FY2027 Earnings Estimate for Methanex Issued By Scotiabank

Methanex Corporation (NASDAQ:MEOH) (TSE:MX) – Stock analysts at Scotiabank boosted their FY2027 earnings per share (EPS) estimates for shares of Methanex in a note issued to investors on Wednesday, May 6th. Scotiabank analyst B. Isaacson now anticipates that the specialty chemicals company will post earnings per share of $5.80 for the year, up from their prior estimate of $5.44. Scotiabank has a “Outperform” rating and a $80.00 price objective on the stock. The consensus estimate for Methanex’s current full-year earnings is $5.73 per share.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its quarterly earnings results on Wednesday, April 29th. The specialty chemicals company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). Methanex had a positive return on equity of 2.96% and a negative net margin of 1.25%.The business had revenue of $957.42 million for the quarter, compared to analyst estimates of $964.76 million. During the same quarter in the previous year, the business posted $1.30 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis.

Several other analysts also recently commented on MEOH. UBS Group raised their target price on Methanex from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Royal Bank Of Canada raised their target price on Methanex from $65.00 to $70.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Zacks Research upgraded Methanex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Jefferies Financial Group raised their target price on Methanex from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, Raymond James Financial raised their target price on Methanex from $52.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Methanex has an average rating of “Moderate Buy” and an average price target of $64.90.

Methanex Stock Performance

Shares of Methanex stock opened at $62.37 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.98. The business has a 50-day moving average price of $57.07 and a two-hundred day moving average price of $46.83. The company has a market cap of $4.83 billion, a P/E ratio of -127.29 and a beta of 0.60. Methanex has a 1-year low of $31.57 and a 1-year high of $66.75.

Methanex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.74 annualized dividend and a dividend yield of 1.2%. Methanex’s dividend payout ratio (DPR) is currently -151.02%.

Hedge Funds Weigh In On Methanex

Hedge funds have recently modified their holdings of the company. Aviance Capital Partners LLC bought a new stake in shares of Methanex in the 1st quarter worth approximately $649,000. AMG National Trust Bank raised its holdings in Methanex by 4.8% during the 1st quarter. AMG National Trust Bank now owns 8,127 shares of the specialty chemicals company’s stock valued at $484,000 after acquiring an additional 374 shares during the period. Fifth Third Bancorp raised its holdings in Methanex by 1,087.3% during the 1st quarter. Fifth Third Bancorp now owns 3,823 shares of the specialty chemicals company’s stock valued at $228,000 after acquiring an additional 3,501 shares during the period. Burney Co. raised its holdings in Methanex by 30.4% during the 1st quarter. Burney Co. now owns 24,370 shares of the specialty chemicals company’s stock valued at $1,451,000 after acquiring an additional 5,675 shares during the period. Finally, Pictet Asset Management Holding SA grew its position in shares of Methanex by 19.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 11,038 shares of the specialty chemicals company’s stock valued at $656,000 after purchasing an additional 1,760 shares in the last quarter. 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).