Zacks: Analysts Expect Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Will Announce Quarterly Sales of $1.28 Billion

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

According to Zacks, analysts expect that Sociedad Química y Minera de Chile will report full-year sales of $5.89 billion for the current year, with estimates ranging from $4.29 billion to $7.38 billion. For the next fiscal year, analysts expect that the firm will report sales of $6.13 billion, with estimates ranging from $4.60 billion to $9.72 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Sociedad Química y Minera de Chile.

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

Several research firms have issued reports on SQM. Loop Capital began coverage on shares of Sociedad Química y Minera de Chile in a research report on Monday, January 24th. They set a “buy” rating and a $102.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective 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 upgraded Sociedad Química y Minera de Chile from an “underperform” rating to a “sector perform” rating in a report on Monday, March 14th. StockNews.com assumed coverage on Sociedad Química y Minera de Chile in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley cut Sociedad Química y Minera de Chile from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $58.00 to $70.00 in a research note on Thursday, March 31st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.56.

NYSE SQM opened at $95.23 on Friday. The company has a current ratio of 4.62, a quick ratio of 3.43 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average price is $80.27 and its two-hundred day moving average price is $66.48. Sociedad Química y Minera de Chile has a 1 year low of $40.53 and a 1 year high of $96.50. The firm has a market capitalization of $25.06 billion, a P/E ratio of 46.01, a price-to-earnings-growth ratio of 0.34 and a beta of 0.77.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Friday, April 29th were given a dividend of $0.063 per share. The ex-dividend date of this dividend was Thursday, April 28th. This represents a $0.25 annualized dividend and a yield of 0.26%. Sociedad Química y Minera de Chile’s dividend payout ratio is currently 12.08%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP raised its position in Sociedad Química y Minera de Chile by 38.4% during the third quarter. Wellington Management Group LLP now owns 362,588 shares of the basic materials company’s stock valued at $19,478,000 after purchasing an additional 100,655 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Sociedad Química y Minera de Chile by 31.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,059 shares of the basic materials company’s stock valued at $205,000 after purchasing an additional 967 shares in the last quarter. Moore Capital Management LP acquired a new position in shares of Sociedad Química y Minera de Chile during the third quarter worth $2,320,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Sociedad Química y Minera de Chile by 1.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 17,000 shares of the basic materials company’s stock worth $857,000 after buying an additional 200 shares in the last quarter. Finally, Lester Murray Antman dba SimplyRich increased its holdings in shares of Sociedad Química y Minera de Chile by 14.6% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 13,385 shares of the basic materials company’s stock worth $675,000 after buying an additional 1,702 shares in the last quarter. Institutional investors and hedge funds own 19.99% 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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