Q2 2018 EPS Estimates for Methanex Co. Boosted by Jefferies Group (MX)

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Analysts at Jefferies Group upped their Q2 2018 EPS estimates for Methanex in a research note issued on Wednesday. Jefferies Group analyst L. Alexander now anticipates that the company will post earnings per share of $2.00 for the quarter, up from their prior forecast of $1.85. Jefferies Group also issued estimates for Methanex’s Q4 2018 earnings at $1.52 EPS, FY2018 earnings at $7.00 EPS, FY2019 earnings at $5.25 EPS and FY2020 earnings at $4.54 EPS.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its quarterly earnings results on Wednesday, January 31st. The company reported C$2.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.48 by C$0.68. Methanex had a net margin of 9.86% and a return on equity of 18.05%. The firm had revenue of C$1.09 billion during the quarter.

Other equities analysts have also recently issued reports about the stock. Sanford C. Bernstein decreased their price target on shares of Methanex from C$46.43 to C$41.89 in a research report on Monday, January 29th. BMO Capital Markets set a C$72.00 price target on shares of Methanex and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, TD Securities upped their price target on shares of Methanex to C$85.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Methanex has an average rating of “Hold” and a consensus price target of C$69.48.

Methanex (TSE MX) opened at C$76.17 on Friday. Methanex has a 12-month low of C$52.63 and a 12-month high of C$80.61. The stock has a market cap of $6,050.00, a P/E ratio of 16.45 and a beta of 1.36.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 31st. Stockholders of record on Saturday, March 17th will be given a dividend of $0.406 per share. The ex-dividend date of this dividend is Thursday, March 15th. This is a boost from Methanex’s previous quarterly dividend of $0.30. This represents a $1.62 annualized dividend and a dividend yield of 2.13%. Methanex’s dividend payout ratio is 25.38%.

In other news, Director Vanessa James sold 7,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$75.01, for a total transaction of C$525,070.00. Also, Director Wade Wiggins sold 8,100 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of C$56.35, for a total transaction of C$456,435.00.

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Methanex Company Profile

Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.

Earnings History and Estimates for Methanex (TSE:MX)

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