Raymond James Issues Negative Forecast for Methanex Earnings

Methanex Co. (NASDAQ:MEOH - Free Report) TSE: MX - Stock analysts at Raymond James dropped their Q1 2025 earnings per share estimates for shares of Methanex in a research note issued on Tuesday, April 15th. Raymond James analyst S. Hansen now forecasts that the specialty chemicals company will earn $1.54 per share for the quarter, down from their previous estimate of $1.71. Raymond James has a "Outperform" rating and a $40.00 price target on the stock. The consensus estimate for Methanex's current full-year earnings is $4.32 per share. Raymond James also issued estimates for Methanex's Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.83 EPS, FY2025 earnings at $2.85 EPS and FY2026 earnings at $4.10 EPS.

Several other equities research analysts have also commented on the stock. CIBC reduced their price target on shares of Methanex from $63.00 to $55.00 and set an "outperformer" rating for the company in a research report on Thursday, April 3rd. Piper Sandler downgraded shares of Methanex from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $71.00 to $36.00 in a research report on Monday, April 7th. UBS Group cut their price objective on shares of Methanex from $66.00 to $53.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Royal Bank of Canada reiterated a "sector perform" rating and set a $55.00 target price on shares of Methanex in a research report on Tuesday, April 1st. Finally, Barclays decreased their price objective on Methanex from $57.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $49.13.

Methanex Stock Performance

Shares of MEOH stock traded up $1.39 on Thursday, reaching $28.89. The stock had a trading volume of 176,444 shares, compared to its average volume of 367,749. The stock has a market cap of $1.95 billion, a P/E ratio of 12.53 and a beta of 1.06. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.62. Methanex has a 1 year low of $25.46 and a 1 year high of $56.43. The company has a 50 day simple moving average of $36.43 and a 200 day simple moving average of $42.71.

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

Methanex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.56%. Methanex's payout ratio is currently 32.03%.

Institutional Trading of Methanex

Several hedge funds have recently made changes to their positions in MEOH. Wilmington Savings Fund Society FSB purchased a new stake in Methanex during the third quarter valued at approximately $40,000. Parkside Financial Bank & Trust lifted its position in Methanex by 39.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,015 shares of the specialty chemicals company's stock worth $101,000 after buying an additional 573 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Methanex during the fourth quarter valued at $106,000. State of Wyoming purchased a new stake in shares of Methanex in the fourth quarter valued at $129,000. Finally, Blue Trust Inc. lifted its holdings 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 worth $142,000 after acquiring an additional 371 shares during the last quarter. 73.49% of the stock is currently 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.