What is Scotiabank’s Forecast for Methanex FY2026 Earnings?

Methanex Corporation (NASDAQ:MEOH) (TSE:MX) – Research analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for shares of Methanex in a report released on Thursday, October 1st. Scotiabank analyst B. Isaacson now forecasts that the specialty chemicals company will earn $7.43 per share for the year, down from their previous estimate of $8.01. The consensus estimate for Methanex’s current full-year earnings is $8.45 per share. Scotiabank also issued estimates for Methanex’s FY2027 earnings at $4.97 EPS.

Methanex (NASDAQ:MEOH) (TSE:MX) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.87 earnings per share for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.13). The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Methanex had a net margin of 2.07% and a return on equity of 11.35%. The business’s quarterly revenue was up 75.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share.

MEOH has been the subject of a number of other research reports. UBS Group increased their price objective on Methanex from $71.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, October 5th. Weiss Ratings upgraded shares of Methanex from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Royal Bank Of Canada decreased 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. National Bank Financial set a $70.00 price target on shares of Methanex and gave the company an “outperform” rating in a report on Monday, July 13th. Finally, Wall Street Zen raised shares of Methanex from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 3rd. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Methanex presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.89.

Methanex Stock Up 2.5%

Shares of NASDAQ:MEOH opened at $63.12 on Monday. The stock has a market capitalization of $4.88 billion, a P/E ratio of 15.06 and a beta of 0.71. The stock’s 50-day moving average price is $58.96 and its 200-day moving average price is $57.69. The company has a current ratio of 2.07, a quick ratio of 1.35 and a debt-to-equity ratio of 0.83. Methanex has a 12-month low of $32.00 and a 12-month high of $66.75.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust bought a new stake in Methanex in the second quarter worth $38,000. Nykredit A S purchased a new stake in shares of Methanex in the second quarter worth $83,000. State of Wyoming purchased a new stake in shares of Methanex in the second quarter worth $153,000. Fifth Third Bancorp increased its holdings in shares of Methanex by 1,087.3% during the first quarter. Fifth Third Bancorp now owns 3,823 shares of the specialty chemicals company’s stock valued at $228,000 after acquiring an additional 3,501 shares in the last quarter. Finally, Park National Corp OH bought a new position in shares of Methanex during the first quarter valued at $233,000. 73.49% of the stock is owned by hedge funds and other institutional investors.

About Methanex

Methanex Corporation (NASDAQ:MEOH) is a global producer and supplier of methanol, a basic chemical used in the manufacture of formaldehyde, acetic acid, plastics, paints, adhesives, solvents and other products. Methanol is also used in fuel applications, including as a blending component and as a feedstock for the production of other fuels and chemicals.

Founded in 1992 and headquartered in Vancouver, British Columbia, Methanex operates an international production and distribution network.