FY2026 Earnings Forecast for Methanex Issued By Scotiabank

Methanex Corporation (NASDAQ:MEOH) (TSE:MX) – Equities researchers at Scotiabank reduced their FY2026 EPS estimates for shares of Methanex in a research report issued on Thursday, October 1st. Scotiabank analyst B. Isaacson now anticipates that the specialty chemicals company will post earnings per share of $7.43 for the year, down from their prior forecast of $8.01. The consensus estimate for Methanex’s current full-year earnings is $8.45 per share. Scotiabank also issued estimates for Methanex’s FY2027 earnings at $4.97 EPS.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.13). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Methanex had a net margin of 2.07% and a return on equity of 11.35%. The company’s revenue for the quarter was up 75.0% on a year-over-year basis. During the same quarter last year, the company earned $0.97 earnings per share.

MEOH has been the topic of several other research reports. Wall Street Zen upgraded Methanex from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 3rd. Zacks Research lowered shares of Methanex from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Weiss Ratings upgraded shares of Methanex from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 29th. UBS Group increased their target price on shares of Methanex from $71.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, October 5th. Finally, National Bank Financial set a $70.00 target price on shares of Methanex and gave the company an “outperform” rating in a research note on Monday, July 13th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Methanex presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.89.

Methanex Price Performance

Shares of Methanex stock opened at $61.61 on Monday. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 59.82 and a beta of 0.71. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.35 and a current ratio of 2.07. The stock has a 50 day moving average price of $58.77 and a 200-day moving average price of $57.65. Methanex has a one year low of $32.00 and a one year high of $66.75.

Methanex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were issued a $0.1850 dividend. This represents a $0.74 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, September 16th. Methanex’s dividend payout ratio is currently 71.84%.

Hedge Funds Weigh In On Methanex

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. raised its holdings 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 acquiring an additional 7,707 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Methanex by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,127,046 shares of the specialty chemicals company’s stock worth $67,116,000 after acquiring an additional 50,681 shares in the last quarter. Bank of America Corp DE bought a new position in Methanex during the 2nd quarter worth about $56,683,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Methanex during the 2nd quarter worth about $53,605,000. Finally, Alberta Investment Management Corp grew its holdings in Methanex by 12.0% during the 4th quarter. Alberta Investment Management Corp now owns 1,111,000 shares of the specialty chemicals company’s stock worth $44,129,000 after acquiring an additional 119,000 shares in the last quarter. Institutional investors own 73.49% of the company’s stock.

Methanex Company Profile

Methanex Corporation (NASDAQ:MEOH) is a global producer and supplier of methanol, a basic chemical used in the manufacture of formaldehyde, acetic acid, plastics, paints, adhesives, solvents and other products. Methanol is also used in fuel applications, including as a blending component and as a feedstock for the production of other fuels and chemicals.

Founded in 1992 and headquartered in Vancouver, British Columbia, Methanex operates an international production and distribution network.