What is Scotiabank’s Forecast for Methanex FY2026 Earnings?

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Investment analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for Methanex in a research note issued on Thursday, October 1st. Scotiabank analyst B. Isaacson now expects that the company will post earnings of $10.65 per share for the year, down from their previous forecast of $11.27. 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 $7.11 EPS.

Several other analysts also recently weighed in on MX. Canadian Imperial Bank of Commerce upgraded shares of Methanex from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. National Bank Financial raised shares of Methanex to a “strong-buy” rating in a research report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Methanex currently has a consensus rating of “Buy” and an average price target of C$60.00.

Methanex Price Performance

MX stock opened at C$88.68 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.59 and a debt-to-equity ratio of 122.11. Methanex has a twelve month low of C$45.01 and a twelve month high of C$92.97. The company’s 50 day moving average is C$82.22 and its two-hundred day moving average is C$80.39. The stock has a market cap of C$6.86 billion, a P/E ratio of 100.77, a PEG ratio of 0.44 and a beta of 0.66.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C$5.50 earnings per share (EPS) for the quarter. The firm had revenue of C$1.98 billion during the quarter. Methanex had a return on equity of 3.50% and a net margin of 2.05%.

Insider Activity at Methanex

In other news, Director Alejandro Larrive sold 2,000 shares of Methanex stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of C$88.03, for a total transaction of C$176,060.00. Following the sale, the director owned 8,009 shares in the company, valued at approximately C$705,032.27. The trade was a 19.98% decrease in their ownership of the stock. Company insiders own 0.35% of the company’s stock.

About Methanex

Methanex is a Vancouver-based, publicly traded company and is the world’s largest supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol ‘MX’ and on the Nasdaq Global Select Market in the United States under the trading symbol ‘MEOH’. Methanex can be visited online at www.methanex.com.