Methanex Corporation (MX) EPS Estimated At $2.70 on April, 25

Lester Mason
April 19, 2018

Total analysts of 2 have positions in Methanex (TSE:MX) as follows: 1 rated it a "Buy", 0 with "Sell" and 1 with "Hold". The stock has a consensus rating of "Hold" and a consensus price target of $59.86.

NASDAQ:MEOH traded up $0.40 during mid-day trading on Wednesday, hitting $69.05. The firm owned 80,347 shares of the specialty chemicals company's stock after selling 10,525 shares during the period. The company's market cap is $4.01 billion. Methanex Corporation (TSE:MX) has 0.00% since April 19, 2017 and is. If $2.70 is reported, T_MX's profit will reach $226.21M for 7.99 P/E. 25.00 % EPS growth is what analysts predict. $2.16 earnings per share was reported for last [previous quarter]. The company had revenue of $861.00 million for the quarter, compared to analysts' expectations of $796.57 million. Methanex had a return on equity of 22.72% and a net margin of 10.34%. Analysts expect change of 31.07 % or $0.64 from previous year's $2.06 earnings per share compared to current's $2.70 earnings per share. Investors of record on Saturday, March 17th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, March 15th. This is an increase from Methanex's previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.92%. Methanex's payout ratio is now 28.03%. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Other institutional investors and hedge funds have also modified their holdings of the company. AlphaOne also gave media coverage about the specialty chemicals company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future.

Methanex (NASDAQ:MEOH) (TSE:MX) has been given a $69.50 price objective by investment analysts at Scotiabank in a report issued on Wednesday. TD Asset Management Inc. now owns 612,576 shares of the specialty chemicals company's stock worth $30,711,000 after acquiring an additional 14,592 shares in the last quarter. ETRADE Capital Management LLC purchased a new stake in Methanex in the third quarter worth about $241,000.

Shares of MX stock opened at C$86.00 on Monday. Finally, AMP Capital Investors Ltd lifted its stake in shares of Methanex by 4.4% in the 4th quarter.

Methanex announced that its Board of Directors has initiated a stock repurchase plan on Monday, March 5th that authorizes the company to buyback 6,590,000 shares. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. and worldwide trademark and copyright law.

Methanex Corp is a Canada-based producer and supplier of methanol to a range of global markets. It also purchases methanol produced by others under methanol offtake contracts and on the spot market.23.72 is the P/E ratio.

Other reports by Iphone Fresh

Discuss This Article