FY2026 Earnings Estimate for Methanex Issued By Scotiabank

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities researchers at Scotiabank dropped their FY2026 EPS estimates for shares of Methanex in a research note issued on Friday, May 1st. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings per share of $12.11 for the year, down from their prior estimate of $12.79. 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 $7.44 EPS.

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

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

Methanex Price Performance

Shares of TSE:MX opened at C$89.55 on Wednesday. The business has a 50 day moving average price of C$77.98 and a 200 day moving average price of C$64.29. Methanex has a twelve month low of C$43.27 and a twelve month high of C$92.97. The company has a market cap of C$6.93 billion, a price-to-earnings ratio of -122.67, a PEG 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.

Insider Buying and Selling

In other Methanex news, insider Mark Allard sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of C$86.00, for a total value of C$172,000.00. Following the completion of the transaction, the insider owned 16,604 shares of the company’s stock, valued at C$1,427,944. This represents a 10.75% decrease in their position. 0.35% of the stock is currently owned by company 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.