What is Scotiabank's Forecast for Methanex FY2026 Earnings?

Key Points

• Scotiabank raised its FY2026 EPS estimate for Methanex to $8.01 from $7.62, while keeping an Outperform rating and $80 price target on the stock.
• The new forecast remains slightly below the broader consensus estimate of $8.27 per share, suggesting analysts still expect stronger earnings than Scotiabank’s view.
• Methanex recently posted a weaker-than-expected quarter, with $0.30 EPS versus $0.38 expected, even as revenue rose 8.7% year over year to $957.42 million.

Methanex Corporation (NASDAQ:MEOH - Free Report) TSE: MX - Analysts at Scotiabank increased their FY2026 earnings estimates for Methanex in a report issued on Wednesday, July 15th. Scotiabank analyst B. Isaacson now expects that the specialty chemicals company will post earnings of $8.01 per share for the year, up from their previous forecast of $7.62. Scotiabank has a "Outperform" rating and a $80.00 price target on the stock. The consensus estimate for Methanex's current full-year earnings is $8.27 per share.

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

Several other brokerages have also commented on MEOH. UBS Group upped their target price on Methanex from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lowered Methanex from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $56.00 to $65.00 in a research note on Friday, May 1st. Wall Street Zen raised Methanex from a "hold" rating to a "buy" rating in a research note on Monday. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating and set a $69.00 price objective on shares of Methanex in a research report on Friday, May 1st. Finally, National Bank Financial set a $70.00 price objective on shares of Methanex and gave the company an "outperform" rating in a research note on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $68.78.

Methanex Stock Performance

MEOH stock opened at $54.81 on Monday. The firm has a market cap of $4.24 billion, a PE ratio of -111.86 and a beta of 0.60. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.98. The stock has a 50-day moving average price of $55.44 and a 200-day moving average price of $53.66. Methanex has a 1-year low of $32.00 and a 1-year high of $66.75.

Methanex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, September 16th. Methanex's payout ratio is presently -151.02%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of Methanex by 629.5% during the fourth quarter. Wellington Management Group LLP now owns 2,316,270 shares of the specialty chemicals company's stock valued at $92,000,000 after acquiring an additional 1,998,763 shares in the last quarter. Norges Bank bought a new position in shares of Methanex in the 4th quarter worth $34,872,000. Boston Partners grew its position in Methanex by 686.0% in the 3rd quarter. Boston Partners now owns 963,408 shares of the specialty chemicals company's stock valued at $38,277,000 after purchasing an additional 840,831 shares during the period. Millennium Management LLC grew its position in Methanex by 116.8% in the 3rd quarter. Millennium Management LLC now owns 1,157,233 shares of the specialty chemicals company's stock valued at $46,011,000 after purchasing an additional 623,502 shares during the period. Finally, FIL Ltd grew its position in Methanex by 40.3% in the 4th quarter. FIL Ltd now owns 1,803,108 shares of the specialty chemicals company's stock valued at $71,520,000 after purchasing an additional 518,173 shares during the period. 73.49% of the stock is owned by institutional investors and hedge funds.

More Methanex News

Here are the key news stories impacting Methanex this week:

• Positive Sentiment: Methanex’s board declared a quarterly dividend of US$0.185 per share, signaling confidence in cash flow and providing income support for shareholders. Methanex Corporation – Notice of Cash Dividend
• Positive Sentiment: Scotiabank slightly raised its FY2027 EPS estimate for Methanex and maintained an Outperform rating with an $80 price target, reinforcing a constructive view on the company’s earnings outlook. Methanex Corporation stock information
• Positive Sentiment: Recent analyst coverage from National Bank was also described as positive, adding to the favorable sentiment around the name. Positive Report for Methanex (MEOH) from National Bank
• Neutral Sentiment: Scotiabank’s Q2 2026 earnings estimate of $3.78 per share is in line with expectations for the upcoming quarter, so it is not a major new catalyst by itself. Methanex Corporation stock information
• Negative Sentiment: News that Methanex shut down its Titan plant could raise concerns about near-term operating disruptions, which may weigh on sentiment. Methanex shuts down Titan plant

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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