What is Scotiabank’s Forecast for Methanex FY2025 Earnings?

Methanex Co. (NASDAQ:MEOH) (TSE:MX) – Equities research analysts at Scotiabank lifted their FY2025 earnings per share estimates for Methanex in a research report issued on Wednesday, March 19th. Scotiabank analyst B. Isaacson now expects that the specialty chemicals company will post earnings per share of $3.85 for the year, up from their prior estimate of $3.38. Scotiabank currently has a “Sector Perform” rating and a $53.00 price target 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.

Methanex (NASDAQ:MEOH) (TSE:MX) last posted its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $1.24 earnings per share (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%.

Several other brokerages have also weighed in on MEOH. Barclays lifted their price objective on Methanex from $54.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Raymond James lifted their price objective on shares of Methanex from $54.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Cibc World Mkts raised Methanex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. UBS Group boosted their price objective on Methanex from $53.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, CIBC restated an “outperform” rating on shares of Methanex in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.63.

Methanex Price Performance

Methanex stock opened at $37.48 on Monday. The business’s 50 day simple moving average is $45.34 and its 200 day simple moving average is $44.30. Methanex has a 12 month low of $35.67 and a 12 month high of $56.43. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 16.23 and a beta of 1.38. The company has a current ratio of 2.62, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01.

Methanex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Monday, March 17th. Methanex’s dividend payout ratio is currently 32.03%.

Hedge Funds Weigh In On Methanex

Institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of Methanex in the third quarter worth about $40,000. Parkside Financial Bank & Trust grew its holdings in shares of Methanex by 39.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,015 shares of the specialty chemicals company’s stock worth $101,000 after purchasing an additional 573 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Methanex in the fourth quarter worth approximately $106,000. State of Wyoming bought a new stake in Methanex during the 4th quarter valued at $129,000. Finally, Blue Trust Inc. boosted its position in Methanex by 15.0% during the 4th quarter. Blue Trust Inc. now owns 2,845 shares of the specialty chemicals company’s stock valued at $142,000 after buying an additional 371 shares during the period. Institutional investors own 73.49% of the company’s stock.

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.