What is Scotiabank’s Forecast for Methanex FY2026 Earnings?

Methanex Corporation (NASDAQ:MEOH) (TSE:MX) – Stock analysts at Scotiabank dropped their FY2026 earnings per share estimates for Methanex in a research report issued on Thursday, March 12th. Scotiabank analyst B. Isaacson now anticipates that the specialty chemicals company will post earnings per share of $3.68 for the year, down from their previous forecast of $4.48. Scotiabank 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.

A number of other research analysts have also recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Methanex in a research note on Monday, December 29th. Canadian Imperial Bank of Commerce cut Methanex from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $46.00 to $52.00 in a report on Friday, February 6th. Jefferies Financial Group raised their target price on Methanex from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Raymond James Financial increased their price objective on Methanex from $45.00 to $50.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 10th. Finally, Royal Bank Of Canada lifted their price objective on Methanex from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.90.

Methanex Price Performance

Shares of Methanex stock opened at $51.75 on Monday. The firm has a market cap of $4.00 billion, a P/E ratio of 45.80 and a beta of 0.65. The firm’s 50-day simple moving average is $48.78 and its 200-day simple moving average is $41.52. Methanex has a twelve month low of $25.46 and a twelve month high of $59.09. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 2.06.

Methanex (NASDAQ:MEOH) (TSE:MX) last announced its quarterly earnings results on Thursday, March 5th. The specialty chemicals company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.95). Methanex had a net margin of 2.21% and a return on equity of 5.35%. The business had revenue of $968.81 million during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm earned $1.24 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year.

Institutional Investors Weigh In On Methanex

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Methanex by 14.0% in the 4th quarter. Vanguard Group Inc. now owns 2,746,051 shares of the specialty chemicals company’s stock valued at $108,917,000 after purchasing an additional 336,316 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Methanex by 629.5% during the fourth quarter. Wellington Management Group LLP now owns 2,316,270 shares of the specialty chemicals company’s stock worth $92,000,000 after purchasing an additional 1,998,763 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. increased its stake in shares of Methanex by 0.4% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 2,048,214 shares of the specialty chemicals company’s stock valued at $81,363,000 after buying an additional 7,707 shares in the last quarter. FIL Ltd increased its stake in shares of Methanex by 40.3% in the fourth quarter. FIL Ltd now owns 1,803,108 shares of the specialty chemicals company’s stock valued at $71,520,000 after buying an additional 518,173 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Methanex by 28.1% in the second quarter. Mackenzie Financial Corp now owns 1,568,264 shares of the specialty chemicals company’s stock valued at $51,960,000 after buying an additional 343,876 shares during the last quarter. 73.49% of the stock is owned by institutional investors and hedge funds.

Methanex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 17th. Methanex’s payout ratio is presently 65.49%.

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).