Methanex (MEOH) Scheduled to Post Earnings on Wednesday
Methanex (NASDAQ:MEOH) (TSE:MX) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.87 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Methanex (NASDAQ:MEOH) (TSE:MX) last released its quarterly earnings data on Wednesday, January 30th. The specialty chemicals company reported $1.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.60). The company had revenue of $977.00 million during the quarter, compared to analysts’ expectations of $986.13 million. Methanex had a return on equity of 31.00% and a net margin of 14.48%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.70 EPS. On average, analysts expect Methanex to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.
MEOH opened at $58.17 on Monday. Methanex has a 12 month low of $45.48 and a 12 month high of $83.23. The stock has a market capitalization of $4.49 billion, a PE ratio of 8.48, a P/E/G ratio of 0.84 and a beta of 1.55. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59.
MEOH has been the topic of a number of research analyst reports. Zacks Investment Research restated a “sell” rating on shares of Methanex in a report on Monday, December 31st. TD Securities reduced their price target on Methanex from $77.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, January 30th. Cowen downgraded Methanex from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $74.00 to $62.00 in a report on Wednesday, February 6th. ValuEngine upgraded Methanex from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $77.00 price target (down previously from $80.00) on shares of Methanex in a report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $78.43.
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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