What is Zacks Research’s Forecast for Methanex Q4 Earnings?

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities research analysts at Zacks Research boosted their Q4 2024 earnings per share (EPS) estimates for Methanex in a research note issued to investors on Monday, November 25th. Zacks Research analyst R. Department now anticipates that the company will earn $0.91 per share for the quarter, up from their previous forecast of $0.89. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share. Zacks Research also issued estimates for Methanex’s Q1 2025 earnings at $1.24 EPS.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.60 by C$1.05. Methanex had a return on equity of 10.21% and a net margin of 4.06%. The company had revenue of C$1.28 billion during the quarter, compared to the consensus estimate of C$1.26 billion.

Other research analysts also recently issued research reports about the company. Piper Sandler raised Methanex from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Tudor Pickering raised Methanex to a “strong-buy” rating in a research note on Wednesday, September 11th. Finally, Barclays cut Methanex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th.

Methanex Stock Performance

Methanex stock opened at C$65.12 on Wednesday. The business has a 50 day moving average of C$57.48 and a 200-day moving average of C$62.63. Methanex has a 1 year low of C$49.21 and a 1 year high of C$74.25. The company has a debt-to-equity ratio of 131.58, a current ratio of 1.25 and a quick ratio of 1.59. The company has a market capitalization of C$4.39 billion, a P/E ratio of 22.38, a P/E/G ratio of 0.44 and a beta of 1.79.

Insider Activity at Methanex

In other Methanex news, Senior Officer Kevin Price purchased 500 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of C$50.69 per share, for a total transaction of C$25,347.00. Also, Director Dean Richardson purchased 1,500 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average price of C$50.52 per share, for a total transaction of C$75,780.00. Insiders have purchased 4,953 shares of company stock worth $262,064 over the last ninety days. Insiders own 0.35% of the company’s stock.

About Methanex

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.