Brokerages Anticipate Sociedad Química y Minera de Chile S.A. (NYSE:SQM) to Announce $1.23 Earnings Per Share

Wall Street analysts expect that Sociedad Química y Minera de Chile S.A. (NYSE:SQMGet Rating) will report earnings of $1.23 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Sociedad Química y Minera de Chile’s earnings, with the highest EPS estimate coming in at $1.60 and the lowest estimate coming in at $0.96. Sociedad Química y Minera de Chile posted earnings of $0.26 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 373.1%. The firm is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Sociedad Química y Minera de Chile will report full-year earnings of $5.78 per share for the current year, with EPS estimates ranging from $3.90 to $8.75. For the next financial year, analysts forecast that the firm will post earnings of $6.17 per share, with EPS estimates ranging from $2.95 to $10.93. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Sociedad Química y Minera de Chile.

Sociedad Química y Minera de Chile (NYSE:SQMGet Rating) last posted its earnings results on Wednesday, March 2nd. The basic materials company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.16. Sociedad Química y Minera de Chile had a return on equity of 19.57% and a net margin of 20.45%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.01 billion.

A number of research firms have recently commented on SQM. Loop Capital began coverage on Sociedad Química y Minera de Chile in a research report on Monday, January 24th. They set a “buy” rating and a $102.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on Sociedad Química y Minera de Chile from $91.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, April 5th. Scotiabank raised Sociedad Química y Minera de Chile from an “underperform” rating to a “sector perform” rating in a report on Monday, March 14th. BMO Capital Markets increased their price target on Sociedad Química y Minera de Chile from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, March 4th. Finally, StockNews.com assumed coverage on Sociedad Química y Minera de Chile in a report on Thursday, March 31st. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.56.

Shares of SQM traded down $4.71 during midday trading on Wednesday, reaching $80.81. 79,435 shares of the stock were exchanged, compared to its average volume of 1,610,187. The business’s 50-day moving average price is $71.46 and its 200 day moving average price is $61.55. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.62 and a quick ratio of 3.43. Sociedad Química y Minera de Chile has a twelve month low of $40.53 and a twelve month high of $90.87. The company has a market capitalization of $21.27 billion, a price-to-earnings ratio of 41.31, a PEG ratio of 0.36 and a beta of 0.70.

Several hedge funds have recently made changes to their positions in SQM. Blue Bell Private Wealth Management LLC purchased a new position in shares of Sociedad Química y Minera de Chile in the fourth quarter valued at $26,000. Stephenson National Bank & Trust purchased a new stake in Sociedad Química y Minera de Chile during the 3rd quarter worth about $32,000. Baldwin Brothers LLC MA purchased a new stake in Sociedad Química y Minera de Chile during the 4th quarter worth about $96,000. Daiwa Securities Group Inc. purchased a new stake in Sociedad Química y Minera de Chile during the 3rd quarter worth about $166,000. Finally, HighTower Advisors LLC purchased a new stake in Sociedad Química y Minera de Chile during the 3rd quarter worth about $201,000. Institutional investors and hedge funds own 19.28% of the company’s stock.

Sociedad Química y Minera de Chile Company Profile (Get Rating)

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.

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Earnings History and Estimates for Sociedad Química y Minera de Chile (NYSE:SQM)

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