Scotiabank Has Negative Outlook for Methanex FY2026 Earnings

Key Points

• Scotiabank cut its FY2026 EPS estimate for Methanex to $7.62 from $8.86 but maintained an "Outperform" rating and an $80 price target, while the consensus EPS sits at $5.73.
• Methanex missed the latest quarter's EPS ($0.30 vs. $0.38 expected) and slightly missed revenue, with shares trading down about 1.6% around $61.38 following the results.
• The company declared a quarterly dividend of $0.185 (annualized $0.74) for a yield of roughly 1.2%, with an ex‑dividend date of June 16.

Methanex Corporation (NASDAQ:MEOH - Free Report) TSE: MX - Stock analysts at Scotiabank lowered their FY2026 EPS estimates for shares of Methanex in a report issued on Wednesday, May 6th. Scotiabank analyst B. Isaacson now expects that the specialty chemicals company will post earnings of $7.62 per share for the year, down from their prior estimate of $8.86. Scotiabank currently has a "Outperform" rating and a $80.00 target price on the stock. The consensus estimate for Methanex's current full-year earnings is $5.73 per share.

A number of other equities research analysts have also weighed in on MEOH. Wall Street Zen upgraded shares of Methanex from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Zacks Research upgraded shares of Methanex from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 14th. Weiss Ratings lowered shares of Methanex from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday. UBS Group upped their price target on shares of Methanex from $70.00 to $75.00 and gave the company a "buy" rating in a report on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce reiterated a "neutral" rating and set a $69.00 price target on shares of Methanex in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Methanex presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.90.

Methanex Trading Down 1.6%

Shares of MEOH opened at $61.38 on Friday. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of -125.27 and a beta of 0.60. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.26 and a current ratio of 1.96. Methanex has a fifty-two week low of $31.57 and a fifty-two week high of $66.75. The firm has a 50 day moving average price of $57.33 and a 200-day moving average price of $47.02.

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last announced its quarterly earnings data on Wednesday, April 29th. The specialty chemicals company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.08). The business had revenue of $957.42 million during the quarter, compared to the consensus estimate of $964.76 million. Methanex had a positive return on equity of 2.96% and a negative net margin of 1.25%.The company's revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.30 earnings per share.

Methanex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, June 16th. Methanex's dividend payout ratio is currently -151.02%.

Institutional Investors Weigh In On Methanex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MEOH. NewEdge Advisors LLC bought a new stake in Methanex during the 2nd quarter valued at $50,000. Parkside Financial Bank & Trust increased its position in Methanex by 1,244.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,331 shares of the specialty chemicals company's stock valued at $53,000 after purchasing an additional 1,232 shares during the period. Clearstead Advisors LLC increased its position in Methanex by 336.2% during the 4th quarter. Clearstead Advisors LLC now owns 1,784 shares of the specialty chemicals company's stock valued at $71,000 after purchasing an additional 1,375 shares during the period. PNC Financial Services Group Inc. increased its position in Methanex by 131.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,482 shares of the specialty chemicals company's stock valued at $99,000 after purchasing an additional 1,410 shares during the period. Finally, AXA S.A. purchased a new position in Methanex during the 2nd quarter valued at $166,000. 73.49% of the stock is currently owned by institutional investors.

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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