Wall Street analysts expect Sociedad Quimica y Minera S.A. (NYSE:SQM) to announce earnings per share (EPS) of $0.44 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Sociedad Quimica y Minera’s earnings. Sociedad Quimica y Minera reported earnings per share of $0.31 during the same quarter last year, which suggests a positive year-over-year growth rate of 41.9%. The business is expected to issue its next quarterly earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that Sociedad Quimica y Minera will report full-year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.69. For the next fiscal year, analysts forecast that the firm will report earnings of $1.98 per share, with EPS estimates ranging from $1.90 to $2.03. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Sociedad Quimica y Minera.

SQM has been the topic of several analyst reports. BMO Capital Markets increased their target price on shares of Sociedad Quimica y Minera to $60.00 and gave the stock an “average” rating in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Saturday, November 18th. Bank of America raised shares of Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 13th. ValuEngine downgraded shares of Sociedad Quimica y Minera from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Santander raised shares of Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a research report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Sociedad Quimica y Minera has an average rating of “Buy” and an average price target of $50.22.

Sociedad Quimica y Minera (SQM) traded up $1.74 during trading on Thursday, reaching $51.94. 1,417,564 shares of the company’s stock traded hands, compared to its average volume of 976,657. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.79 and a quick ratio of 2.31. The firm has a market capitalization of $14,250.00, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 0.97 and a beta of 1.01. Sociedad Quimica y Minera has a 52-week low of $26.68 and a 52-week high of $63.80.

Large investors have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI grew its position in shares of Sociedad Quimica y Minera by 15.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 104,100 shares of the basic materials company’s stock valued at $3,437,000 after purchasing an additional 14,100 shares during the last quarter. Sei Investments Co. grew its position in shares of Sociedad Quimica y Minera by 185.9% in the second quarter. Sei Investments Co. now owns 74,012 shares of the basic materials company’s stock valued at $2,444,000 after purchasing an additional 48,124 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Sociedad Quimica y Minera by 81.8% in the second quarter. Advisors Asset Management Inc. now owns 28,595 shares of the basic materials company’s stock valued at $944,000 after purchasing an additional 12,866 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in shares of Sociedad Quimica y Minera by 19.1% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 14,349 shares of the basic materials company’s stock valued at $798,000 after purchasing an additional 2,299 shares during the last quarter. Finally, Citigroup Inc. grew its position in shares of Sociedad Quimica y Minera by 2,867.0% in the second quarter. Citigroup Inc. now owns 85,688 shares of the basic materials company’s stock valued at $2,830,000 after purchasing an additional 82,800 shares during the last quarter. 12.74% of the stock is currently owned by institutional investors.

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About Sociedad Quimica y Minera

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

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