Scotiabank Has Positive Outlook of Methanex FY2026 Earnings

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Investment analysts at Scotiabank lifted their FY2026 earnings estimates for shares of Methanex in a note issued to investors on Wednesday, July 15th. Scotiabank analyst B. Isaacson now forecasts that the company will earn $11.27 per share for the year, up from their prior forecast of $10.37. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.42 earnings per share for the quarter. The business had revenue of C$1.35 billion for the quarter. Methanex had a negative net margin of 1.26% and a negative return on equity of 1.84%.

A number of other research analysts have also weighed in on MX. Canadian Imperial Bank of Commerce upgraded Methanex from a “hold” rating to a “strong-buy” rating in a report on Monday. National Bank Financial upgraded Methanex to a “strong-buy” rating in a report on Monday, July 13th. Finally, Royal Bank Of Canada lowered Methanex from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$60.00.

Methanex Stock Performance

Shares of MX opened at C$77.73 on Monday. The firm has a market capitalization of C$6.01 billion, a P/E ratio of -106.48, a P/E/G ratio of 0.44 and a beta of 0.63. Methanex has a 52 week low of C$44.57 and a 52 week high of C$92.97. The stock has a 50 day moving average price of C$77.13 and a two-hundred day moving average price of C$74.46. The company has a debt-to-equity ratio of 143.44, a quick ratio of 1.59 and a current ratio of 1.96.

Insider Buying and Selling

In other Methanex news, insider Sergio Almarza sold 4,500 shares of the 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 completion of the sale, the insider owned 11,570 shares in the company, valued at approximately C$995,714.20. This trade represents a 28.00% decrease in their position. Also, insider Sunil Jagwani acquired 43,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of C$82.62 per share, with a total value of C$3,552,660.00. Following the purchase, the insider owned 2,571,000 shares in the company, valued at approximately C$212,416,020. The trade was a 1.70% increase in their position. Over the last ninety days, insiders have bought 278,000 shares of company stock worth $23,636,345 and have sold 13,475 shares worth $1,175,470. 0.35% of the stock is owned by corporate 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.