Methanex (NASDAQ:MEOH) (TSE:MX) announced its earnings results on Wednesday. The specialty chemicals company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.16), Briefing.com reports. Methanex had a return on equity of 24.89% and a net margin of 11.84%. The business had revenue of $734.00 million for the quarter, compared to analyst estimates of $719.86 million. During the same quarter in the previous year, the company earned $1.75 EPS. The business’s revenue for the quarter was down 22.7% on a year-over-year basis.
NASDAQ:MEOH traded down $1.76 on Friday, hitting $34.21. The company had a trading volume of 474,954 shares, compared to its average volume of 419,401. The stock has a market cap of $3.02 billion, a PE ratio of 4.99, a price-to-earnings-growth ratio of 1.03 and a beta of 1.69. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. The company’s 50 day moving average price is $43.47. Methanex has a 52 week low of $33.86 and a 52 week high of $83.23.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Friday, September 13th. Methanex’s payout ratio 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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