Scotiabank Has Positive Outlook of Methanex FY2026 Earnings

Key Points

• Scotiabank sharply raised its FY2026 earnings estimate for Methanex to $12.79 EPS (from $5.00) and projects FY2027 EPS of $7.45, well above the current consensus of $5.95.
• Several analysts (RBC, CIBC, Raymond James) have downgraded Methanex to "Hold", leaving a MarketBeat average rating of "Moderate Buy" and an average price target of C$50.00.
• Methanex trades near C$82.78 (52-week range C$41.46–C$92.97) with a high P/E (~89), while the latest quarter reported a C($0.19) EPS loss on C$1.28 billion revenue and a net margin of 2.19%.

Methanex Co. (TSE:MX - Free Report) NASDAQ: MEOH - Analysts at Scotiabank lifted their FY2026 earnings estimates for Methanex in a research report issued to clients and investors on Thursday, April 23rd. Scotiabank analyst B. Isaacson now expects that the company will earn $12.79 per share for the year, up from their previous estimate of $5.00. The consensus estimate for Methanex's current full-year earnings is $5.95 per share. Scotiabank also issued estimates for Methanex's FY2027 earnings at $7.45 EPS.

A number of other equities analysts also recently issued reports on the company. Royal Bank Of Canada downgraded Methanex from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 1st. Canadian Imperial Bank of Commerce lowered Methanex from a "strong-buy" rating to a "hold" rating in a report on Friday, February 6th. Finally, Raymond James Financial cut Methanex from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$50.00.

Methanex Trading Up 1.6%

MX opened at C$82.78 on Tuesday. Methanex has a fifty-two week low of C$41.46 and a fifty-two week high of C$92.97. The firm has a market capitalization of C$6.40 billion, a PE ratio of 89.01, a P/E/G ratio of 0.44 and a beta of 0.46. The company has a debt-to-equity ratio of 143.59, a current ratio of 2.06 and a quick ratio of 1.59. The company's 50-day moving average is C$76.37 and its 200 day moving average is C$63.26.

Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH last released its quarterly earnings data on Thursday, March 5th. The company reported C($0.19) earnings per share for the quarter. The business had revenue of C$1.28 billion during the quarter. Methanex had a net margin of 2.19% and a return on equity of 3.18%.

Insider Buying and Selling at Methanex

In related news, insider Mark Allard sold 2,000 shares of the firm's stock in a transaction dated Friday, March 27th. The shares were sold at an average price of C$86.00, for a total transaction of C$172,000.00. Following the transaction, the insider directly owned 16,604 shares of the company's stock, valued at C$1,427,944. This trade represents a 10.75% decrease in their ownership of the stock. 0.35% of the stock is owned by insiders.

About Methanex

Methanex Corp manufactures and sells methanol. Methanex's customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.

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