Methanex (MEOH) Expected to Announce Quarterly Earnings on Wednesday

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX is expected to be posting its Q1 2025 quarterly earnings results after the market closes on Wednesday, April 30th. Analysts expect Methanex to post earnings of $1.29 per share and revenue of $1.06 billion for the quarter.

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last posted its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.30. Methanex had a net margin of 4.41% and a return on equity of 10.97%. On average, analysts expect Methanex to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Methanex Stock Performance

Shares of MEOH traded up $0.14 during midday trading on Friday, reaching $31.07. The stock had a trading volume of 311,558 shares, compared to its average volume of 370,528. The firm has a market cap of $2.09 billion, a PE ratio of 13.45 and a beta of 1.06. The firm has a 50 day simple moving average of $35.46 and a 200-day simple moving average of $42.43. Methanex has a one year low of $25.46 and a one year high of $56.43. The company has a current ratio of 2.62, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01.

Methanex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Monday, March 17th. Methanex's payout ratio is currently 32.03%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MEOH shares. Scotiabank downgraded shares of Methanex from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the company from $66.00 to $53.00 in a research note on Monday, March 10th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $55.00 target price on shares of Methanex in a research report on Tuesday, April 1st. UBS Group reduced their price target on shares of Methanex from $66.00 to $53.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Piper Sandler cut Methanex from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $71.00 to $36.00 in a report on Monday, April 7th. Finally, CIBC lowered their target price on Methanex from $63.00 to $55.00 and set an "outperformer" rating for the company in a research report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $49.13.

About Methanex

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.