FY2026 Earnings Estimate for Methanex Issued By Scotiabank
by Renee Jackson · The Cerbat GemMethanex Corporation (NASDAQ:MEOH – Free Report) (TSE:MX) – Research analysts at Scotiabank lowered their FY2026 earnings per share estimates for shares of Methanex in a note issued to investors on Thursday, March 12th. Scotiabank analyst B. Isaacson now expects that the specialty chemicals company will earn $3.68 per share for the year, down from their previous estimate of $4.48. Scotiabank currently has a “Outperform” rating 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 FY2027 earnings at $3.84 EPS.
Several other equities research analysts have also commented on MEOH. Weiss Ratings restated a “hold (c)” rating on shares of Methanex in a report on Monday, December 29th. Royal Bank Of Canada lifted their price objective on shares of Methanex from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Jefferies Financial Group boosted their price objective on shares of Methanex from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Raymond James Financial upped their target price on Methanex from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Tuesday, March 10th. Finally, Canadian Imperial Bank of Commerce cut Methanex from an “outperform” rating to a “neutral” rating and increased their target price for the company from $46.00 to $52.00 in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Methanex currently has an average rating of “Moderate Buy” and an average price target of $49.90.
Check Out Our Latest Analysis on MEOH
Methanex Stock Down 2.4%
Shares of Methanex stock opened at $50.50 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.06 and a quick ratio of 1.37. Methanex has a 1 year low of $25.46 and a 1 year high of $59.09. The firm’s 50-day moving average is $48.93 and its two-hundred day moving average is $41.62. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 44.69 and a beta of 0.65.
Methanex (NASDAQ:MEOH – Get Free Report) (TSE:MX) last announced its quarterly earnings results on Thursday, March 5th. The specialty chemicals company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.81 by ($0.95). The firm had revenue of $968.81 million for the quarter, compared to analysts’ expectations of $1.03 billion. Methanex had a net margin of 2.21% and a return on equity of 5.35%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 EPS.
Methanex Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $0.185 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $0.74 dividend on an annualized basis and a yield of 1.5%. Methanex’s dividend payout ratio (DPR) is 65.49%.
Institutional Investors Weigh In On Methanex
Large investors have recently modified their holdings of the business. NewEdge Advisors LLC purchased a new position in shares of Methanex in the 2nd quarter valued at approximately $50,000. Parkside Financial Bank & Trust boosted its stake in Methanex by 1,244.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,331 shares of the specialty chemicals company’s stock worth $53,000 after purchasing an additional 1,232 shares in the last quarter. Clearstead Advisors LLC grew its position in Methanex by 336.2% during the 4th quarter. Clearstead Advisors LLC now owns 1,784 shares of the specialty chemicals company’s stock worth $71,000 after purchasing an additional 1,375 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Methanex by 131.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,482 shares of the specialty chemicals company’s stock valued at $99,000 after purchasing an additional 1,410 shares in the last quarter. Finally, AXA S.A. acquired a new position in Methanex during the 2nd quarter valued at approximately $166,000. Hedge funds and other institutional investors own 73.49% of the company’s stock.
About Methanex
Methanex Corporation is a Vancouver, Canada–based company and one of the world’s largest producers and suppliers of methanol. The company manufactures methanol, a key feedstock for a wide range of chemical products and industrial applications. Methanex markets its product to customers in energy, plastics, paints and coatings, and various chemical sectors, positioning the company as a critical link in the global supply chain for basic chemicals.
The company’s core product, methanol, serves as a building block for downstream chemicals such as formaldehyde, acetic acid and methyl tertiary butyl ether (MTBE).