Zacks Research Issues Positive Outlook for Methanex Earnings

Methanex Co. (NASDAQ:MEOH) (TSE:MX) – Equities researchers at Zacks Research raised their FY2024 earnings estimates for shares of Methanex in a report issued on Monday, November 25th. Zacks Research analyst R. Department now forecasts that the specialty chemicals company will post earnings per share of $3.03 for the year, up from their previous forecast of $2.10. The consensus estimate for Methanex’s current full-year earnings is $2.93 per share. Zacks Research also issued estimates for Methanex’s Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.66 EPS, Q4 2025 earnings at $1.63 EPS, FY2025 earnings at $3.50 EPS, Q1 2026 earnings at $0.54 EPS, Q2 2026 earnings at $1.54 EPS, Q3 2026 earnings at $1.39 EPS and FY2026 earnings at $4.60 EPS.

A number of other equities analysts have also issued reports on the company. Barclays increased their price objective on Methanex from $44.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. StockNews.com raised Methanex from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Piper Sandler lifted their price objective on shares of Methanex from $68.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Raymond James decreased their target price on shares of Methanex from $62.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $55.00 price target on shares of Methanex in a research report on Tuesday, September 3rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.88.

Methanex Price Performance

NASDAQ MEOH opened at $46.52 on Thursday. The company has a 50-day moving average price of $42.07 and a two-hundred day moving average price of $45.58. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 21.74 and a beta of 1.36. The company has a current ratio of 1.34, a quick ratio of 1.01 and a debt-to-equity ratio of 0.79. Methanex has a 52 week low of $36.13 and a 52 week high of $56.43.

Hedge Funds Weigh In On Methanex

A number of hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in Methanex during the third quarter valued at about $40,000. Barclays PLC grew its stake in Methanex by 64.9% during the 3rd quarter. Barclays PLC now owns 20,447 shares of the specialty chemicals company’s stock valued at $845,000 after acquiring an additional 8,047 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Methanex by 7.8% during the third quarter. Toronto Dominion Bank now owns 35,819 shares of the specialty chemicals company’s stock worth $1,481,000 after purchasing an additional 2,590 shares during the period. Geode Capital Management LLC increased its stake in Methanex by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 104,871 shares of the specialty chemicals company’s stock valued at $4,340,000 after buying an additional 1,203 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Methanex during the 3rd quarter valued at $1,092,000. 73.49% of the stock is currently owned by institutional investors and hedge funds.

Methanex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.185 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.74 annualized dividend and a yield of 1.59%. Methanex’s dividend payout ratio (DPR) is 34.58%.

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.