Q2 Earnings Estimate for Methanex Issued By Scotiabank

Methanex Corporation (NASDAQ:MEOHFree Report) (TSE:MX) – Stock analysts at Scotiabank issued their Q2 2026 earnings estimates for shares of Methanex in a research note issued on Tuesday, July 14th. Scotiabank analyst B. Isaacson expects that the specialty chemicals company will earn $3.78 per share for the quarter. Scotiabank has a “Outperform” rating and a $80.00 price objective on the stock. The consensus estimate for Methanex’s current full-year earnings is $8.18 per share.

Methanex (NASDAQ:MEOHGet Free Report) (TSE:MX) last released its quarterly earnings results on Wednesday, April 29th. The specialty chemicals company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.08). The firm had revenue of $957.42 million for the quarter, compared to analyst estimates of $964.76 million. Methanex had a positive return on equity of 2.96% and a negative net margin of 1.25%.Methanex’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 earnings per share.

MEOH has been the topic of a number of other research reports. Zacks Research lowered shares of Methanex from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. BMO Capital Markets boosted their price target on Methanex from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Wall Street Zen lowered Methanex from a “buy” rating to a “hold” rating in a research note on Sunday. Raymond James Financial raised their price objective on Methanex from $52.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, April 16th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $69.00 price objective on shares of Methanex in a research report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $68.78.

Check Out Our Latest Analysis on Methanex

Methanex Stock Performance

NASDAQ:MEOH opened at $54.38 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.96 and a quick ratio of 1.26. The firm has a market cap of $4.21 billion, a PE ratio of -110.98 and a beta of 0.60. The firm has a 50 day simple moving average of $55.72 and a 200-day simple moving average of $53.47. Methanex has a 1-year low of $32.00 and a 1-year high of $66.75.

Methanex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.185 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.74 annualized dividend and a dividend yield of 1.4%. Methanex’s payout ratio is currently -151.02%.

Institutional Trading of Methanex

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealth High Governance Capital Ltda purchased a new position in shares of Methanex in the 1st quarter worth $2,507,000. Wealth High Governance Asset Management Ltda. purchased a new stake in Methanex during the first quarter valued at about $2,131,000. Bank of America Corp DE grew its position in Methanex by 202.3% during the first quarter. Bank of America Corp DE now owns 681,407 shares of the specialty chemicals company’s stock valued at $40,571,000 after acquiring an additional 455,975 shares during the period. Amundi increased its stake in Methanex by 14.3% during the first quarter. Amundi now owns 76,469 shares of the specialty chemicals company’s stock worth $4,553,000 after acquiring an additional 9,550 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in Methanex during the first quarter worth about $252,000. 73.49% of the stock is currently owned by institutional investors and hedge funds.

About Methanex

(Get Free Report)

Methanex Corporation is a Vancouver, Canada–based company and one of the world’s largest producers and suppliers of methanol. The company manufactures methanol, a key feedstock for a wide range of chemical products and industrial applications. Methanex markets its product to customers in energy, plastics, paints and coatings, and various chemical sectors, positioning the company as a critical link in the global supply chain for basic chemicals.

The company’s core product, methanol, serves as a building block for downstream chemicals such as formaldehyde, acetic acid and methyl tertiary butyl ether (MTBE).

Recommended Stories

Earnings History and Estimates for Methanex (NASDAQ:MEOH)

Receive News & Ratings for Methanex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex and related companies with MarketBeat.com's FREE daily email newsletter.