Methanex Co. to Post Q2 2024 Earnings of $0.82 Per Share, Scotiabank Forecasts (TSE:MX)

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Investment analysts at Scotiabank issued their Q2 2024 EPS estimates for Methanex in a research note issued to investors on Monday, April 29th. Scotiabank analyst B. Isaacson expects that the company will post earnings per share of $0.82 for the quarter. The consensus estimate for Methanex’s current full-year earnings is $3.32 per share.

Methanex Price Performance

MX stock opened at C$65.92 on Wednesday. The firm has a 50 day moving average price of C$62.19 and a 200-day moving average price of C$60.75. 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$4.44 billion, a price-to-earnings ratio of 18.83, 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.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its earnings results on Wednesday, April 24th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.40 by C$0.48. Methanex had a net margin of 4.68% and a return on equity of 12.35%. The firm had revenue of C$1.23 billion during the quarter, compared to analyst estimates of C$1.23 billion.

Methanex Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders 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 dividend yield of 1.52%. This is a positive change from Methanex’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, June 13th. Methanex’s dividend payout ratio (DPR) 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.