Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Research analysts at Jefferies Group reduced their Q1 2018 earnings per share (EPS) estimates for Methanex in a report issued on Tuesday. Jefferies Group analyst L. Alexander now anticipates that the company will post earnings per share of $2.36 for the quarter, down from their previous estimate of $2.51. Jefferies Group also issued estimates for Methanex’s Q2 2018 earnings at $1.85 EPS, FY2019 earnings at $5.08 EPS and FY2020 earnings at $4.39 EPS.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its quarterly earnings results on Wednesday, January 31st. The company reported C$2.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$1.48 by C$0.68. The company had revenue of C$1.09 billion for the quarter. Methanex had a return on equity of 8.31% and a net margin of 5.33%.

Several other equities research analysts have also recently commented on MX. TD Securities boosted their target price on Methanex to C$75.50 and gave the stock a “buy” rating in a report on Friday, October 27th. Scotiabank reissued a “sector perform” rating and set a C$67.00 target price on shares of Methanex in a report on Wednesday, October 18th. BMO Capital Markets set a C$72.00 target price on Methanex and gave the stock an “outperform” rating in a report on Friday, February 2nd. Sanford C. Bernstein dropped their target price on Methanex from C$46.43 to C$41.89 in a report on Monday, January 29th. Finally, Raymond James Financial cut Methanex from an “outperform” rating to a “market perform” rating and set a C$77.00 target price on the stock. in a report on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$69.48.

Shares of Methanex (TSE:MX) opened at C$73.02 on Thursday. The firm has a market capitalization of $6,320.00, a P/E ratio of 16.65 and a beta of 1.32. Methanex has a twelve month low of C$52.63 and a twelve month high of C$80.61.

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 31st. Shareholders of record on Saturday, March 17th will be issued a $0.406 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.62 annualized dividend and a dividend yield of 2.22%. This is a boost from Methanex’s previous quarterly dividend of $0.30. Methanex’s dividend payout ratio is currently 25.44%.

In other Methanex news, insider David Valembois sold 1,600 shares of Methanex stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of C$52.95, for a total transaction of C$84,720.00. Also, Director Wade Wiggins sold 8,100 shares of Methanex stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of C$56.35, for a total transaction of C$456,435.00. Insiders sold 35,700 shares of company stock worth $2,391,155 in the last ninety days.

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Methanex Company Profile

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.

Earnings History and Estimates for Methanex (TSE:MX)

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