What is Scotiabank's Estimate for Methanex FY2026 Earnings?

Key Points

• Scotiabank raised Methanex’s FY2026 EPS estimate to $8.52, up from $7.43 and slightly above the current consensus estimate of $8.45. The bank expects FY2027 EPS of $6.20.
• Methanex’s latest quarter fell short of expectations, with EPS of $3.87 versus the $4.00 consensus and revenue of $1.40 billion versus $1.43 billion expected, although revenue increased 75% year over year.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus rating and an average price target of $68.89; six analysts rate the stock a Buy and five rate it a Hold.

Methanex Corporation (NASDAQ:MEOH - Free Report) TSE: MX - Equities research analysts at Scotiabank raised their FY2026 earnings per share (EPS) estimates for Methanex in a research note issued to investors on Tuesday, October 13th. Scotiabank analyst B. Isaacson now expects that the specialty chemicals company will post earnings of $8.52 per share for the year, up from their previous forecast of $7.43. 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 $6.20 EPS.

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

Several other analysts have also issued reports on MEOH. Royal Bank Of Canada reduced their target price on shares of Methanex from $70.00 to $65.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 1st. Canadian Imperial Bank of Commerce raised shares of Methanex from a "neutral" rating to a "sector outperform" rating and raised their price target for the company from $69.00 to $71.00 in a research report on Monday, July 20th. UBS Group boosted their price target on shares of Methanex from $71.00 to $74.00 and gave the stock a "buy" rating in a report on Monday, October 5th. Weiss Ratings upgraded shares of Methanex from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday. Finally, Wall Street Zen raised shares of Methanex from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 3rd. 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, the company has a consensus rating of "Moderate Buy" and an average target price of $68.89.

Methanex Price Performance

MEOH opened at $63.61 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.07 and a quick ratio of 1.35. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 61.76 and a beta of 0.71. The firm's fifty day moving average price is $59.37 and its two-hundred day moving average price is $57.70. Methanex has a 1 year low of $32.00 and a 1 year high of $66.75.

Institutional Trading of Methanex

A number of large investors have recently bought and sold shares of MEOH. Dimensional Fund Advisors LP lifted its position in shares of Methanex by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,127,046 shares of the specialty chemicals company's stock valued at $67,116,000 after buying an additional 50,681 shares during the last quarter. Bank of America Corp DE purchased a new stake in Methanex in the 2nd quarter worth about $56,683,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Methanex in the 2nd quarter worth about $53,605,000. Alberta Investment Management Corp increased its holdings in Methanex by 12.0% in the 4th quarter. Alberta Investment Management Corp now owns 1,111,000 shares of the specialty chemicals company's stock worth $44,129,000 after acquiring an additional 119,000 shares during the last quarter. Finally, Man Group plc purchased a new stake in Methanex in the 2nd quarter worth about $35,078,000. 73.49% of the stock is owned by hedge funds and other institutional investors.

Methanex Company Profile

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.

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