Scotiabank Has Negative Outlook of Methanex FY2025 Earnings

Methanex Corporation (NASDAQ:MEOH) (TSE:MX) – 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 expects that the specialty chemicals company will post earnings of $3.08 per share for the year, down from their prior 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.

A number of other brokerages also recently commented on MEOH. Royal Bank Of Canada set a $50.00 price target on shares of Methanex and gave the company an “outperform” rating in a report on Monday, January 5th. Raymond James Financial downgraded Methanex from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. upgraded Methanex from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $33.00 to $38.00 in a report on Friday, October 31st. UBS Group boosted their target price on Methanex from $48.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, Zacks Research downgraded Methanex from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Methanex has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Methanex Stock Performance

NASDAQ:MEOH opened at $46.87 on Monday. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 15.89 and a beta of 0.73. Methanex has a 1 year low of $25.46 and a 1 year high of $54.49. The stock’s 50 day simple moving average is $40.91 and its two-hundred day simple moving average is $37.77. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.09 and a quick ratio of 1.33.

Methanex (NASDAQ:MEOH) (TSE:MX) last posted its earnings results on Wednesday, October 29th. The specialty chemicals company reported $0.06 earnings per share 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 company had revenue of $924.87 million for the quarter, compared to analysts’ expectations of $977.82 million. During the same period in the previous year, the business posted $1.21 earnings per share. The business’s revenue was down .9% on a year-over-year basis.

Methanex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were issued a $0.185 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.6%. Methanex’s dividend payout ratio (DPR) is currently 25.08%.

Hedge Funds Weigh In On Methanex

Several institutional investors and hedge funds have recently added to or reduced their stakes in MEOH. TD Waterhouse Canada Inc. increased its stake in Methanex by 41.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 10,788 shares of the specialty chemicals company’s stock worth $428,000 after purchasing an additional 3,182 shares during the period. Ritholtz Wealth Management purchased a new stake in Methanex in the fourth quarter valued at approximately $375,000. Value Partners Investments Inc. increased its position in Methanex by 4.9% in the 4th quarter. Value Partners Investments Inc. now owns 20,815 shares of the specialty chemicals company’s stock valued at $827,000 after acquiring an additional 973 shares during the period. CWA Asset Management Group LLC raised its holdings in Methanex by 5.2% during the fourth quarter. CWA Asset Management Group LLC now owns 29,935 shares of the specialty chemicals company’s stock worth $1,189,000 after purchasing an additional 1,482 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Methanex by 546.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 269,374 shares of the specialty chemicals company’s stock worth $10,710,000 after purchasing an additional 227,723 shares during the period. 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).