Raymond James Issues Positive Outlook for Methanex Earnings

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Stock analysts at Raymond James upped their FY2024 earnings per share (EPS) estimates for Methanex in a report issued on Tuesday, January 14th. Raymond James analyst S. Hansen now expects that the company will earn $5.12 per share for the year, up from their previous forecast of $4.82. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share. Raymond James also issued estimates for Methanex’s Q3 2025 earnings at $1.44 EPS.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its earnings results on Wednesday, November 6th. The company reported C$1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.60 by C$1.05. The business had revenue of C$1.28 billion for the quarter, compared to analyst estimates of C$1.26 billion. Methanex had a return on equity of 10.21% and a net margin of 4.06%.

Separately, Cibc World Mkts raised shares of Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

Methanex Stock Up 1.3 %

Shares of TSE:MX opened at C$71.96 on Thursday. The firm has a market cap of C$4.85 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79. The company has a fifty day simple moving average of C$65.89 and a 200 day simple moving average of C$62.28. The company has a current ratio of 1.25, a quick ratio of 1.59 and a debt-to-equity ratio of 131.58. Methanex has a 12-month low of C$49.21 and a 12-month high of C$74.25.

Insider Buying and Selling at Methanex

In related news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$65.39, for a total value of C$504,818.52. 0.35% of the stock is currently owned by company insiders.

Methanex Company Profile

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.