What is Scotiabank's Forecast for Methanex FY2025 Earnings?

Methanex Co. (NASDAQ:MEOH - Free Report) TSE: MX - Scotiabank boosted their FY2025 earnings estimates for shares of Methanex in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst B. Isaacson now forecasts that the specialty chemicals company will post earnings per share of $3.85 for the year, up from their previous forecast of $3.38. Scotiabank currently has a "Sector Perform" rating and a $53.00 target price on the stock. The consensus estimate for Methanex's current full-year earnings is $4.32 per share. Scotiabank also issued estimates for Methanex's FY2026 earnings at $3.77 EPS.

A number of other research firms have also weighed in on MEOH. CIBC reiterated an "outperform" rating on shares of Methanex in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $55.00 target price on shares of Methanex in a report on Friday, January 31st. UBS Group raised their price target on Methanex from $53.00 to $66.00 and gave the company a "buy" rating in a report on Friday, February 7th. Cibc World Mkts upgraded Methanex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Finally, Barclays increased their target price on Methanex from $54.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Methanex has a consensus rating of "Moderate Buy" and a consensus price target of $60.63.

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Methanex Stock Performance

Shares of NASDAQ:MEOH traded up $0.03 during mid-day trading on Monday, reaching $35.99. 289,182 shares of the company traded hands, compared to its average volume of 339,176. The company's 50 day moving average price is $44.80 and its 200-day moving average price is $44.21. The firm has a market cap of $2.43 billion, a PE ratio of 15.58 and a beta of 1.38. Methanex has a 52 week low of $35.11 and a 52 week high of $56.43. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.62 and a quick ratio of 2.00.

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last released its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.30. Methanex had a return on equity of 10.97% and a net margin of 4.41%.

Methanex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.74 annualized dividend and a dividend yield of 2.06%. Methanex's dividend payout ratio (DPR) is 32.03%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in Methanex during the third quarter valued at $40,000. Parkside Financial Bank & Trust raised its position in shares of Methanex by 39.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,015 shares of the specialty chemicals company's stock valued at $101,000 after buying an additional 573 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Methanex in the 4th quarter valued at about $106,000. State of Wyoming purchased a new position in Methanex in the fourth quarter worth about $129,000. Finally, Blue Trust Inc. lifted its stake in shares of Methanex by 15.0% in the 4th quarter. Blue Trust Inc. now owns 2,845 shares of the specialty chemicals company's stock valued at $142,000 after purchasing an additional 371 shares during the last quarter. 73.49% of the stock is owned by hedge funds and other 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.