Zacks Research Forecasts Increased Earnings for Methanex

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Stock analysts at Zacks Research increased their FY2024 EPS estimates for Methanex in a research note issued to investors on Monday, November 25th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $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.

Other equities analysts have also recently issued reports about the company. Piper Sandler upgraded Methanex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Tudor Pickering raised shares of Methanex to a “strong-buy” rating in a research note on Wednesday, September 11th. Finally, Barclays cut shares of Methanex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 10th.

Methanex Price Performance

MX stock opened at C$65.44 on Thursday. Methanex has a 52-week low of C$49.21 and a 52-week high of C$74.25. The company has a quick ratio of 1.59, a current ratio of 1.25 and a debt-to-equity ratio of 131.58. The stock has a market cap of C$4.41 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79. The business has a fifty day moving average of C$57.98 and a two-hundred day moving average of C$62.58.

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, topping analysts’ consensus estimates of C$0.60 by C$1.05. Methanex had a net margin of 4.06% and a return on equity of 10.21%. The business had revenue of C$1.28 billion during the quarter, compared to the consensus estimate of C$1.26 billion.

Insider Transactions at Methanex

In other Methanex news, Director Leslie O’donoghue purchased 2,500 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were bought at an average cost of C$54.75 per share, for a total transaction of C$136,876.00. Also, Senior Officer Kevin Price bought 500 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average cost of C$50.69 per share, for a total transaction of C$25,347.00. Insiders bought a total of 4,953 shares of company stock worth $262,064 over the last ninety days. Company 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.