FY2024 EPS Estimates for Methanex Raised by Raymond James

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities research analysts at Raymond James increased their FY2024 earnings per share (EPS) estimates for shares of Methanex in a report issued on Tuesday, January 14th. Raymond James analyst S. Hansen now anticipates that the company will earn $5.12 per share for the year, up from their previous forecast of $4.82. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share. Raymond James also issued estimates for Methanex’s Q3 2025 earnings at $1.44 EPS.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.60 by C$1.05. Methanex had a net margin of 4.06% and a return on equity of 10.21%. The company had revenue of C$1.28 billion during the quarter, compared to the consensus estimate 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 Trading Down 0.2 %

MX opened at C$71.84 on Thursday. The company has a debt-to-equity ratio of 131.58, a current ratio of 1.25 and a quick ratio of 1.59. Methanex has a fifty-two week low of C$49.21 and a fifty-two week high of C$74.25. The company’s 50 day moving average price is C$66.59 and its two-hundred day moving average price is C$62.36. The firm has a market capitalization of C$4.84 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 0.44 and a beta of 1.79.

Insider Activity

In related news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of the company’s stock in a transaction that occurred 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. 0.35% of the stock is currently owned by company insiders.

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.