Jefferies Group Weighs in on Methanex Co.’s Q1 2018 Earnings (MX)
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%.
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.
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.
Receive News & Ratings for Methanex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex and related companies with MarketBeat.com's FREE daily email newsletter.