Methanex (NASDAQ:MEOH – Get Free Report) (TSE:MX) issued its quarterly earnings data on Wednesday. The specialty chemicals company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.30, Zacks reports. Methanex had a net margin of 4.12% and a return on equity of 9.04%.
Methanex Stock Performance
Shares of NASDAQ:MEOH traded up $0.81 during midday trading on Wednesday, reaching $49.85. The company had a trading volume of 525,784 shares, compared to its average volume of 365,566. Methanex has a 52-week low of $36.13 and a 52-week high of $56.43. The company’s 50 day moving average price is $48.09 and its 200 day moving average price is $44.88. The company has a current ratio of 1.34, a quick ratio of 1.01 and a debt-to-equity ratio of 0.79. The stock has a market cap of $3.36 billion, a P/E ratio of 23.29 and a beta of 1.37.
Methanex Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.74 dividend on an annualized basis and a yield of 1.48%. Methanex’s dividend payout ratio (DPR) is currently 34.58%.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on Methanex
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.
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