FY2024 EPS Estimates for Methanex Raised by Zacks Research

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Analysts at Zacks Research increased their FY2024 EPS estimates for shares of Methanex in a research report issued on Monday, November 25th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $4.22 for the year, up from their previous forecast of $2.91. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share. Zacks Research also issued estimates for Methanex’s Q2 2025 earnings at $0.45 EPS, Q3 2025 earnings at $0.92 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $4.88 EPS, Q1 2026 earnings at $0.75 EPS, Q2 2026 earnings at $2.15 EPS, Q3 2026 earnings at $1.94 EPS and FY2026 earnings at $6.41 EPS.

A number of other equities research analysts have also recently commented on MX. Tudor Pickering raised shares of Methanex to a “strong-buy” rating in a research report on Wednesday, September 11th. Piper Sandler raised Methanex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Finally, Barclays cut Methanex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 10th.

Methanex Stock Up 0.3 %

Shares of TSE MX opened at C$65.44 on Thursday. Methanex has a 12-month low of C$49.21 and a 12-month high of C$74.25. The stock’s fifty day simple moving average is C$57.98 and its two-hundred day simple moving average is C$62.58. The stock 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. The company has a current ratio of 1.25, a quick ratio of 1.59 and a debt-to-equity ratio of 131.58.

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

Insider Activity

In other Methanex news, Director Leslie O’donoghue purchased 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average price 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 company’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average cost of C$50.69 per share, for a total transaction of C$25,347.00. Insiders have acquired 4,953 shares of company stock valued at $262,064 in the last ninety days. Insiders own 0.35% 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.