Methanex (NASDAQ:MEOH) (TSE:MX) issued its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.16), Briefing.com reports. The company had revenue of $734.00 million during the quarter, compared to analysts’ expectations of $719.86 million. Methanex had a net margin of 11.84% and a return on equity of 24.89%. The company’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.75 earnings per share.
MEOH traded down $1.76 during trading on Friday, reaching $34.21. The company’s stock had a trading volume of 474,954 shares, compared to its average volume of 419,401. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 0.90. The stock has a fifty day simple moving average of $43.47. Methanex has a 1 year low of $33.86 and a 1 year high of $83.23. The company has a market capitalization of $3.02 billion, a P/E ratio of 4.99, a price-to-earnings-growth ratio of 1.03 and a beta of 1.69.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Friday, September 13th. Methanex’s dividend payout ratio (DPR) is 20.99%.
Methanex Company Profile
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.
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