What is Scotiabank’s Forecast for Methanex FY2025 Earnings?

Methanex Co. (NASDAQ:MEOH) (TSE:MX) – Scotiabank upped their FY2025 earnings estimates for shares of Methanex in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst B. Isaacson now expects that the specialty chemicals company will earn $3.38 per share for the year, up from their prior forecast of $3.18. The consensus estimate for Methanex’s current full-year earnings is $3.11 per share. Scotiabank also issued estimates for Methanex’s FY2026 earnings at $3.15 EPS.

MEOH has been the topic of a number of other research reports. CIBC reaffirmed an “outperformer” rating and set a $59.00 target price (up previously from $48.00) on shares of Methanex in a report on Tuesday, December 10th. Barclays raised their price objective on Methanex from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group decreased their price target on shares of Methanex from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com upgraded shares of Methanex from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $55.00 target price on shares of Methanex in a research note on Monday. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Methanex has an average rating of “Moderate Buy” and an average price target of $57.25.

Methanex Stock Performance

Shares of MEOH stock opened at $48.45 on Thursday. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 22.64 and a beta of 1.37. Methanex has a one year low of $36.13 and a one year high of $56.43. The company’s 50-day simple moving average is $46.01 and its 200-day simple moving average is $44.84. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.01 and a current ratio of 1.34.

Hedge Funds Weigh In On Methanex

Several large investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its holdings in Methanex by 16.3% during the second quarter. Bank of Montreal Can now owns 1,136,436 shares of the specialty chemicals company’s stock worth $55,406,000 after purchasing an additional 159,542 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Methanex by 1,495.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 138,827 shares of the specialty chemicals company’s stock worth $5,739,000 after buying an additional 130,127 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Methanex in the second quarter valued at $5,971,000. Dixon Mitchell Investment Counsel Inc. boosted its stake in Methanex by 9.9% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,182,168 shares of the specialty chemicals company’s stock valued at $49,022,000 after buying an additional 106,848 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Methanex by 13.0% during the second quarter. Millennium Management LLC now owns 508,730 shares of the specialty chemicals company’s stock valued at $24,551,000 after buying an additional 58,719 shares in the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.

Methanex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.185 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.74 annualized dividend and a dividend yield of 1.53%. Methanex’s payout ratio is 34.58%.

Methanex Company Profile

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.