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

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Investment analysts at Zacks Research increased their Q4 2024 earnings estimates for Methanex in a research note issued to investors on Monday, November 25th. Zacks Research analyst R. Department now expects that the company will post earnings of $0.91 per share for the quarter, up from their prior 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 EPS for the quarter, topping analysts’ consensus estimates of C$0.60 by C$1.05. Methanex had a net margin of 4.06% and a return on equity of 10.21%. The firm had revenue of C$1.28 billion during the quarter, compared to analysts’ expectations of C$1.26 billion.

MX has been the subject of a number of other research reports. Barclays cut shares of Methanex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Tudor Pickering raised shares of Methanex to a “strong-buy” rating in a research report on Wednesday, September 11th. Finally, Piper Sandler raised shares of Methanex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th.

Methanex Trading Down 0.7 %

Shares of Methanex stock opened at C$65.12 on Wednesday. The firm has a 50-day moving average of C$57.48 and a 200-day moving average of C$62.63. The stock has a market cap of C$4.39 billion, a PE ratio of 22.38, a PEG ratio of 0.44 and a beta of 1.79. Methanex has a 52-week low of C$49.21 and a 52-week high of C$74.25. The company has a debt-to-equity ratio of 131.58, a quick ratio of 1.59 and a current ratio of 1.25.

Insider Buying and Selling

In other news, Director Dean Richardson acquired 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average price of C$50.52 per share, with a total value of C$75,780.00. Also, Director Leslie O’donoghue acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were purchased at an average cost of C$54.75 per share, with a total value of C$136,876.00. Insiders bought 4,953 shares of company stock valued at $262,064 over the last quarter. 0.35% of the stock is 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.