Methanex (TSE:MX) Posts Earnings Results, Beats Estimates By $0.48 EPS

Methanex (TSE:MX) (NASDAQ:MEOH) released its quarterly earnings results on Wednesday. The company reported C$0.88 EPS for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.48, reports. Methanex had a net margin of 4.68% and a return on equity of 12.35%. The firm had revenue of C$1.23 billion during the quarter, compared to analyst estimates of C$1.23 billion.

Methanex Stock Up 1.1 %

Shares of TSE:MX opened at C$65.96 on Friday. The company has a debt-to-equity ratio of 138.70, a quick ratio of 1.59 and a current ratio of 1.14. The firm has a market capitalization of C$4.45 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94. The firm has a fifty day moving average of C$61.90 and a 200 day moving average of C$60.63. Methanex has a 52-week low of C$50.57 and a 52-week high of C$69.85.

Methanex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 14th. This is a positive change from Methanex’s previous quarterly dividend of $0.25. This represents a $1.00 annualized dividend and a yield of 1.52%. Methanex’s payout ratio is 28.86%.

About Methanex

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.