Raymond James Weighs in on Methanex’s Q4 Earnings (TSE:MX)

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities researchers at Raymond James increased their Q4 2024 earnings per share estimates for shares of Methanex in a report released on Tuesday, January 14th. Raymond James analyst S. Hansen now forecasts that the company will earn $1.68 per share for the quarter, up from their prior estimate of $1.50. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share. Raymond James also issued estimates for Methanex’s Q1 2025 earnings at $2.25 EPS, Q2 2025 earnings at $1.34 EPS, Q4 2025 earnings at $2.66 EPS, FY2025 earnings at $7.69 EPS and FY2026 earnings at $8.81 EPS.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.65 EPS for the quarter, topping analysts’ consensus estimates of C$0.60 by C$1.05. Methanex had a return on equity of 10.21% and a net margin of 4.06%. The company had revenue of C$1.28 billion for the quarter, compared to analysts’ expectations of C$1.26 billion.

Separately, Cibc World Mkts upgraded Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

Methanex Stock Down 0.7 %

Shares of MX stock opened at C$71.32 on Friday. The stock has a market cap of C$4.81 billion, a P/E ratio of 24.51, a PEG ratio of 0.44 and a beta of 1.79. The company’s fifty day simple moving average is C$66.86 and its two-hundred day simple moving average is C$62.40. The company has a quick ratio of 1.59, a current ratio of 1.25 and a debt-to-equity ratio of 131.58. Methanex has a 52 week low of C$49.21 and a 52 week high of C$74.25.

Insider Transactions at Methanex

In related news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$65.39, for a total transaction of C$504,818.52. Insiders own 0.35% of the company’s stock.

About Methanex

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.