Zacks Research Predicts Stronger Earnings for Methanex

Methanex Co. (NASDAQ:MEOH) (TSE:MX) – Equities researchers at Zacks Research raised their FY2024 earnings estimates for Methanex in a report released on Monday, November 25th. Zacks Research analyst R. Department now expects that the specialty chemicals company will post earnings per share of $3.03 for the year, up from their previous forecast of $2.10. The consensus estimate for Methanex’s current full-year earnings is $2.93 per share. Zacks Research also issued estimates for Methanex’s Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.66 EPS, Q4 2025 earnings at $1.63 EPS, FY2025 earnings at $3.50 EPS, Q1 2026 earnings at $0.54 EPS, Q2 2026 earnings at $1.54 EPS, Q3 2026 earnings at $1.39 EPS and FY2026 earnings at $4.60 EPS.

A number of other equities analysts have also commented on MEOH. Raymond James cut their price objective on shares of Methanex from $62.00 to $54.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. UBS Group reduced their price target on 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 Methanex from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Barclays upped their target price on Methanex from $44.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $55.00 price target on shares of Methanex in a research report on Tuesday, September 3rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.88.

Methanex Price Performance

Shares of MEOH stock opened at $46.52 on Thursday. The firm has a fifty day simple moving average of $42.07 and a 200-day simple moving average of $45.58. The company has a market capitalization of $3.13 billion, a PE ratio of 21.74 and a beta of 1.36. Methanex has a twelve month low of $36.13 and a twelve month high of $56.43. The company has a current ratio of 1.34, a quick ratio of 1.01 and a debt-to-equity ratio of 0.79.

Hedge Funds Weigh In On Methanex

Several large investors have recently added to or reduced their stakes in MEOH. Wilmington Savings Fund Society FSB acquired a new stake in shares of Methanex during the third quarter worth $40,000. Blue Trust Inc. grew its position in shares of Methanex by 52,500.0% during the 2nd quarter. Blue Trust Inc. now owns 1,578 shares of the specialty chemicals company’s stock valued at $70,000 after buying an additional 1,575 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Methanex by 572.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the specialty chemicals company’s stock worth $93,000 after acquiring an additional 1,626 shares during the period. Squarepoint Ops LLC bought a new position in Methanex in the second quarter worth about $201,000. Finally, Value Partners Investments Inc. boosted its stake in Methanex by 10.4% in the third quarter. Value Partners Investments Inc. now owns 5,642 shares of the specialty chemicals company’s stock valued at $233,000 after acquiring an additional 532 shares during the period. 73.49% of the stock is currently owned by institutional investors.

Methanex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.185 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.59%. Methanex’s dividend payout ratio (DPR) is 34.58%.

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.