Equities Analysts Offer Predictions for Methanex Q4 Earnings

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Stock analysts at Zacks Research lifted their Q4 2024 earnings per share (EPS) estimates for shares of Methanex in a research note issued to investors on Monday, November 25th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $0.91 for the quarter, up from their prior estimate of $0.89. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share. Zacks Research also issued estimates for Methanex’s Q1 2025 earnings at $1.24 EPS.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.60 by C$1.05. The business had revenue of C$1.28 billion for the quarter, compared to analysts’ expectations of C$1.26 billion. Methanex had a return on equity of 10.21% and a net margin of 4.06%.

Several other brokerages have also weighed in on MX. Tudor Pickering upgraded shares of Methanex to a “strong-buy” rating in a report on Wednesday, September 11th. Piper Sandler upgraded Methanex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Finally, Barclays downgraded Methanex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th.

Methanex Stock Up 0.3 %

Shares of TSE MX opened at C$65.44 on Wednesday. Methanex has a 1 year low of C$49.21 and a 1 year high of C$74.25. The firm’s 50-day moving average is C$57.98 and its 200-day moving average is C$62.58. The company has a current ratio of 1.25, a quick ratio of 1.59 and a debt-to-equity ratio of 131.58. The firm has a market capitalization of C$4.41 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79.

Insider Buying and Selling

In other Methanex news, Director Leslie O’donoghue purchased 2,500 shares of the stock in a transaction on Tuesday, September 24th. The stock was bought at an average cost of C$54.75 per share, for a total transaction of C$136,876.00. Also, Senior Officer Kevin Price acquired 500 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were acquired at an average price of C$50.69 per share, for a total transaction of C$25,347.00. Insiders have bought 4,953 shares of company stock valued at $262,064 in the last 90 days. 0.35% of the stock is owned by insiders.

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.