Methanex Co. to Post Q2 2017 Earnings of $1.44 Per Share, Jefferies Group Forecasts (MX)

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities research analysts at Jefferies Group raised their Q2 2017 EPS estimates for shares of Methanex in a report released on Tuesday. Jefferies Group analyst L. Alexander now expects that the company will post earnings per share of $1.44 for the quarter, up from their prior forecast of $1.13. Jefferies Group also issued estimates for Methanex’s Q3 2017 earnings at $0.59 EPS, Q1 2018 earnings at $1.20 EPS, Q2 2018 earnings at $1.52 EPS, Q3 2018 earnings at $1.23 EPS and FY2018 earnings at $6.20 EPS.

Several other equities research analysts also recently weighed in on MX. Scotiabank reissued a “sector perform” rating and issued a C$51.00 target price on shares of Methanex in a research report on Tuesday, February 28th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Methanex in a research report on Tuesday, March 28th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$55.10.

Earnings History and Estimates for Methanex (TSE:MX)

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Methanex (MX) opened at 54.48 on Thursday. Methanex has a 1-year low of $35.01 and a 1-year high of $69.88. The firm has a 50-day moving average of $57.25 and a 200 day moving average of $61.22. The firm has a market cap of $4.81 billion and a P/E ratio of 34.37.

In other news, Director Paul Hexter sold 2,000 shares of Methanex stock in a transaction dated Friday, June 9th. The shares were sold at an average price of C$55.75, for a total value of C$111,500.00. Also, Director Douglas James Arnell purchased 500 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was acquired at an average cost of C$58.24 per share, with a total value of C$29,120.00. Insiders bought a total of 2,030 shares of company stock valued at $96,218 over the last ninety days.

About Methanex

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.

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