What is Scotiabank’s Forecast for Methanex FY2026 Earnings?

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities research analysts at Scotiabank cut their FY2026 EPS estimates for shares of Methanex in a report released on Wednesday, May 6th. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings of $10.37 per share for the year, down from their previous estimate of $12.11. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share. Scotiabank also issued estimates for Methanex’s FY2027 earnings at $7.90 EPS.

A number of other brokerages also recently issued reports on MX. Raymond James Financial downgraded Methanex from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada cut shares of Methanex from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Finally, Canadian Imperial Bank of Commerce lowered shares of Methanex from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.00.

Methanex Price Performance

TSE:MX opened at C$83.80 on Friday. Methanex has a 52 week low of C$43.27 and a 52 week high of C$92.97. The stock’s fifty day moving average is C$78.69 and its two-hundred day moving average is C$64.80. The company has a market capitalization of C$6.48 billion, a P/E ratio of -114.79, a P/E/G ratio of 0.44 and a beta of 0.65. The company has a quick ratio of 1.59, a current ratio of 1.96 and a debt-to-equity ratio of 143.44.

Methanex (TSE:MX) (NASDAQ:MEOH) last issued its quarterly earnings data on Thursday, March 5th. The company reported C($0.19) earnings per share for the quarter. The business had revenue of C$1.28 billion during the quarter. Methanex had a negative return on equity of 1.84% and a negative net margin of 1.26%.

Insiders Place Their Bets

In other news, insider Mark Allard sold 2,000 shares of the firm’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of C$86.00, for a total transaction of C$172,000.00. Following the completion of the transaction, the insider directly owned 16,604 shares in the company, valued at C$1,427,944. This trade represents a 10.75% decrease in their ownership of the stock. Also, insider Sergio Almarza sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$86.06, for a total value of C$387,270.00. Following the transaction, the insider owned 11,570 shares of the company’s stock, valued at C$995,714.20. This trade represents a 28.00% decrease in their ownership of the stock. Insiders have sold 7,500 shares of company stock worth $645,510 over the last 90 days. 0.35% of the stock is owned by insiders.

Methanex Company Profile

Methanex Corp manufactures and sells methanol. Methanex’s customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.