Equities Analysts Set Expectations for SQM FY2025 Earnings

Sociedad Quimica y Minera S.A. (NYSE:SQM) – Scotiabank reduced their FY2025 earnings per share estimates for Sociedad Quimica y Minera in a research note issued on Monday, November 24th. Scotiabank analyst B. Isaacson now expects that the basic materials company will post earnings per share of $2.42 for the year, down from their prior forecast of $2.54. Scotiabank has a “Sector Outperform” rating on the stock. The consensus estimate for Sociedad Quimica y Minera’s current full-year earnings is ($1.31) per share.

Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings data on Tuesday, November 18th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.06). Sociedad Quimica y Minera had a net margin of 11.29% and a return on equity of 9.09%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year.

Other analysts have also recently issued reports about the company. Bank of America lifted their price objective on Sociedad Quimica y Minera from $36.50 to $43.50 and gave the company an “underperform” rating in a research report on Tuesday, August 26th. Zacks Research upgraded Sociedad Quimica y Minera from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Itau BBA Securities started coverage on Sociedad Quimica y Minera in a report on Thursday, September 4th. They issued an “outperform” rating and a $55.00 price objective for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Sociedad Quimica y Minera in a research report on Wednesday, November 19th. Finally, Rothschild & Co Redburn began coverage on shares of Sociedad Quimica y Minera in a research report on Friday, October 24th. They issued a “neutral” rating and a $54.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Sociedad Quimica y Minera has an average rating of “Hold” and a consensus target price of $49.07.

Sociedad Quimica y Minera Trading Up 5.6%

Shares of SQM opened at $61.76 on Tuesday. Sociedad Quimica y Minera has a 1-year low of $29.36 and a 1-year high of $64.60. The company has a current ratio of 2.92, a quick ratio of 1.93 and a debt-to-equity ratio of 0.70. The firm’s 50-day moving average price is $47.59 and its 200-day moving average price is $41.51. The firm has a market capitalization of $17.64 billion, a price-to-earnings ratio of 36.98 and a beta of 1.14.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cerity Partners LLC purchased a new stake in shares of Sociedad Quimica y Minera during the first quarter valued at approximately $242,000. IFP Advisors Inc boosted its stake in Sociedad Quimica y Minera by 728.0% during the 1st quarter. IFP Advisors Inc now owns 1,242 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 1,092 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Sociedad Quimica y Minera by 58.3% in the 1st quarter. Allianz Asset Management GmbH now owns 190,000 shares of the basic materials company’s stock worth $7,549,000 after purchasing an additional 70,000 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Sociedad Quimica y Minera by 51.2% in the first quarter. Cetera Investment Advisers now owns 17,341 shares of the basic materials company’s stock worth $689,000 after purchasing an additional 5,873 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sociedad Quimica y Minera by 28.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 143,401 shares of the basic materials company’s stock valued at $5,697,000 after purchasing an additional 31,846 shares in the last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.

About Sociedad Quimica y Minera

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.