What is Zacks Research’s Forecast for Methanex Q4 Earnings?

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Zacks Research boosted their Q4 2024 earnings estimates for shares of Methanex in a research report issued to clients and investors on Monday, November 25th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $0.91 for the quarter, up from their previous forecast of $0.89. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share. Zacks Research also issued estimates for Methanex’s Q1 2025 earnings at $1.24 EPS.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its earnings results on Wednesday, November 6th. The company reported C$1.65 earnings per share for the quarter, beating the consensus estimate of C$0.60 by C$1.05. The company had revenue of C$1.28 billion for the quarter, compared to the consensus estimate of C$1.26 billion. Methanex had a return on equity of 10.21% and a net margin of 4.06%.

MX has been the topic of several other research reports. Tudor Pickering raised shares of Methanex to a “strong-buy” rating in a report on Wednesday, September 11th. Piper Sandler upgraded shares of Methanex from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Finally, Barclays lowered Methanex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 10th.

Methanex Trading Up 0.2 %

Shares of TSE:MX opened at C$65.27 on Wednesday. The stock has a 50 day moving average of C$57.74 and a 200 day moving average of C$62.60. The company has a market cap of C$4.40 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79. Methanex has a 12-month low of C$49.21 and a 12-month high of C$74.25. The company has a current ratio of 1.25, a quick ratio of 1.59 and a debt-to-equity ratio of 131.58.

Insider Buying and Selling at Methanex

In other news, Senior Officer Kevin Price purchased 500 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of C$50.69 per share, for a total transaction of C$25,347.00. Also, Director Leslie O’donoghue acquired 2,500 shares of Methanex stock in a transaction on Tuesday, September 24th. The stock was purchased at an average cost of C$54.75 per share, for a total transaction of C$136,876.00. Insiders purchased a total of 4,953 shares of company stock valued at $262,064 in the last three months. 0.35% of the stock is currently owned by corporate insiders.

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.