Scotiabank Issues Pessimistic Forecast for Methanex Earnings

Methanex Corporation (NASDAQ:MEOH) (TSE:MX) – Equities researchers at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for Methanex in a report released 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 estimate of $3.21. Scotiabank currently 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 announced its earnings results on Wednesday, October 29th. The specialty chemicals company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $977.82 million. During the same period in the previous year, the firm earned $1.21 earnings per share. The business’s revenue was down .9% compared to the same quarter last year.

A number of other equities research analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Methanex in a report on Monday, December 29th. Royal Bank Of Canada set a $50.00 price objective on Methanex and gave the company an “outperform” rating in a research note on Monday, January 5th. CIBC reaffirmed an “outperform” rating on shares of Methanex in a research report on Monday, November 17th. JPMorgan Chase & Co. upgraded Methanex from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $33.00 to $38.00 in a research note on Friday, October 31st. Finally, UBS Group upped their price target on Methanex from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Methanex presently has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Methanex Stock Up 2.1%

Shares of NASDAQ:MEOH opened at $49.03 on Monday. Methanex has a 1-year low of $25.46 and a 1-year high of $54.49. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.09 and a quick ratio of 1.33. The stock has a market cap of $3.79 billion, a P/E ratio of 16.62 and a beta of 0.73. The firm has a fifty day moving average price of $40.44 and a 200 day moving average price of $37.58.

Institutional Trading of Methanex

Several hedge funds have recently modified their holdings of MEOH. CWM LLC purchased a new stake in shares of Methanex in the second quarter valued at approximately $33,000. NewEdge Advisors LLC acquired a new stake in Methanex in the second quarter valued at $50,000. Parkside Financial Bank & Trust lifted its holdings 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 period. PNC Financial Services Group Inc. boosted its position in shares of 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 worth $99,000 after purchasing an additional 1,410 shares in the last quarter. Finally, AXA S.A. purchased a new stake in shares of Methanex during the 2nd quarter worth $166,000. 73.49% of the stock is owned by institutional investors and hedge funds.

Methanex Dividend Announcement

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

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).