Zacks Research Has Bullish Estimate for Methanex Q2 Earnings

Key Points

• Zacks Research sharply raised its Q2 2026 EPS estimate for Methanex to $3.75 per share, up from $0.58, and kept a Strong-Buy rating on the stock.
• Other analysts were also mostly positive, with recent upgrades and higher price targets contributing to Methanex’s overall Moderate Buy consensus and an average price target of $66.78.
• Methanex shares were down 2.5% in Thursday trading, even as the company recently reported a quarterly revenue beat on a year-over-year basis and announced a $0.185 per share dividend payable on June 30.

Methanex Corporation (NASDAQ:MEOH - Free Report) TSE: MX - Stock analysts at Zacks Research lifted their Q2 2026 EPS estimates for Methanex in a note issued to investors on Monday, May 18th. Zacks Research analyst Team now forecasts that the specialty chemicals company will earn $3.75 per share for the quarter, up from their prior estimate of $0.58. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for Methanex's current full-year earnings is $5.42 per share. Zacks Research also issued estimates for Methanex's Q3 2026 earnings at $1.92 EPS, FY2026 earnings at $6.77 EPS, Q1 2027 earnings at $0.58 EPS, Q2 2027 earnings at $1.59 EPS, Q3 2027 earnings at $1.45 EPS, Q4 2027 earnings at $1.24 EPS, FY2027 earnings at $4.85 EPS and FY2028 earnings at $3.65 EPS.

Other research analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Methanex from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Canadian Imperial Bank of Commerce reiterated a "neutral" rating and issued a $69.00 target price on shares of Methanex in a research note on Friday, May 1st. Jefferies Financial Group upped their target price on shares of Methanex from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, March 11th. JPMorgan Chase & Co. downgraded shares of Methanex from an "overweight" rating to a "neutral" rating and upped their target price for the stock from $56.00 to $65.00 in a research note on Friday, May 1st. Finally, BMO Capital Markets upped their target price on shares of Methanex from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Methanex currently has an average rating of "Moderate Buy" and an average price target of $66.78.

Methanex Trading Down 2.5%

Shares of NASDAQ MEOH opened at $60.54 on Thursday. The firm's 50 day moving average price is $59.28 and its 200-day moving average price is $48.78. The company has a market cap of $4.68 billion, a PE ratio of -123.55 and a beta of 0.60. Methanex has a 52-week low of $31.57 and a 52-week high of $66.75. 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 (NASDAQ:MEOH - Get Free Report) TSE: MX last issued its earnings results on Wednesday, April 29th. The specialty chemicals company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.08). The firm 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 EPS.

Methanex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given 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 -151.02%.

Institutional Trading of Methanex

A number of hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in Methanex by 0.3% during the first quarter. Public Employees Retirement System of Ohio now owns 82,381 shares of the specialty chemicals company's stock valued at $4,892,000 after acquiring an additional 225 shares during the last quarter. AMG National Trust Bank increased its holdings in Methanex by 4.8% during the first quarter. AMG National Trust Bank now owns 8,127 shares of the specialty chemicals company's stock valued at $484,000 after buying an additional 374 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Methanex by 33.3% during the third quarter. NewEdge Advisors LLC now owns 2,000 shares of the specialty chemicals company's stock valued at $80,000 after buying an additional 500 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Methanex by 61.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,143 shares of the specialty chemicals company's stock valued at $85,000 after buying an additional 812 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Methanex by 8.2% during the fourth quarter. Franklin Resources Inc. now owns 10,706 shares of the specialty chemicals company's stock valued at $425,000 after buying an additional 813 shares during the last quarter. Hedge funds and other institutional investors own 73.49% of the company's stock.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.