Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Expected to Announce Quarterly Sales of $1.28 Billion

Analysts expect Sociedad Química y Minera de Chile S.A. (NYSE:SQMGet Rating) to report sales of $1.28 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Sociedad Química y Minera de Chile’s earnings. The lowest sales estimate is $1.12 billion and the highest is $1.42 billion. Sociedad Química y Minera de Chile reported sales of $528.50 million during the same quarter last year, which suggests a positive year-over-year growth rate of 142.2%. The business is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Sociedad Química y Minera de Chile will report full year sales of $5.86 billion for the current year, with estimates ranging from $4.29 billion to $7.38 billion. For the next fiscal year, analysts forecast that the firm will post sales of $6.13 billion, with estimates ranging from $4.60 billion to $9.72 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.16. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.01 billion. Sociedad Química y Minera de Chile had a return on equity of 19.57% and a net margin of 20.45%.

Several equities analysts have recently issued reports on SQM shares. Jefferies Financial Group boosted their target price on Sociedad Química y Minera de Chile from $60.00 to $65.00 in a research report on Thursday, February 10th. Morgan Stanley lowered Sociedad Química y Minera de Chile from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $58.00 to $70.00 in a research report on Thursday, March 31st. BMO Capital Markets boosted their price objective on Sociedad Química y Minera de Chile from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, March 4th. Bank of America lowered Sociedad Química y Minera de Chile from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $67.00 to $50.00 in a research report on Monday, December 20th. Finally, Scotiabank upgraded Sociedad Química y Minera de Chile from an “underperform” rating to a “sector perform” rating in a research report on Monday, March 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $74.56.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC bought a new stake in Sociedad Química y Minera de Chile in the 4th quarter valued at approximately $26,000. Stephenson National Bank & Trust bought a new stake in Sociedad Química y Minera de Chile in the 3rd quarter valued at approximately $32,000. Baldwin Brothers LLC MA bought a new stake in Sociedad Química y Minera de Chile in the 4th quarter valued at approximately $96,000. Daiwa Securities Group Inc. bought a new stake in Sociedad Química y Minera de Chile in the 3rd quarter valued at approximately $166,000. Finally, Confluence Investment Management LLC bought a new stake in shares of Sociedad Química y Minera de Chile during the 1st quarter worth approximately $271,000. Hedge funds and other institutional investors own 19.28% of the company’s stock.

Shares of Sociedad Química y Minera de Chile stock traded down $4.71 during trading on Friday, hitting $80.81. 79,435 shares of the company were exchanged, compared to its average volume of 1,610,187. The firm has a market capitalization of $21.27 billion, a P/E ratio of 41.31, a price-to-earnings-growth ratio of 0.36 and a beta of 0.70. Sociedad Química y Minera de Chile has a 1-year low of $40.53 and a 1-year high of $90.87. The firm’s fifty 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.

About Sociedad Química y Minera de Chile (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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