Methanex (MEOH) Expected to Announce Earnings on Wednesday

Methanex (NASDAQ:MEOH) (TSE:MX) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.94 per share and revenue of $1,023,720.00 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Methanex Price Performance

Shares of NASDAQ MEOH opened at $50.78 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.01 and a debt-to-equity ratio of 0.79. The firm’s 50-day moving average price is $47.88 and its 200-day moving average price is $44.93. The firm has a market capitalization of $3.42 billion, a P/E ratio of 23.73 and a beta of 1.37. Methanex has a 1-year low of $36.13 and a 1-year high of $56.43.

Methanex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, December 17th. Methanex’s dividend payout ratio (DPR) is currently 34.58%.

Analyst Upgrades and Downgrades

MEOH has been the subject of several recent research reports. UBS Group decreased their price objective on Methanex from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Raymond James upped their price objective on shares of Methanex from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Piper Sandler lifted their price objective on shares of Methanex from $68.00 to $71.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Barclays upped their target price on shares of Methanex from $44.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $55.00 price target on shares of Methanex in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Methanex presently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

About Methanex

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.