Methanex (NASDAQ:MEOH) (TSE:MX) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Methanex (NASDAQ:MEOH) (TSE:MX) last announced its quarterly earnings data on Wednesday, July 31st. The specialty chemicals company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.16). Methanex had a net margin of 10.81% and a return on equity of 18.33%. The firm had revenue of $734.00 million for the quarter, compared to analyst estimates of $719.86 million. During the same quarter in the previous year, the company earned $1.75 EPS. The company’s quarterly revenue was down 22.7% compared to the same quarter last year. On average, analysts expect Methanex to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NASDAQ MEOH opened at $35.19 on Wednesday. The stock’s 50 day moving average price is $35.24 and its two-hundred day moving average price is $42.30. Methanex has a 52-week low of $30.25 and a 52-week high of $71.78. The stock has a market capitalization of $2.70 billion, a P/E ratio of 5.13, a PEG ratio of 1.98 and a beta of 1.77. The company has a quick ratio of 0.71, a current ratio of 1.04 and a debt-to-equity ratio of 0.92.
MEOH has been the topic of several research reports. Jefferies Financial Group upped their price objective on Methanex from $34.00 to $38.00 and gave the company a “hold” rating in a research note on Tuesday, September 17th. Alembic Global Advisors set a $55.00 price objective on Methanex and gave the company a “hold” rating in a research note on Monday, August 26th. Citigroup cut their price objective on Methanex from $49.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. BMO Capital Markets cut their price objective on Methanex from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, June 28th. Finally, Royal Bank of Canada upgraded Methanex from a “sector perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Methanex currently has a consensus rating of “Hold” and an average target price of $53.40.
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.
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