FY2026 Earnings Forecast for Methanex Issued By Scotiabank

Methanex Corporation (NASDAQ:MEOH) (TSE:MX) – Equities researchers at Scotiabank upped their FY2026 EPS estimates for Methanex in a research note issued on Wednesday, July 15th. Scotiabank analyst B. Isaacson now forecasts that the specialty chemicals company will earn $8.01 per share for the year, up from their previous estimate of $7.62. Scotiabank currently has a “Outperform” rating and a $80.00 target price on the stock. The consensus estimate for Methanex’s current full-year earnings is $8.27 per share.

Methanex (NASDAQ:MEOH) (TSE:MX) last announced its quarterly earnings results on Wednesday, April 29th. The specialty chemicals company reported $0.30 earnings per share for the quarter, missing the consensus estimate 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 business earned $1.30 EPS. Methanex’s revenue was up 8.7% on a year-over-year basis.

Several other research firms have also recently weighed in on MEOH. Zacks Research cut Methanex from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Weiss Ratings cut Methanex from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. National Bank Financial set a $70.00 price objective on Methanex and gave the stock an “outperform” rating in a report on Monday, July 13th. Canadian Imperial Bank of Commerce raised Methanex from a “neutral” rating to a “sector outperform” rating and boosted their target price for the stock from $69.00 to $71.00 in a research report on Monday. Finally, Royal Bank Of Canada lowered their target price on shares of Methanex from $70.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 1st. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.00.

Methanex Stock Performance

MEOH stock opened at $54.70 on Monday. The stock’s 50 day simple moving average is $55.27 and its 200 day simple moving average is $53.77. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.98. Methanex has a 12-month low of $32.00 and a 12-month high of $66.75. The stock has a market capitalization of $4.23 billion, a PE ratio of -111.63 and a beta of 0.60.

Methanex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a $0.185 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.74 annualized dividend and a yield of 1.4%. Methanex’s dividend payout ratio (DPR) is presently -151.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP increased its position in 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 buying an additional 1,998,763 shares in the last quarter. Norges Bank purchased a new position in shares of Methanex during the 4th quarter valued at about $34,872,000. Boston Partners grew its stake in shares of Methanex by 686.0% during the 3rd quarter. Boston Partners now owns 963,408 shares of the specialty chemicals company’s stock valued at $38,277,000 after acquiring an additional 840,831 shares during the period. Millennium Management LLC grew its stake in shares of Methanex by 116.8% during 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 acquiring an additional 623,502 shares during the period. Finally, FIL Ltd increased its holdings in Methanex by 40.3% in the 4th quarter. FIL Ltd now owns 1,803,108 shares of the specialty chemicals company’s stock worth $71,520,000 after acquiring an additional 518,173 shares in the last quarter. Hedge funds and other institutional investors own 73.49% of the company’s stock.

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).