Methanex Co. (TSE:MX) Expected to Post Q3 2024 Earnings of $0.70 Per Share

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Analysts at Scotiabank issued their Q3 2024 earnings per share estimates for shares of Methanex in a research report issued on Wednesday, July 31st. Scotiabank analyst B. Isaacson expects that the company will earn $0.70 per share for the quarter. The consensus estimate for Methanex’s current full-year earnings is $3.17 per share.

Methanex Price Performance

Shares of TSE MX opened at C$58.04 on Monday. The stock’s 50-day simple moving average is C$67.54 and its 200-day simple moving average is C$64.97. The firm has a market capitalization of C$3.91 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 0.44 and a beta of 1.91. Methanex has a fifty-two week low of C$53.00 and a fifty-two week high of C$74.25. The company has a debt-to-equity ratio of 136.07, a quick ratio of 1.59 and a current ratio of 1.17.

Insider Transactions at Methanex

In other Methanex news, Director Xiaoping Yang sold 500 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of C$54.90, for a total value of C$27,450.00. In related news, Director Alejandro Larrive sold 1,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of C$72.16, for a total value of C$72,160.00. Also, Director Xiaoping Yang sold 500 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of C$54.90, for a total transaction of C$27,450.00. In the last quarter, insiders sold 4,788 shares of company stock worth $325,421. 0.33% of the stock is currently owned by insiders.

Methanex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.253 per share. The ex-dividend date is Monday, September 16th. This represents a $1.01 dividend on an annualized basis and a yield of 1.74%. This is a boost from Methanex’s previous quarterly dividend of $0.25. Methanex’s dividend payout ratio (DPR) is presently 29.97%.

Methanex Company Profile

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.