What is Zacks Research’s Forecast for Methanex Q4 Earnings?

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities research analysts at Zacks Research boosted their Q4 2024 earnings per share estimates for shares of Methanex in a report issued on Monday, November 25th. Zacks Research analyst R. Department now expects that the company will post earnings of $0.91 per share for the quarter, up from their prior estimate of $0.89. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share. Zacks Research also issued estimates for Methanex’s Q1 2025 earnings at $1.24 EPS.

Several other brokerages have also issued reports on MX. Tudor Pickering upgraded Methanex to a “strong-buy” rating in a research report on Wednesday, September 11th. Piper Sandler upgraded Methanex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, Barclays lowered Methanex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 10th.

Methanex Price Performance

Methanex stock opened at C$65.27 on Wednesday. The firm has a market capitalization of C$4.40 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79. Methanex has a 12-month low of C$49.21 and a 12-month high of C$74.25. The firm has a 50-day moving average price of C$57.74 and a 200-day moving average price of C$62.60. 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 (TSE:MX) (NASDAQ:MEOH) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.65 EPS for the quarter, topping the consensus estimate 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 company had revenue of C$1.28 billion during the quarter, compared to analyst estimates of C$1.26 billion.

Insiders Place Their Bets

In other Methanex news, Director Leslie O’donoghue acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was bought at an average cost of C$54.75 per share, with a total value of C$136,876.00. Also, Director Dean Richardson bought 1,500 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average cost of C$50.52 per share, for a total transaction of C$75,780.00. Insiders have purchased 4,953 shares of company stock worth $262,064 in the last three months. Corporate 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.