Scotiabank Has Bullish Estimate for Methanex FY2025 Earnings

Methanex Co. (NASDAQ:MEOH) (TSE:MX) – Analysts at Scotiabank upped their FY2025 earnings per share estimates for shares of Methanex in a research report issued 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 forecast 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.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its earnings results on Wednesday, January 29th. The specialty chemicals company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.30. Methanex had a net margin of 4.41% and a return on equity of 10.97%.

Several other research firms have also commented on MEOH. Barclays increased their target price on Methanex from $54.00 to $57.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Raymond James raised 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. CIBC reaffirmed an “outperform” rating on shares of Methanex in a report on Monday, February 3rd. UBS Group increased their price target on shares of Methanex from $53.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Cibc World Mkts upgraded shares of Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Three 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.63.

Methanex Trading Down 1.6 %

Shares of NASDAQ:MEOH opened at $36.87 on Monday. The company has a market cap of $2.48 billion, a PE ratio of 15.96 and a beta of 1.38. The company’s 50 day moving average is $45.08 and its two-hundred day moving average is $44.26. Methanex has a 52 week low of $35.67 and a 52 week high of $56.43. The company has a current ratio of 2.62, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MEOH. Charles Schwab Investment Management Inc. boosted its stake in shares of Methanex by 4.5% during 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 third quarter. Cerity Partners LLC now owns 17,844 shares of the specialty chemicals company’s stock valued at $738,000 after purchasing an additional 2,863 shares during the period. Bank of Hawaii raised its stake in shares of Methanex by 4.2% during the third quarter. Bank of Hawaii now owns 11,470 shares of the specialty chemicals company’s stock worth $474,000 after purchasing an additional 465 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Methanex by 25.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,414 shares of the specialty chemicals company’s stock worth $762,000 after purchasing an additional 3,750 shares during the period. Finally, Verition Fund Management LLC purchased a new position in Methanex in the 3rd quarter valued at $499,000. 73.49% of the stock is owned by hedge funds and other institutional investors.

Methanex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Monday, March 17th. Methanex’s dividend payout ratio is currently 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.