of Methanex can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Methanex's stock price today?
One share of Methanex stock can currently be purchased for approximately $58.25.
How big of a company is Methanex?
Methanex has a market capitalization of $4.80 billion and generates $3.06 billion in revenue each year. The specialty chemicals company earns $316.13 million in net income (profit) each year or $3.54 on an earnings per share basis. Methanex employs 1,275 workers across the globe.
How can I contact Methanex?
Methanex's mailing address is 1800 WATERFRONT CENTER 200 BURRARD STREET, VANCOUVER A1, V6C 3M1. The specialty chemicals company can be reached via phone at 604-661-2600 or via email at [email protected]
MarketBeat Community Rating for Methanex (MEOH)MarketBeat's community ratings are surveys of what our community members think about Methanex and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Methanex (NASDAQ:MEOH) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Buy|
|Consensus Rating Score: ||2.31||2.31||2.46||2.54|
|Ratings Breakdown: ||1 Sell Rating(s)|
7 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
7 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
5 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
4 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$60.31||$58.23||$54.73||$58.31|
|Price Target Upside: ||0.15% upside||5.01% downside||4.85% upside||28.86% upside|
Methanex (NASDAQ:MEOH) Consensus Price Target History
Methanex (NASDAQ:MEOH) Analyst Ratings History
(Data available from 2/23/2016 forward)
Methanex (NASDAQ:MEOH) Earnings History and Estimates Chart
Methanex (NASDAQ MEOH) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/25/2018|| || || || || || || || |
|1/31/2018||n/a||$1.19||$1.70||$796.57 million||$861.00 million||View||Listen|
|10/25/2017||Q3||$0.55||$0.60||$614.19 million||$720.00 million||View||N/A|
|7/26/2017||Q2||$1.08||$0.85||$772.41 million||$669.00 million||View||N/A|
|4/26/2017||Q1||$1.38||$1.56||$833.32 million||$810.00 million||View||N/A|
|1/25/2017||Q416||$0.20||$0.46||$544.94 million||$585.00 million||View||N/A|
|10/26/2016||Q316||($0.21)||($0.01)||$2.09 million||$2.48 million||View||N/A|
|7/27/2016||Q216||($0.27)||($0.34)||$422.82 million||$468.00 million||View||N/A|
|4/27/2016||Q1 2016||($0.26)||$448.75 million||$434.85 million||View||N/A|
|1/27/2016||Q4 2015||$0.11||$559.20 million||$484.00 million||View||N/A|
|10/28/2015||Q315||$0.28||$0.54||$641.40 million||$527.00 million||View||Listen|
|7/29/2015||Q215||$0.75||$0.52||$639.19 million||$637.80 million||View||Listen|
|4/29/2015||Q115||$0.50||$0.09||$612.54 million||$576.74 million||View||N/A|
|1/28/2015||Q414||$0.93||$1.11||$740.77 million||$733.50 million||View||N/A|
|10/29/2014||Q314||$0.65||$0.54||$685.80 million||$730.00 million||View||N/A|
|7/30/2014||Q2 2014||$1.02||$1.01||$822.40 million||$791.31 million||View||N/A|
|4/29/2014||Q1 2014||$1.84||$1.50||$1.00 billion||$968.48 million||View||N/A|
|1/29/2014||Q4||$1.51||$1.72||$861.15 million||$880.90 million||View||N/A|
|10/30/2013||Q3 2013||$0.90||$693.86 million||$758.15 million||View||N/A|
|7/24/2013||Q2 2013||$0.94||$716.55 million||$733.10 million||View||N/A|
|4/24/2013||Q1 2013||$0.63||$777.30 million||$651.90 million||View||N/A|
Methanex (NASDAQ:MEOH) Earnings Estimates
2018 EPS Consensus Estimate: $5.25
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Methanex (NASDAQ:MEOH) Dividend Information
|Payout Ratio:||33.90% (Trailing 12 Months of Earnings) |
19.64% (Based on This Year's Estimates)
23.35% (Based on Next Year's Estimates)
Methanex (NASDAQ:MEOH) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Methanex (NASDAQ MEOH)
No insider trades for this company have been tracked by MarketBeat.com
Methanex (NASDAQ MEOH) News Headlines
Methanex (NASDAQ:MEOH) SEC Filings
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Methanex (NASDAQ:MEOH) Income Statement, Balance Sheet and Cash Flow Statement
Methanex (NASDAQ MEOH) Stock Chart for Friday, February, 23, 2018