Methanex Co. (TSE:MX - Free Report) NASDAQ: MEOH - Analysts at Scotiabank raised their FY2024 EPS estimates for Methanex in a research note issued on Wednesday, January 8th. Scotiabank analyst B. Isaacson now expects that the company will post earnings per share of $5.11 for the year, up from their prior estimate of $3.51. The consensus estimate for Methanex's current full-year earnings is $5.95 per share.
Separately, Cibc World Mkts raised shares of Methanex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th.
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Methanex Stock Down 1.6 %
MX traded down C$1.13 during trading on Friday, hitting C$68.86. 274,756 shares of the company's stock were exchanged, compared to its average volume of 132,893. Methanex has a fifty-two week low of C$49.21 and a fifty-two week high of C$74.25. The stock has a market cap of C$4.64 billion, a P/E ratio of 23.66, a PEG ratio of 0.44 and a beta of 1.79. The business's 50 day moving average is C$65.27 and its two-hundred day moving average is C$62.23. The company has a quick ratio of 1.59, a current ratio of 1.25 and a debt-to-equity ratio of 131.58.
Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.65 earnings per share for the quarter, topping analysts' consensus estimates of C$0.60 by C$1.05. The business had revenue of C$1.28 billion for the quarter, compared to the consensus estimate of C$1.26 billion. Methanex had a return on equity of 10.21% and a net margin of 4.06%.
Insider Activity at Methanex
In other Methanex news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$65.39, for a total value of C$504,818.52. 0.35% of the stock is owned by insiders.
About Methanex
(
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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.
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