FY2025 EPS Estimates for Methanex Lowered by Raymond James

Methanex Co. (NASDAQ:MEOH - Free Report) TSE: MX - Equities researchers at Raymond James reduced their FY2025 earnings per share (EPS) estimates for Methanex in a research note issued on Tuesday, October 22nd. Raymond James analyst S. Hansen now anticipates that the specialty chemicals company will post earnings of $4.58 per share for the year, down from their prior estimate of $4.88. Raymond James has a "Outperform" rating and a $54.00 price objective on the stock. The consensus estimate for Methanex's current full-year earnings is $2.41 per share.

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last posted its quarterly earnings data on Tuesday, July 30th. The specialty chemicals company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.10. The company had revenue of $920.00 million for the quarter, compared to analyst estimates of $954.26 million. Methanex had a return on equity of 5.44% and a net margin of 4.05%. The business's revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share.

Other equities research analysts also recently issued research reports about the company. Scotiabank boosted their target price on Methanex from $58.00 to $60.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, July 10th. UBS Group dropped their target price on Methanex from $58.00 to $54.00 and set a "buy" rating for the company in a research report on Monday, September 16th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $55.00 price objective on shares of Methanex in a report on Tuesday, September 3rd. Piper Sandler upped their price objective on Methanex from $51.00 to $68.00 and gave the company an "overweight" rating in a report on Tuesday, September 10th. Finally, Barclays lowered Methanex from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $56.00 to $44.00 in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.38.

Methanex Price Performance

Methanex stock traded up $0.42 on Thursday, reaching $40.38. The company's stock had a trading volume of 228,273 shares, compared to its average volume of 299,180. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.87 and a current ratio of 1.25. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 17.11 and a beta of 1.35. The business's fifty day moving average price is $42.31 and its 200 day moving average price is $46.68. Methanex has a twelve month low of $36.13 and a twelve month high of $56.43.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Methanex by 56.8% during the third quarter. Blue Trust Inc. now owns 2,474 shares of the specialty chemicals company's stock worth $102,000 after buying an additional 896 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. grew its holdings in shares of Methanex by 9.9% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,182,168 shares of the specialty chemicals company's stock worth $49,022,000 after buying an additional 106,848 shares in the last quarter. Value Partners Investments Inc. grew its holdings in shares of Methanex by 10.4% during the third quarter. Value Partners Investments Inc. now owns 5,642 shares of the specialty chemicals company's stock worth $233,000 after buying an additional 532 shares in the last quarter. Clearbridge Investments LLC grew its stake in Methanex by 18.4% in the second quarter. Clearbridge Investments LLC now owns 52,350 shares of the specialty chemicals company's stock valued at $2,526,000 after purchasing an additional 8,150 shares in the last quarter. Finally, Truist Financial Corp grew its stake in Methanex by 5.0% in the second quarter. Truist Financial Corp now owns 6,219 shares of the specialty chemicals company's stock valued at $300,000 after purchasing an additional 294 shares in the last quarter. 73.49% of the stock is currently owned by institutional investors.

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.