Scotiabank Issues Pessimistic Forecast for Methanex Earnings

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Investment analysts at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for Methanex in a research report issued to clients and investors on Thursday, March 12th. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings per share of $5.00 for the year, down from their prior estimate of $6.18. 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 $5.22 EPS.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its quarterly earnings data on Thursday, March 5th. The company reported C($0.19) EPS for the quarter. The firm had revenue of C$1.28 billion during the quarter. Methanex had a return on equity of 3.18% and a net margin of 2.19%.

MX has been the subject of several other reports. Raymond James Financial downgraded shares of Methanex from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Canadian Imperial Bank of Commerce downgraded shares of Methanex from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Methanex currently has an average rating of “Moderate Buy” and a consensus price target of C$50.00.

Methanex Stock Down 3.0%

MX opened at C$68.88 on Monday. Methanex has a 1 year low of C$36.10 and a 1 year high of C$80.44. The firm has a 50 day moving average price of C$66.99 and a 200 day moving average price of C$57.49. The company has a debt-to-equity ratio of 143.59, a quick ratio of 1.59 and a current ratio of 2.06. The company has a market cap of C$5.33 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 0.44 and a beta of 1.06.

About Methanex

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.