What is Scotiabank's Estimate for Methanex FY2025 Earnings?

Key Points

• Scotiabank raised their FY2025 earnings per share estimate for Methanex to $4.07, significantly up from a previous estimate of $2.37, while maintaining a price target of $50.00 on the stock.
• The company's recent quarterly earnings report showed better-than-expected earnings of $0.97 per share, exceeding analysts’ estimates of $0.42, despite a 13.4% decline in revenue compared to the previous year.
• Methanex announced a quarterly dividend of $0.185, which translates to an annualized yield of 2.3% and a payout ratio of 21.83%.

Methanex Corporation (NASDAQ:MEOH - Free Report) TSE: MX - Research analysts at Scotiabank increased their FY2025 EPS estimates for Methanex in a note issued to investors on Tuesday, August 5th. Scotiabank analyst B. Isaacson now anticipates that the specialty chemicals company will earn $4.07 per share for the year, up from their prior forecast of $2.37. Scotiabank has a "Sector Outperform" rating and a $50.00 price target on the stock. The consensus estimate for Methanex's current full-year earnings is $4.32 per share. Scotiabank also issued estimates for Methanex's FY2026 earnings at $4.61 EPS.

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last announced its earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.55. Methanex had a net margin of 7.02% and a return on equity of 12.61%. The business had revenue of $808.46 million during the quarter, compared to the consensus estimate of $835.04 million. During the same quarter last year, the firm earned $0.62 earnings per share. The business's revenue for the quarter was down 13.4% on a year-over-year basis.

Several other equities research analysts have also recently issued reports on the stock. CIBC raised their target price on shares of Methanex from $42.00 to $44.00 and gave the stock an "outperformer" rating in a report on Friday, August 1st. JPMorgan Chase & Co. began coverage on shares of Methanex in a report on Tuesday, June 10th. They issued a "neutral" rating and a $33.00 target price on the stock. Raymond James Financial set a $45.00 target price on shares of Methanex and gave the stock an "outperform" rating in a report on Tuesday, July 15th. UBS Group dropped their target price on shares of Methanex from $51.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, Piper Sandler set a $48.00 target price on shares of Methanex and gave the stock an "overweight" rating in a report on Sunday, May 18th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.88.

Methanex Stock Up 1.1%

Shares of NASDAQ:MEOH traded up $0.36 during trading on Friday, reaching $32.82. 165,827 shares of the stock traded hands, compared to its average volume of 558,313. The stock has a 50-day moving average of $34.07 and a two-hundred day moving average of $36.07. Methanex has a 52-week low of $25.46 and a 52-week high of $54.49. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.43 and a current ratio of 2.13. The stock has a market cap of $2.54 billion, a P/E ratio of 9.68 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MEOH. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Methanex during the 2nd quarter valued at $33,000. CWM LLC bought a new stake in shares of Methanex during the 2nd quarter valued at $33,000. SVB Wealth LLC bought a new stake in shares of Methanex during the 1st quarter valued at $38,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Methanex during the 1st quarter valued at $55,000. Finally, Headlands Technologies LLC bought a new stake in shares of Methanex during the 1st quarter valued at $82,000. 73.49% of the stock is currently owned by institutional investors.

Methanex Announces 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 given a $0.185 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.74 annualized dividend and a yield of 2.3%. Methanex's dividend payout ratio (DPR) is presently 21.83%.

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.