Scotiabank Has Bullish Outlook for Methanex FY2026 Earnings

Key Points

• Scotiabank sharply raised its FY2026 EPS forecast for Methanex to $9.34 (up from $3.68), kept a "Sector Outperform" rating and a $70 target, and models FY2027 EPS at $5.44 versus a street consensus of $4.55 for FY2026.
• Methanex recently missed the quarter with EPS of -$0.14 (consensus $0.81) and revenue below expectations, yet several brokers have since lifted price targets and the consensus rating is a Moderate Buy with an average target of $59.20.
• Shares trade around $60.76 with a PE of ~53.8 and market cap of about $4.7B, and the company pays a $0.185 quarterly dividend (≈1.2% yield) with a payout ratio near 65%.

Methanex Corporation (NASDAQ:MEOH - Free Report) TSE: MX - Scotiabank boosted their FY2026 earnings per share (EPS) estimates for Methanex in a report issued on Thursday, April 23rd. Scotiabank analyst B. Isaacson now forecasts that the specialty chemicals company will post earnings of $9.34 per share for the year, up from their prior estimate of $3.68. Scotiabank currently has a "Sector Outperform" rating and a $70.00 target price on the stock. The consensus estimate for Methanex's current full-year earnings is $4.55 per share. Scotiabank also issued estimates for Methanex's FY2027 earnings at $5.44 EPS.

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last posted its quarterly earnings data on Thursday, March 5th. The specialty chemicals company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.95). The business had revenue of $968.81 million during the quarter, compared to the consensus estimate of $1.03 billion. Methanex had a return on equity of 5.35% and a net margin of 2.21%.The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 earnings per share.

A number of other equities analysts have also commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Methanex in a research note on Monday, December 29th. Raymond James Financial boosted their price target on Methanex from $52.00 to $65.00 and gave the company a "market perform" rating in a research note on Thursday, April 16th. Canadian Imperial Bank of Commerce boosted their price target on Methanex from $52.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, March 17th. UBS Group boosted their price target on Methanex from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, April 9th. Finally, Jefferies Financial Group boosted their price target on Methanex from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $59.20.

Methanex Trading Up 1.9%

Methanex stock opened at $60.76 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 2.06. The business's 50-day simple moving average is $55.61 and its 200-day simple moving average is $45.86. The firm has a market capitalization of $4.70 billion, a PE ratio of 53.77 and a beta of 0.56. Methanex has a 52 week low of $29.93 and a 52 week high of $66.75.

Hedge Funds Weigh In On Methanex

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA boosted its holdings in Methanex by 19.0% during the first quarter. Pictet Asset Management Holding SA now owns 11,038 shares of the specialty chemicals company's stock valued at $656,000 after purchasing an additional 1,760 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Methanex during the first quarter valued at approximately $2,481,000. Value Partners Investments Inc. boosted its holdings in Methanex by 4.6% during the first quarter. Value Partners Investments Inc. now owns 21,774 shares of the specialty chemicals company's stock valued at $1,295,000 after purchasing an additional 959 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in Methanex by 97.3% during the first quarter. Ritholtz Wealth Management now owns 18,617 shares of the specialty chemicals company's stock valued at $1,108,000 after purchasing an additional 9,179 shares in the last quarter. Finally, Park National Corp OH acquired a new stake in Methanex during the first quarter valued at approximately $233,000. 73.49% of the stock is currently owned by institutional investors.

Methanex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, March 17th. Methanex's payout ratio is currently 65.49%.

Methanex Company Profile

Methanex Corporation is a Vancouver, Canada–based company and one of the world's largest producers and suppliers of methanol. The company manufactures methanol, a key feedstock for a wide range of chemical products and industrial applications. Methanex markets its product to customers in energy, plastics, paints and coatings, and various chemical sectors, positioning the company as a critical link in the global supply chain for basic chemicals.

The company's core product, methanol, serves as a building block for downstream chemicals such as formaldehyde, acetic acid and methyl tertiary butyl ether (MTBE).

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