What is Scotiabank’s Forecast for Methanex FY2026 Earnings?

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Research analysts at Scotiabank raised their FY2026 earnings estimates for shares of Methanex in a research note issued to investors on Tuesday, October 13th. Scotiabank analyst B. Isaacson now forecasts that the company will earn $12.13 per share for the year, up from their previous estimate of $10.65. 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 $8.81 EPS.

A number of other research firms have also 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 note on Monday, July 20th. National Bank Financial raised shares of Methanex to a “strong-buy” rating in a report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$60.00.

Methanex Stock Performance

Shares of TSE MX opened at C$90.25 on Friday. 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 12 month low of C$45.01 and a 12 month high of C$92.97. The company has a 50 day simple moving average of C$83.14 and a two-hundred day simple moving average of C$80.51. The stock has a market cap of C$6.98 billion, a price-to-earnings ratio of 102.56, a PEG ratio of 0.44 and a beta of 0.66.

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

Insider Buying and Selling at Methanex

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

Methanex Company Profile

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.