Methanex Co. (TSE:MX - Free Report) NASDAQ: MEOH - Equities researchers at Raymond James upped their FY2024 earnings estimates for shares of Methanex in a research note issued to investors on Tuesday, January 14th. Raymond James analyst S. Hansen now anticipates that the company will post earnings of $5.12 per share for the year, up from their previous estimate 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 - Get Free Report) NASDAQ: MEOH last announced its earnings results on Wednesday, November 6th. The company reported C$1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.60 by C$1.05. The company had revenue of C$1.28 billion during the quarter, compared to analysts' expectations of C$1.26 billion. Methanex had a net margin of 4.06% and a return on equity of 10.21%.
Separately, Cibc World Mkts raised Methanex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th.
Read Our Latest Analysis on Methanex
Methanex Price Performance
Shares of TSE MX traded down C$0.12 during trading on Thursday, reaching C$71.84. The company had a trading volume of 89,857 shares, compared to its average volume of 124,909. The company has a current ratio of 1.25, a quick ratio of 1.59 and a debt-to-equity ratio of 131.58. The stock has a market capitalization of C$4.84 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79. Methanex has a twelve month low of C$49.21 and a twelve month high of C$74.25. The stock has a 50-day moving average price of C$66.59 and a two-hundred day moving average price of C$62.36.
Insider Transactions at Methanex
In related news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of C$65.39, for a total transaction of C$504,818.52. Company insiders own 0.35% of the company's stock.
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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