Methanex (MEOH) Projected to Post Earnings on Wednesday

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

Methanex Price Performance

Shares of NASDAQ MEOH opened at $50.36 on Tuesday. The company has a 50 day moving average of $47.88 and a 200 day moving average of $44.89. The company has a quick ratio of 1.01, a current ratio of 1.34 and a debt-to-equity ratio of 0.79. Methanex has a twelve month low of $36.13 and a twelve month high of $56.43. The firm has a market cap of $3.39 billion, a P/E ratio of 23.53 and a beta of 1.37.

Methanex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Tuesday, December 17th. Methanex’s dividend payout ratio is currently 34.58%.

Analysts Set New Price Targets

Several equities research analysts recently commented on MEOH shares. Cibc World Mkts upgraded Methanex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Piper Sandler boosted 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. Raymond James raised their target price on shares of Methanex from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Barclays boosted their target price on shares of Methanex from $46.00 to $54.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, UBS Group dropped their price target on Methanex from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Methanex presently has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Methanex Company Profile

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.