Methanex Co. (TSE:MX - Free Report) NASDAQ: MEOH - Stock analysts at Zacks Research lifted their FY2024 earnings estimates for Methanex in a note issued to investors on Monday, November 25th. Zacks Research analyst R. Department now expects that the company will post earnings of $4.22 per share for the year, up from their prior forecast of $2.91. The consensus estimate for Methanex's current full-year earnings is $5.95 per share. Zacks Research also issued estimates for Methanex's Q2 2025 earnings at $0.45 EPS, Q3 2025 earnings at $0.92 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $4.88 EPS, Q1 2026 earnings at $0.75 EPS, Q2 2026 earnings at $2.15 EPS, Q3 2026 earnings at $1.94 EPS and FY2026 earnings at $6.41 EPS.
A number of other equities analysts have also weighed in on MX. Piper Sandler upgraded Methanex from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 7th. Tudor Pickering upgraded shares of Methanex to a "strong-buy" rating in a research report on Wednesday, September 11th. Finally, Barclays lowered shares of Methanex from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 10th.
Check Out Our Latest Report on Methanex
Methanex Price Performance
Shares of Methanex stock traded up C$0.17 on Thursday, reaching C$65.44. The stock had a trading volume of 26,698 shares, compared to its average volume of 108,719. The business's 50 day moving average is C$57.74 and its two-hundred day moving average is C$62.60. The company has a market cap of C$4.41 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79. Methanex has a 1 year low of C$49.21 and a 1 year 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.
Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH last issued its earnings results on Wednesday, November 6th. The company reported C$1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of C$1.28 billion for the quarter, compared to analysts' expectations of C$1.26 billion.
Insider Activity
In other Methanex news, Director Dean Richardson bought 1,500 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average price of C$50.52 per share, for a total transaction of C$75,780.00. Also, Director Leslie O'donoghue purchased 2,500 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The stock was bought at an average price of C$54.75 per share, for a total transaction of C$136,876.00. Over the last 90 days, insiders purchased 4,953 shares of company stock valued at $262,064. 0.35% of the stock is currently owned by company insiders.
About Methanex
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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.
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