How Much Does Methanex Corporation (MEOH) Pay Out In Dividends?

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As of Wednesday close, Methanex Corporation’s (NASDAQ:MEOH) stock was up $0.39, moving up 0.99 percent to $39.86. The average number of shares traded per day over the past five days has been 225,960 shares. 4 times new highs have been achieved over the past 5 days, with a $1.33 gain in that time frame. In the last twenty days, the average volume was 396,095, while in the previous 50 days, it was 452,270.

Since last month, MEOH stock rose 16.75%. Shares of the company fell to $33.34 on 10/24/22, the lowest level in the past month. A 52-week high of $56.79 was reached on 04/18/22 after having rallying from a 52-week low of $28.73. Since the beginning of this year, MEOH’s stock price has risen by 0.78% or $0.31, and marked a new high 25 times. However, the stock has declined by -29.81% since its 52-week high.


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Valuation Metrics

Right now, Methanex Corporation (MEOH) has a P/E ratio of about 5.73. The stock’s beta is 1.64. Besides these, the trailing price-to-sales (P/S) ratio of 0.61, the price-to-book (PB) ratio of 1.30, and the price-to-cash flow ratio of 3.14 may also be considered.

The latest dividend of $0.1750 per share was paid out, remained unchanged from last year’s $0.1750. On Thursday July 14 2022, a $0.03 dividend increase was announced.

Financial Health

In the three months ended June 29, Methanex Corporation’s quick ratio stood at 1.70, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.34, and the total debt-to-equity ratio was 1.40. On the profitability front, the trailing twelve-month gross margin is 23.00% percent. In the year ended June 29, operating margins totaled 17.40%. Based on annual data, MEOH earned $1.08 billion in gross profit and brought in $4.41 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.20%. Return on equity (ROE) for the past 12 months was 25.90%.

In Methanex Corporation’s quarter-end financial report for June 29, it reported total debt of $286.07 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MEOH’s revenue fell -19.75% during the quarter, while net income inched up to $3.28 billion. While analysts expected Methanex Corporation to report $1.15 quarterly earnings, the actual figure was $1.24 per share, beating the consensus estimate by 7.80%. During the quarter, the company generated $266.96 million in EBITDA. The liabilities of Methanex Corporation were 4.21 billion at the end of its most recent quarter ended June 29, and its total debt was $3.01 billion.

Technical Picture

This quick technical analysis looks at Methanex Corporation’s (MEOH) price momentum. With a historical volatility rate of 32.81%, the RSI 9-day stood at 62.99% on 23 November.

With respect to its five-day moving average, the current Methanex Corporation price is up by +3.45% percent or $1.33. At present, MEOH shares trade +17.13% above its 20-day simple moving average and +8.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.38% above its SMA50 and -17.17% below its SMA200.

Stochastic coefficient K was 72.31% and Stochastic coefficient D was 67.45%, while ATR was 1.46. Given the Stochastic reading of 77.27% for the 14-day period, the RSI (14) reading has been calculated as 60.95%. As of today, the MACD Oscillator reading stands at 0.02, while the 14-day reading stands at 0.47.

Analyst Ratings

Scotiabank upgraded its rating on Methanex Corporation (NASDAQ: MEOH) to a Sector outperform in a note to investors on September 26, 2022. The analysts firm previously had a Sector perform rating on the stock.Methanex Corporation (MEOH) has been rated Hold by analysts. According to 2 brokerage firms, MEOH is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Methanex Corporation stock as buy, with 4 recommending it as overweight.

With a median target price of $48.00, the current consensus forecast for the stock is $31.00 – $60.00. Based on these forecasts, analysts predict Methanex Corporation (MEOH) will achieve an average price target of $45.36.

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