Scotiabank Has Bearish Estimate for Methanex FY2026 Earnings

Methanex Corporation (NASDAQ:MEOH) (TSE:MX) – Investment analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for shares of Methanex in a research report issued on Thursday, March 12th. Scotiabank analyst B. Isaacson now anticipates that the specialty chemicals company will post earnings of $3.68 per share for the year, down from their prior forecast of $4.48. Scotiabank has a “Outperform” rating 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 FY2027 earnings at $3.84 EPS.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its earnings results on Thursday, March 5th. The specialty chemicals company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.95). Methanex had a return on equity of 5.35% and a net margin of 2.21%.The firm had revenue of $968.81 million during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis.

Other equities research analysts have also issued research reports about the stock. Canadian Imperial Bank of Commerce raised their price target on shares of Methanex from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group increased their target price on shares of Methanex from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Jefferies Financial Group raised their target price on Methanex from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Zacks Research upgraded Methanex from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Methanex in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.60.

Methanex Trading Up 1.4%

NASDAQ:MEOH opened at $51.20 on Monday. The company has a fifty day moving average of $49.07 and a 200 day moving average of $41.73. Methanex has a 52 week low of $25.46 and a 52 week high of $59.09. The company has a quick ratio of 1.37, a current ratio of 2.06 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $3.96 billion, a P/E ratio of 45.31 and a beta of 0.65.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MEOH. Vanguard Group Inc. raised its stake in Methanex by 14.0% during the 4th quarter. Vanguard Group Inc. now owns 2,746,051 shares of the specialty chemicals company’s stock worth $108,917,000 after acquiring an additional 336,316 shares during the period. Wellington Management Group LLP boosted its position in shares of Methanex by 629.5% in the fourth quarter. Wellington Management Group LLP now owns 2,316,270 shares of the specialty chemicals company’s stock worth $92,000,000 after purchasing an additional 1,998,763 shares during the period. Dixon Mitchell Investment Counsel Inc. boosted its position in shares of Methanex by 0.4% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 2,048,214 shares of the specialty chemicals company’s stock worth $81,363,000 after purchasing an additional 7,707 shares during the period. FIL Ltd increased its stake in shares of Methanex by 40.3% in the fourth quarter. FIL Ltd now owns 1,803,108 shares of the specialty chemicals company’s stock worth $71,520,000 after purchasing an additional 518,173 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Methanex by 28.1% in the second quarter. Mackenzie Financial Corp now owns 1,568,264 shares of the specialty chemicals company’s stock worth $51,960,000 after purchasing an additional 343,876 shares in the last quarter. 73.49% of the stock is currently owned by institutional investors.

Methanex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 17th. Methanex’s payout ratio is presently 65.49%.

About Methanex

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).