What is Scotiabank's Forecast for Methanex FY2025 Earnings?

Key Points

• Scotiabank has raised its FY2025 earnings per share estimate for Methanex to $5.62, significantly higher than the previous estimate of $3.32, while maintaining an "Outperform" rating and a price target of $53.00.
• Methanex recently announced a quarterly dividend of $0.185 per share, which reflects an annualized yield of 1.7% and a payout ratio of 31.43%.
• Other analysts have mixed ratings on Methanex, with a consensus rating of "Buy" and a price target averaging C$46.50, indicating positive sentiment among market experts.

Methanex Co. (TSE:MX - Free Report) NASDAQ: MEOH - Equities research analysts at Scotiabank increased their FY2025 EPS estimates for shares of Methanex in a report released on Tuesday, August 5th. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings of $5.62 per share for the year, up from their previous estimate of $3.32. Scotiabank currently has a "Outperform" rating and a $53.00 target price on the stock. The consensus estimate for Methanex's current full-year earnings is $5.95 per share. Scotiabank also issued estimates for Methanex's FY2026 earnings at $6.36 EPS.

A number of other analysts have also issued reports on the company. Royal Bank Of Canada raised Methanex from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Raymond James Financial set a C$40.00 target price on Methanex and gave the company an "outperform" rating in a research report on Friday, June 13th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Methanex presently has an average rating of "Buy" and a consensus target price of C$46.50.

Methanex Trading Up 2.0%

Shares of MX stock traded up C$0.88 during trading on Friday, hitting C$45.56. 185,508 shares of the stock traded hands, compared to its average volume of 206,169. The firm has a market capitalization of C$2.17 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79. The company has a debt-to-equity ratio of 148.53, a current ratio of 1.34 and a quick ratio of 1.59. The firm's fifty day moving average price is C$46.63 and its 200-day moving average price is C$50.74. Methanex has a 52-week low of C$36.10 and a 52-week high of C$78.18.

Insider Activity at Methanex

In other news, Director Rich Sumner bought 1,479 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average price of C$50.65 per share, for a total transaction of C$74,907.36. 0.35% of the stock is currently owned by company insiders.

Methanex Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 1.6%. Methanex's dividend payout ratio (DPR) is 31.43%.

About Methanex

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.