On Monday, January 22 Cowen & Co maintained Methanex Corporation (NASDAQ:MEOH) with "Buy" rating. Accern also assigned headlines about the specialty chemicals company an impact score of 46.854379758214 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Several brokerages have weighed in on MEOH. The rating was maintained by Alembic on Wednesday, January 31 with "Buy". On Monday, February 12 the company was maintained by Cowen & Co. The stock has "Hold" rating by Scotia Capital on Wednesday, January 31. On Thursday, February 1 the stock rating was maintained by RBC Capital Markets with "Hold".
Among 8 analysts covering Methanex Corp (NASDAQ:MEOH), 4 have Buy rating, 0 Sell and 4 Hold. The firm has "Hold" rating by RBC Capital Markets given on Friday, October 27. Methanex has a twelve month low of $39.47 and a twelve month high of $67.80. The company has market cap of $5.42 billion. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.25 and a current ratio of 1.66.
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Analysts expect Methanex Corporation (NASDAQ:MEOH) to report $2.07 EPS on April, 25.They anticipate $0.51 EPS change or 32.69 % from last quarter's $1.56 EPS. Methanex had a net margin of 10.34% and a return on equity of 22.72%. The firm had revenue of $861.00 million during the quarter, compared to analysts' expectations of $796.57 million. During the same quarter past year, the company earned $0.46 earnings per share. Jefferies Group analyst L. Alexander now forecasts that the specialty chemicals company will post earnings of $1.54 per share for the quarter, up from their previous estimate of $1.48.
Methanex declared that its Board of Directors has authorized a stock repurchase plan on Monday, March 5th that authorizes the company to buyback 6,590,000 shares.
Institutional investors and hedge funds have recently bought and sold shares of the company. Shares buyback programs are typically a sign that the company's management believes its stock is undervalued.
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The company also recently announced a quarterly dividend, which was paid on Saturday, March 31st. Investors of record on Saturday, March 17th will be issued a dividend of $0.33 per share. The ex-dividend date was Thursday, March 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.18%. This is an increase from Methanex's previous quarterly dividend of $0.30. Methanex's dividend payout ratio is presently 28.03%.
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Methanex Corp is a Canada-based producer and supplier of methanol to a range of worldwide markets. It also purchases methanol produced by others under methanol offtake contracts and on the spot market.
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