Methanex (TSE:MX) Releases Earnings Results, Beats Expectations By $0.48 EPS

Methanex (TSE:MX) (NASDAQ:MEOH) issued its quarterly earnings results on Wednesday. The company reported C$0.88 EPS for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.48, reports. The company had revenue of C$1.23 billion for the quarter, compared to analyst estimates of C$1.23 billion. Methanex had a return on equity of 12.35% and a net margin of 4.68%.

Methanex Stock Performance

MX opened at C$65.96 on Friday. Methanex has a 52-week low of C$50.57 and a 52-week high of C$69.85. The firm has a market capitalization of C$4.45 billion, a PE ratio of 18.85, a PEG ratio of 0.44 and a beta of 1.94. The company has a debt-to-equity ratio of 138.70, a quick ratio of 1.59 and a current ratio of 1.14. The business’s 50-day simple moving average is C$61.90 and its 200 day simple moving average is C$60.63.

Methanex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, June 14th. This is a positive change from Methanex’s previous quarterly dividend of $0.25. Methanex’s dividend payout ratio is presently 28.86%.

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.