Methanex (MEOH) Scheduled to Post Earnings on Tuesday

Methanex (NASDAQ:MEOHGet Free Report) (TSE:MX) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Methanex Trading Down 0.8 %

NASDAQ MEOH opened at $47.57 on Monday. Methanex has a one year low of $38.31 and a one year high of $56.43. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 1.17. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 20.16 and a beta of 1.39. The company’s 50-day simple moving average is $50.14 and its two-hundred day simple moving average is $47.63.

Methanex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.56%. Methanex’s dividend payout ratio is presently 31.36%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MEOH. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $55.00 target price on shares of Methanex in a research report on Friday, June 28th. Jefferies Financial Group raised their price objective on Methanex from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, June 10th. UBS Group boosted their target price on shares of Methanex from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Finally, Scotiabank raised their price target on shares of Methanex from $58.00 to $60.00 and gave the company a “sector outperform” rating in a report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.88.

View Our Latest Analysis on MEOH

About Methanex

(Get Free Report)

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.

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Earnings History for Methanex (NASDAQ:MEOH)

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