What is Scotiabank’s Forecast for Methanex FY2026 Earnings?

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities research analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for Methanex in a research report issued to clients and investors on Thursday, October 1st. Scotiabank analyst B. Isaacson now forecasts that the company will earn $10.65 per share for the year, down from their prior 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 have also recently issued reports on MX. Canadian Imperial Bank of Commerce upgraded Methanex from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. National Bank Financial upgraded Methanex to a “strong-buy” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$60.00.

Methanex Stock Performance

TSE MX opened at C$89.82 on Monday. The stock’s fifty day moving average is C$82.51 and its two-hundred day moving average is C$80.45. The firm has a market capitalization of C$6.95 billion, a P/E ratio of 102.07, a price-to-earnings-growth ratio of 0.44 and a beta of 0.66. The company has a debt-to-equity ratio of 122.11, a quick ratio of 1.59 and a current ratio of 2.07. Methanex has a fifty-two week low of C$45.01 and a fifty-two week high of C$92.97.

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

Insider Buying and Selling

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

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.