FY2024 EPS Estimates for Methanex Lifted by Zacks Research

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities research analysts at Zacks Research raised their FY2024 earnings per share estimates for Methanex in a research report issued on Monday, November 25th. Zacks Research analyst R. Department now anticipates that the company will earn $4.22 per share for the year, up from their prior forecast of $2.91. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share. Zacks Research also issued estimates for Methanex’s Q2 2025 earnings at $0.45 EPS, Q3 2025 earnings at $0.92 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $4.88 EPS, Q1 2026 earnings at $0.75 EPS, Q2 2026 earnings at $2.15 EPS, Q3 2026 earnings at $1.94 EPS and FY2026 earnings at $6.41 EPS.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.60 by C$1.05. The firm had revenue of C$1.28 billion for the quarter, compared to the consensus estimate of C$1.26 billion. Methanex had a return on equity of 10.21% and a net margin of 4.06%.

A number of other research analysts also recently weighed in on MX. Tudor Pickering raised Methanex to a “strong-buy” rating in a report on Wednesday, September 11th. Piper Sandler raised Methanex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, Barclays downgraded Methanex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th.

Methanex Trading Up 0.2 %

Shares of TSE:MX opened at C$65.27 on Thursday. The company has a market cap of C$4.40 billion, a P/E ratio of 22.43, a PEG ratio of 0.44 and a beta of 1.79. The company has a debt-to-equity ratio of 131.58, a current ratio of 1.25 and a quick ratio of 1.59. Methanex has a 1 year low of C$49.21 and a 1 year high of C$74.25. The stock’s fifty day moving average price is C$57.74 and its 200-day moving average price is C$62.60.

Insider Buying and Selling at Methanex

In related news, Director Leslie O’donoghue purchased 2,500 shares of Methanex stock in a transaction on Tuesday, September 24th. The stock was acquired at an average price of C$54.75 per share, for a total transaction of C$136,876.00. Also, Senior Officer Kevin Price purchased 500 shares of Methanex stock in a transaction on Thursday, September 12th. The stock was bought at an average price of C$50.69 per share, with a total value of C$25,347.00. Over the last 90 days, insiders have bought 4,953 shares of company stock valued at $262,064. 0.35% of the stock is owned by company insiders.

About Methanex

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.