FY2026 Earnings Estimate for Methanex Issued By Scotiabank

Key Points

• Scotiabank lowered Methanex’s FY2026 EPS estimate to $7.43 from $8.01, below the current consensus forecast of $8.45; it projects FY2027 EPS of $4.97.
• Methanex’s latest quarterly results fell short of expectations, with EPS of $3.87 versus the $4.00 consensus and revenue of $1.40 billion versus $1.43 billion, despite 75% year-over-year revenue growth.
• Analyst sentiment remains moderately positive, with six Buy ratings and five Holds and a consensus price target of $68.89. The company also maintains a quarterly dividend of $0.185 per share, representing a 1.2% yield.

Methanex Corporation (NASDAQ:MEOH - Free Report) TSE: MX - Analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for shares of Methanex in a research report issued to clients and investors on Thursday, October 1st. Scotiabank analyst B. Isaacson now expects that the specialty chemicals company will post earnings per share of $7.43 for the year, down from their previous forecast of $8.01. The consensus estimate for Methanex's current full-year earnings is $8.45 per share. Scotiabank also issued estimates for Methanex's FY2027 earnings at $4.97 EPS.

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last issued its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.87 earnings per share for the quarter, missing analysts' consensus estimates of $4.00 by ($0.13). The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.43 billion. Methanex had a return on equity of 11.35% and a net margin of 2.07%. The company's revenue was up 75.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS.

Several other research firms have also recently weighed in on MEOH. National Bank Financial set a $70.00 price target on Methanex and gave the stock an "outperform" rating in a report on Monday, July 13th. Canadian Imperial Bank of Commerce raised Methanex from a "neutral" rating to a "sector outperform" rating and upped their price objective for the company from $69.00 to $71.00 in a research note on Monday, July 20th. Royal Bank Of Canada decreased their price target on shares of Methanex from $70.00 to $65.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 1st. Weiss Ratings raised Methanex from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, July 29th. Finally, UBS Group lifted their target price on Methanex from $71.00 to $74.00 and gave the stock a "buy" rating in a report on Monday, October 5th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $68.89.

Methanex Price Performance

Methanex stock opened at $62.10 on Monday. The stock has a 50-day moving average price of $58.62 and a two-hundred day moving average price of $57.63. Methanex has a 12 month low of $32.00 and a 12 month high of $66.75. The company has a market capitalization of $4.80 billion, a PE ratio of 60.29 and a beta of 0.71. The company has a current ratio of 2.07, a quick ratio of 1.35 and a debt-to-equity ratio of 0.83.

Methanex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were issued a dividend of $0.1850 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.74 annualized dividend and a yield of 1.2%. Methanex's dividend payout ratio (DPR) is presently 71.84%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE bought a new stake in shares of Methanex during the 2nd quarter valued at about $56,683,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Methanex during the second quarter worth approximately $53,605,000. Man Group plc acquired a new stake in Methanex during the second quarter worth approximately $35,078,000. BlackRock Inc. acquired a new stake in Methanex during the second quarter worth approximately $26,154,000. Finally, Alberta Investment Management Corp bought a new stake in Methanex in the second quarter worth approximately $19,258,000. Institutional investors and hedge funds own 73.49% of the company's stock.

About Methanex

Methanex Corporation NASDAQ: MEOH is a global producer and supplier of methanol, a basic chemical used in the manufacture of formaldehyde, acetic acid, plastics, paints, adhesives, solvents and other products. Methanol is also used in fuel applications, including as a blending component and as a feedstock for the production of other fuels and chemicals.

Founded in 1992 and headquartered in Vancouver, British Columbia, Methanex operates an international production and distribution network.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.