Scotiabank Has Bullish Forecast for Methanex FY2025 Earnings

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities research analysts at Scotiabank upped their FY2025 earnings per share estimates for shares of Methanex in a research report issued on Wednesday, January 8th. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings per share of $4.85 for the year, up from their prior estimate of $4.41. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share. Scotiabank also issued estimates for Methanex’s FY2026 earnings at $4.52 EPS.

A number of other analysts have also recently weighed in on MX. Cibc World Mkts upgraded shares of Methanex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Tudor Pickering upgraded Methanex to a “strong-buy” rating in a report on Wednesday, September 11th.

Methanex Stock Performance

TSE:MX opened at C$69.71 on Thursday. The company has a 50-day moving average of C$64.68 and a 200-day moving average of C$62.19. The firm has a market cap of C$4.70 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79. The company has a current ratio of 1.25, a quick ratio of 1.59 and a debt-to-equity ratio of 131.58. Methanex has a twelve month low of C$49.21 and a twelve month high of C$74.25.

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

Insider Buying and Selling at Methanex

In other news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of Methanex stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$65.39, for a total transaction of C$504,818.52. Insiders own 0.35% of the company’s stock.

Methanex Company Profile

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.