Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.55 per share for the quarter.
Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.85 earnings per share for the quarter, beating the consensus estimate of C$0.66 by C$0.19. Methanex had a net margin of 4.06% and a return on equity of 10.21%. The firm had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.35 billion.
Methanex Stock Performance
TSE MX traded up C$0.23 on Wednesday, hitting C$55.08. The stock had a trading volume of 82,057 shares, compared to its average volume of 106,944. The company's 50-day moving average is C$57.23 and its two-hundred day moving average is C$63.58. Methanex has a one year low of C$49.21 and a one year high of C$74.25. The stock has a market cap of C$3.71 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 0.44 and a beta of 1.79. The company has a quick ratio of 1.59, a current ratio of 1.25 and a debt-to-equity ratio of 131.58.
Analyst Ratings Changes
Several brokerages recently commented on MX. Tudor Pickering raised Methanex to a "strong-buy" rating in a report on Wednesday, September 11th. Barclays cut Methanex from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 10th. Finally, Piper Sandler upgraded shares of Methanex from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 7th.
Check Out Our Latest Report on Methanex
Insiders Place Their Bets
In other Methanex news, Senior Officer Kevin Price purchased 500 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average cost of C$50.69 per share, with a total value of C$25,347.00. In related news, Director Leslie O'donoghue purchased 2,500 shares of the stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average cost of C$54.75 per share, for a total transaction of C$136,876.00. Also, Senior Officer Kevin Price purchased 500 shares of the company's stock in a transaction dated Thursday, September 12th. The stock was bought at an average cost of C$50.69 per share, for a total transaction of C$25,347.00. In the last three months, insiders have bought 4,953 shares of company stock worth $262,064. Corporate insiders own 0.35% of the company's stock.
Methanex Company Profile
(
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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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