Equities Analysts Offer Predictions for Methanex Q4 Earnings

Methanex Co. (NASDAQ:MEOH) (TSE:MX) – Zacks Research lifted their Q4 2024 earnings estimates for Methanex in a research note issued to investors on Monday, November 25th. Zacks Research analyst R. Department now anticipates that the specialty chemicals company will post earnings of $0.65 per share for the quarter, up from their prior estimate of $0.64. The consensus estimate for Methanex’s current full-year earnings is $2.93 per share. Zacks Research also issued estimates for Methanex’s Q1 2025 earnings at $0.89 EPS.

Other equities analysts have also recently issued research reports about the stock. Raymond James cut their target price on shares of Methanex from $62.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. Barclays lifted their target price on shares of Methanex from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. StockNews.com raised shares of Methanex from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $55.00 price objective on shares of Methanex in a research report on Tuesday, September 3rd. Finally, UBS Group cut their price objective on shares of Methanex from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.88.

Methanex Stock Performance

Shares of MEOH opened at $46.29 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.01 and a debt-to-equity ratio of 0.79. The stock has a market cap of $3.12 billion, a P/E ratio of 21.63 and a beta of 1.36. The company has a 50-day moving average of $41.81 and a two-hundred day moving average of $45.57. Methanex has a 12-month low of $36.13 and a 12-month high of $56.43.

Methanex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, December 17th. Methanex’s dividend payout ratio (DPR) is 34.58%.

Hedge Funds Weigh In On Methanex

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in Methanex during the third quarter worth approximately $40,000. Blue Trust Inc. increased its position in Methanex by 52,500.0% during the second quarter. Blue Trust Inc. now owns 1,578 shares of the specialty chemicals company’s stock worth $70,000 after purchasing an additional 1,575 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Methanex by 572.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the specialty chemicals company’s stock worth $93,000 after buying an additional 1,626 shares during the period. Squarepoint Ops LLC purchased a new stake in Methanex during the second quarter worth approximately $201,000. Finally, Value Partners Investments Inc. grew its stake in Methanex by 13.3% during the second quarter. Value Partners Investments Inc. now owns 5,110 shares of the specialty chemicals company’s stock worth $247,000 after buying an additional 599 shares during the period. Institutional investors and hedge funds own 73.49% of the company’s stock.

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.