FY2025 Earnings Forecast for Methanex Issued By Scotiabank

Methanex Co. (NASDAQ:MEOH) (TSE:MX) – Research analysts at Scotiabank raised their FY2025 earnings per share estimates for Methanex in a note issued to investors on Wednesday, March 19th. Scotiabank analyst B. Isaacson now expects that the specialty chemicals company will earn $3.85 per share for the year, up from their previous estimate of $3.38. Scotiabank has a “Sector Perform” rating and a $53.00 price objective on the stock. The consensus estimate for Methanex’s current full-year earnings is $4.32 per share. Scotiabank also issued estimates for Methanex’s FY2026 earnings at $3.77 EPS.

Several other research firms have also commented on MEOH. Cibc World Mkts upgraded shares of Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. CIBC restated an “outperform” rating on shares of Methanex in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $55.00 price target on shares of Methanex in a research report on Friday, January 31st. Barclays upped their price target on Methanex from $54.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Finally, Raymond James lifted their target price on Methanex from $54.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.63.

Methanex Stock Down 1.6 %

Methanex stock opened at $36.87 on Monday. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 15.96 and a beta of 1.38. Methanex has a fifty-two week low of $35.67 and a fifty-two week high of $56.43. The stock’s fifty day moving average is $45.08 and its two-hundred day moving average is $44.26. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.62.

Methanex (NASDAQ:MEOH) (TSE:MX) last released its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.30. Methanex had a net margin of 4.41% and a return on equity of 10.97%.

Institutional Trading of Methanex

Several hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in Methanex by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 205,102 shares of the specialty chemicals company’s stock worth $8,483,000 after buying an additional 8,850 shares during the period. Cerity Partners LLC increased its holdings in shares of Methanex by 19.1% in the 3rd quarter. Cerity Partners LLC now owns 17,844 shares of the specialty chemicals company’s stock worth $738,000 after acquiring an additional 2,863 shares during the period. Bank of Hawaii lifted its position in Methanex by 4.2% in the 3rd quarter. Bank of Hawaii now owns 11,470 shares of the specialty chemicals company’s stock valued at $474,000 after purchasing an additional 465 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Methanex by 25.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,414 shares of the specialty chemicals company’s stock valued at $762,000 after purchasing an additional 3,750 shares during the period. Finally, Verition Fund Management LLC bought a new position in Methanex in the 3rd quarter worth about $499,000. Institutional investors own 73.49% of the company’s stock.

Methanex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Monday, March 17th. Methanex’s dividend payout ratio (DPR) is presently 32.03%.

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.