What is Scotiabank's Forecast for Methanex FY2025 Earnings?

Methanex Co. (NASDAQ:MEOH - Free Report) TSE: MX - Scotiabank raised their FY2025 earnings estimates for shares of Methanex in a research note issued on Wednesday, January 8th. Scotiabank analyst B. Isaacson now expects that the specialty chemicals company will post earnings of $3.38 per share for the year, up from their previous forecast of $3.18. The consensus estimate for Methanex's current full-year earnings is $3.11 per share. Scotiabank also issued estimates for Methanex's FY2026 earnings at $3.15 EPS.

Other equities analysts have also recently issued research reports about the company. CIBC reaffirmed an "outperformer" rating and issued a $59.00 price target (up previously from $48.00) on shares of Methanex in a report on Tuesday, December 10th. StockNews.com raised Methanex from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. UBS Group cut their price target on shares of Methanex from $54.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $55.00 price objective on shares of Methanex in a report on Monday. Finally, Piper Sandler lifted their target price on shares of Methanex from $68.00 to $71.00 and gave the company an "overweight" rating in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $57.25.

Methanex Price Performance

Shares of Methanex stock traded down $2.01 during trading hours on Thursday, reaching $48.45. The stock had a trading volume of 319,421 shares, compared to its average volume of 386,804. Methanex has a twelve month low of $36.13 and a twelve month high of $56.43. The company has a current ratio of 1.34, a quick ratio of 1.01 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $3.26 billion, a PE ratio of 22.64 and a beta of 1.37. The stock's 50 day moving average is $46.01 and its 200 day moving average is $44.84.

Institutional Investors Weigh In On Methanex

Several hedge funds and other institutional investors have recently made changes to their positions in MEOH. Dixon Mitchell Investment Counsel Inc. grew its holdings in shares of Methanex by 9.9% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,182,168 shares of the specialty chemicals company's stock valued at $49,022,000 after purchasing an additional 106,848 shares during the period. Bank of Montreal Can grew its stake in shares of Methanex by 16.3% in the 2nd quarter. Bank of Montreal Can now owns 1,136,436 shares of the specialty chemicals company's stock valued at $55,406,000 after buying an additional 159,542 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Methanex by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 944,262 shares of the specialty chemicals company's stock worth $45,570,000 after buying an additional 30,887 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Methanex by 3.4% during the 2nd quarter. Mackenzie Financial Corp now owns 726,546 shares of the specialty chemicals company's stock valued at $35,082,000 after buying an additional 23,747 shares during the period. Finally, Millennium Management LLC lifted its holdings in Methanex by 13.0% in the second quarter. Millennium Management LLC now owns 508,730 shares of the specialty chemicals company's stock valued at $24,551,000 after acquiring an additional 58,719 shares during the last quarter. Institutional investors and hedge funds own 73.49% of the company's stock.

Methanex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a $0.185 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.74 dividend on an annualized basis and a yield of 1.53%. Methanex's payout ratio is 34.58%.

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.