Equities research analysts expect Sociedad Quimica y Minera de Chile (NYSE:SQM) to post $0.44 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Sociedad Quimica y Minera de Chile’s earnings. Sociedad Quimica y Minera de Chile reported earnings of $0.31 per share in the same quarter last year, which would suggest a positive year over year growth rate of 41.9%. The business is expected to announce its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Sociedad Quimica y Minera de Chile will report full-year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.69. For the next financial year, analysts expect that the business will report earnings of $2.00 per share, with EPS estimates ranging from $1.90 to $2.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Sociedad Quimica y Minera de Chile.

SQM has been the topic of a number of recent research reports. BMO Capital Markets upped their price objective on Sociedad Quimica y Minera de Chile 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 Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Saturday, November 18th. Bank of America raised Sociedad Quimica y Minera de Chile from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 13th. Santander raised Sociedad Quimica y Minera de Chile from an “underperform” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Scotiabank set a $50.00 price objective on Sociedad Quimica y Minera de Chile and gave the stock a “hold” rating in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $50.18.

Shares of Sociedad Quimica y Minera de Chile (SQM) opened at $61.81 on Thursday. Sociedad Quimica y Minera de Chile has a 12-month low of $30.20 and a 12-month high of $63.80. 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 stock has a market capitalization of $15,890.00, a P/E ratio of 40.93, a price-to-earnings-growth ratio of 0.97 and a beta of 1.00.

Institutional investors have recently bought and sold shares of the company. Pacad Investment Ltd. purchased a new stake in shares of Sociedad Quimica y Minera de Chile during the second quarter worth $116,000. Acrospire Investment Management LLC grew its stake in shares of Sociedad Quimica y Minera de Chile by 307.5% during the second quarter. Acrospire Investment Management LLC now owns 5,298 shares of the basic materials company’s stock worth $175,000 after purchasing an additional 3,998 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Sociedad Quimica y Minera de Chile during the second quarter worth $204,000. Raymond James Trust N.A. acquired a new position in shares of Sociedad Quimica y Minera de Chile during the third quarter worth $220,000. Finally, Laurel Wealth Advisors Inc. grew its stake in shares of Sociedad Quimica y Minera de Chile by 6.6% during the second quarter. Laurel Wealth Advisors Inc. now owns 6,824 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 423 shares in the last quarter. 11.93% of the stock is currently owned by institutional investors and hedge funds.

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Sociedad Quimica y Minera de Chile Company Profile

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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