Methanex Co. (TSE:MX – Free Report) (NASDAQ:MEOH) – Equities research analysts at Scotiabank issued their Q2 2026 earnings per share (EPS) estimates for shares of Methanex in a report issued on Tuesday, July 14th. Scotiabank analyst B. Isaacson anticipates that the company will earn $5.37 per share for the quarter. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share.
Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada downgraded shares of Methanex from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 1st. National Bank Financial raised shares of Methanex to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$60.00.
Methanex Stock Up 0.4%
MX stock opened at C$76.30 on Thursday. The stock has a market capitalization of C$5.90 billion, a P/E ratio of -104.52, a price-to-earnings-growth ratio of 0.44 and a beta of 0.63. The company has a current ratio of 1.96, a quick ratio of 1.59 and a debt-to-equity ratio of 143.44. Methanex has a 12 month low of C$44.57 and a 12 month high of C$92.97. The firm has a 50-day moving average price of C$77.83 and a 200-day moving average price of C$73.85.
Methanex (TSE:MX – Get Free Report) (NASDAQ:MEOH) last released its earnings results on Wednesday, April 29th. The company reported C$0.42 earnings per share (EPS) for the quarter. Methanex had a negative return on equity of 1.84% and a negative net margin of 1.26%.The firm had revenue of C$1.35 billion for the quarter.
Insider Buying and Selling
In other news, insider Sunil Jagwani bought 745 shares of the company’s stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of C$82.36 per share, for a total transaction of C$61,358.20. Following the completion of the transaction, the insider owned 2,600,200 shares of the company’s stock, valued at C$214,152,472. This trade represents a 0.03% increase in their ownership of the stock. Also, insider Kyung Wan (Fred) Lee sold 7,975 shares of Methanex stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$88.02, for a total value of C$701,959.50. Following the sale, the insider directly owned 5,025 shares in the company, valued at C$442,300.50. The trade was a 61.35% decrease in their ownership of the stock. In the last 90 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 currently 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.
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