FY2024 EPS Estimates for Methanex Boosted by Raymond James

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities research analysts at Raymond James lifted their FY2024 earnings per share estimates for Methanex in a research note issued to investors on Tuesday, January 14th. Raymond James analyst S. Hansen now anticipates that the company will earn $5.12 per share for the year, up from their prior 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 released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.65 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of C$1.26 billion.

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

Methanex Stock Performance

Shares of TSE MX opened at C$71.96 on Thursday. The company has a debt-to-equity ratio of 131.58, a current ratio of 1.25 and a quick ratio of 1.59. Methanex has a one year low of C$49.21 and a one year high of C$74.25. The business’s 50-day moving average price is C$65.89 and its two-hundred day moving average price is C$62.28. The company has a market capitalization of C$4.85 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79.

Insider Transactions at Methanex

In related news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of Methanex stock in a transaction on 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 corporate 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.