Zacks: Brokerages Expect Sociedad Quimica y Minera de Chile (SQM) Will Post Earnings of $0.39 Per Share

Brokerages expect that Sociedad Quimica y Minera de Chile (NYSE:SQM) will announce earnings of $0.39 per share for the current quarter, Zacks reports. Two analysts have made estimates for Sociedad Quimica y Minera de Chile’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.29. Sociedad Quimica y Minera de Chile reported earnings of $0.43 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.3%. The business is expected to report its next quarterly earnings results on Thursday, May 23rd.

On average, analysts expect that Sociedad Quimica y Minera de Chile will report full year earnings of $1.79 per share for the current year, with EPS estimates ranging from $1.37 to $2.30. For the next year, analysts forecast that the business will post earnings of $2.19 per share, with EPS estimates ranging from $1.85 to $2.95. Zacks’ EPS averages are an average based on a survey of research analysts that cover Sociedad Quimica y Minera de Chile.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its earnings results on Thursday, February 28th. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). The firm had revenue of $565.20 million during the quarter, compared to the consensus estimate of $560.66 million. Sociedad Quimica y Minera de Chile had a return on equity of 20.29% and a net margin of 19.41%.

Several research analysts recently weighed in on SQM shares. Zacks Investment Research raised shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Saturday, January 19th. Deutsche Bank downgraded shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a report on Monday, February 25th. Bank of America downgraded shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating in a report on Thursday, March 7th. Citigroup downgraded shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $53.00 to $41.00 in a report on Tuesday, March 5th. Finally, TheStreet downgraded shares of Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $45.43.

Sociedad Quimica y Minera de Chile stock traded down $0.50 during mid-day trading on Monday, hitting $37.27. The stock had a trading volume of 512,961 shares, compared to its average volume of 764,002. The company has a market capitalization of $9.98 billion, a P/E ratio of 22.32, a P/E/G ratio of 1.54 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.67 and a current ratio of 4.32. Sociedad Quimica y Minera de Chile has a one year low of $36.57 and a one year high of $58.69.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Two Sigma Advisers LP boosted its holdings in shares of Sociedad Quimica y Minera de Chile by 0.8% during the 4th quarter. Two Sigma Advisers LP now owns 443,274 shares of the basic materials company’s stock valued at $16,977,000 after purchasing an additional 3,700 shares during the last quarter. Scotia Capital Inc. raised its position in shares of Sociedad Quimica y Minera de Chile by 31.4% during the 4th quarter. Scotia Capital Inc. now owns 25,319 shares of the basic materials company’s stock valued at $970,000 after buying an additional 6,048 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Sociedad Quimica y Minera de Chile by 8.0% during the 4th quarter. Advisors Asset Management Inc. now owns 45,988 shares of the basic materials company’s stock valued at $1,761,000 after buying an additional 3,405 shares in the last quarter. FMR LLC raised its position in shares of Sociedad Quimica y Minera de Chile by 106.9% during the 4th quarter. FMR LLC now owns 2,126,310 shares of the basic materials company’s stock valued at $81,438,000 after buying an additional 1,098,410 shares in the last quarter. Finally, Krane Funds Advisors LLC raised its position in shares of Sociedad Quimica y Minera de Chile by 7.9% during the 3rd quarter. Krane Funds Advisors LLC now owns 10,858 shares of the basic materials company’s stock valued at $496,000 after buying an additional 795 shares in the last quarter. 11.09% of the stock is owned by institutional investors and hedge funds.

About Sociedad Quimica y Minera de Chile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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