Scotiabank Weighs in on Methanex’s FY2027 Earnings (TSE:MX)

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Stock analysts at Scotiabank raised their FY2027 earnings estimates for shares of Methanex in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst B. Isaacson now expects that the company will earn $8.16 per share for the year, up from their prior forecast of $7.90. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$0.42 earnings per share (EPS) for the quarter. Methanex had a negative net margin of 1.26% and a negative return on equity of 1.84%. The company had revenue of C$1.35 billion during the quarter.

MX has been the subject of a number of other reports. Royal Bank Of Canada cut Methanex from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 1st. National Bank Financial raised Methanex to a “strong-buy” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Methanex has an average rating of “Moderate Buy” and an average target price of C$60.00.

Methanex Stock Up 2.7%

MX opened at C$76.73 on Friday. The business’s fifty day simple moving average is C$77.53 and its 200 day simple moving average is C$74.01. Methanex has a 52 week low of C$44.57 and a 52 week high of C$92.97. The company has a quick ratio of 1.59, a current ratio of 1.96 and a debt-to-equity ratio of 143.44. The stock has a market cap of C$5.94 billion, a PE ratio of -105.11, a P/E/G ratio of 0.44 and a beta of 0.63.

Insider Activity at Methanex

In related news, insider Kyung Wan (Fred) Lee sold 7,975 shares of Methanex stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$88.02, for a total value of C$701,959.50. Following the transaction, the insider owned 5,025 shares in the company, valued at C$442,300.50. This trade represents a 61.35% decrease in their position. Also, insider Sunil Jagwani purchased 43,000 shares of the stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of C$82.62 per share, with a total value of C$3,552,660.00. Following the completion of the purchase, the insider directly owned 2,571,000 shares of the company’s stock, valued at C$212,416,020. The trade was a 1.70% increase in their ownership of the stock. In the last 90 days, insiders have acquired 278,000 shares of company stock valued at $23,636,345 and have sold 13,475 shares valued at $1,175,470. 0.35% of the stock is owned by insiders.

About Methanex

Methanex Corp manufactures and sells methanol. Methanex’s customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.