What is Scotiabank’s Estimate for Methanex FY2025 Earnings?

Methanex Corporation (NASDAQ:MEOH) (TSE:MX) – Equities research analysts at Scotiabank decreased their FY2025 EPS estimates for shares of Methanex in a research note issued on Friday, January 23rd. Scotiabank analyst B. Isaacson now anticipates that the specialty chemicals company will earn $3.08 per share for the year, down from their previous forecast of $3.21. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Methanex’s current full-year earnings is $4.32 per share.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its quarterly earnings results on Wednesday, October 29th. The specialty chemicals company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.45). Methanex had a net margin of 5.97% and a return on equity of 9.07%. The business had revenue of $924.87 million during the quarter, compared to analysts’ expectations of $977.82 million. During the same period in the prior year, the business earned $1.21 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis.

Several other equities research analysts also recently weighed in on the company. CIBC restated an “outperform” rating on shares of Methanex in a report on Monday, November 17th. Royal Bank Of Canada set a $50.00 target price on shares of Methanex and gave the stock an “outperform” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Methanex in a report on Monday, December 29th. Raymond James Financial cut shares of Methanex from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. raised shares of Methanex from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $33.00 to $38.00 in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Methanex has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Methanex Stock Up 2.1%

Shares of NASDAQ MEOH opened at $49.03 on Monday. The stock has a market cap of $3.79 billion, a P/E ratio of 16.62 and a beta of 0.73. The business’s fifty day simple moving average is $40.44 and its 200-day simple moving average is $37.58. Methanex has a 12-month low of $25.46 and a 12-month high of $54.49. The company has a current ratio of 2.09, a quick ratio of 1.33 and a debt-to-equity ratio of 0.97.

Methanex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, December 17th. Methanex’s dividend payout ratio is currently 25.08%.

Institutional Trading of Methanex

Several institutional investors have recently modified their holdings of MEOH. CWM LLC purchased a new position in shares of Methanex in the 2nd quarter valued at $33,000. Parkside Financial Bank & Trust lifted its position in Methanex by 1,244.4% in the third quarter. Parkside Financial Bank & Trust now owns 1,331 shares of the specialty chemicals company’s stock valued at $53,000 after acquiring an additional 1,232 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Methanex in the second quarter valued at $50,000. PNC Financial Services Group Inc. grew its holdings in shares of Methanex by 131.5% during the third quarter. PNC Financial Services Group Inc. now owns 2,482 shares of the specialty chemicals company’s stock worth $99,000 after purchasing an additional 1,410 shares during the last quarter. Finally, AXA S.A. purchased a new position in shares of Methanex during the second quarter worth about $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).