(MEOH) Will Announce Earnings of $2.12 Per Share

Jefferies Group analyst L. Alexander now forecasts that the specialty chemicals company will post earnings of $1.54 per share for the quarter, up from their previous estimate of $1.48. On Wednesday, January 3 the firm has "Buy" rating by Jefferies given. For the next fiscal year, analysts expect that the business will post earnings of $5.14 per share, with EPS estimates ranging from $4.05 to $6.22. On Monday, January 22 Cowen & Co maintained Methanex Corporation (NASDAQ:MEOH) with "Buy" rating. The specialty chemicals company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.51. The firm had revenue of $861.00 million during the quarter, compared to analysts' expectations of $796.57 million.

Several other equities analysts have also recently commented on the stock. BMO Capital Markets maintained the shares of MEOH in report on Thursday, February 1 with "Buy" rating. They noted that the move was a valuation call. The rating was maintained by Cowen & Co with "Buy" on Monday, January 22. The stock of Methanex Corporation (NASDAQ:MEOH) has "Buy" rating given on Wednesday, January 31 by Alembic. Alembic maintained the shares of MEOH in report on Monday, January 8 with "Buy" rating. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The stock has "Buy" rating by BMO Capital Markets on Friday, November 24.

Shares of Methanex (NDAQ:MEOH) traded up 1.57% during trading on Friday, reaching $51.65. The company's market capitalization is $4.64 billion. Methanex has a 12 month low of $39.47 and a 12 month high of $67.80. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.25. Trexquant Investment LP bought a new stake in shares of Methanex in the 3rd quarter worth about $388,000. AXA purchased a new position in Methanex during the fourth quarter valued at approximately $442,000. This buyback authorization authorizes the specialty chemicals company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 31st. Investors of record on Saturday, March 17th were given a dividend of $0.33 per share. This is a positive change from Methanex's previous quarterly dividend of $0.30. The ex-dividend date was Thursday, March 15th. This represents a $1.32 dividend on an annualized basis and a yield of 1.99%. Methanex's payout ratio is 28.03%. This target by RBC Capital indicates the possibile downside of -5.05 % from the close price. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & worldwide copyright law.

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America.

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