FY2025 Earnings Estimate for Methanex Issued By Scotiabank

Methanex Co. (NASDAQ:MEOH) (TSE:MX) – Equities researchers at Scotiabank boosted their FY2025 EPS estimates for shares of Methanex in a report released on Wednesday, January 8th. Scotiabank analyst B. Isaacson now forecasts that the specialty chemicals company will post earnings per share of $3.38 for the year, up from their previous estimate of $3.18. The consensus estimate for Methanex’s current full-year earnings is $3.11 per share. Scotiabank also issued estimates for Methanex’s FY2026 earnings at $3.15 EPS.

Several other equities analysts also recently weighed in on the company. StockNews.com raised Methanex from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Raymond James cut their target price on shares of Methanex from $62.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. UBS Group decreased their price target on shares of Methanex from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Piper Sandler upped their price objective on Methanex from $68.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $55.00 target price on shares of Methanex in a report on Monday. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.25.

Methanex Trading Down 4.0 %

MEOH opened at $48.45 on Thursday. The business has a fifty day simple moving average of $45.83 and a 200-day simple moving average of $44.81. Methanex has a 52 week low of $36.13 and a 52 week high of $56.43. The company has a quick ratio of 1.01, a current ratio of 1.34 and a debt-to-equity ratio of 0.79. The firm has a market cap of $3.26 billion, a P/E ratio of 22.64 and a beta of 1.37.

Institutional Trading of Methanex

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Truist Financial Corp boosted its position in shares of Methanex by 5.0% in the 2nd quarter. Truist Financial Corp now owns 6,219 shares of the specialty chemicals company’s stock valued at $300,000 after purchasing an additional 294 shares during the period. Bank of Hawaii boosted its holdings in shares of Methanex by 4.2% in the third quarter. Bank of Hawaii now owns 11,470 shares of the specialty chemicals company’s stock valued at $474,000 after acquiring an additional 465 shares during the period. Value Partners Investments Inc. grew its position in shares of Methanex by 10.4% during the third quarter. Value Partners Investments Inc. now owns 5,642 shares of the specialty chemicals company’s stock worth $233,000 after acquiring an additional 532 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Methanex by 3.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 21,701 shares of the specialty chemicals company’s stock valued at $897,000 after acquiring an additional 707 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Methanex by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 55,978 shares of the specialty chemicals company’s stock valued at $2,699,000 after purchasing an additional 887 shares during the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.

Methanex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a $0.185 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.53%. Methanex’s payout ratio is currently 34.58%.

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.