Zacks: Brokerages Expect Sociedad Quimica y Minera de Chile (SQM) to Announce $0.43 Earnings Per Share

Analysts expect that Sociedad Quimica y Minera de Chile (NYSE:SQM) will report earnings per share of $0.43 for the current quarter, according to Zacks. Two analysts have made estimates for Sociedad Quimica y Minera de Chile’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.42. Sociedad Quimica y Minera de Chile posted earnings per share of $0.31 in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.7%. The business is scheduled to announce its next earnings results 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 year, with EPS estimates ranging from $1.63 to $1.70. For the next financial year, analysts expect that the firm will post earnings of $1.80 per share, with EPS estimates ranging from $1.64 to $2.09. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Sociedad Quimica y Minera de Chile.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its earnings results on Wednesday, November 22nd. The basic materials company reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. Sociedad Quimica y Minera de Chile had a return on equity of 17.58% and a net margin of 18.52%. The company had revenue of $558.70 million for the quarter, compared to the consensus estimate of $515.15 million.

A number of research firms have weighed in on SQM. Zacks Investment Research downgraded Sociedad Quimica y Minera de Chile from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Scotiabank reissued a “hold” rating and issued a $60.00 target price on shares of Sociedad Quimica y Minera de Chile in a report on Thursday, January 18th. Deutsche Bank raised Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and increased their target price for the company from $52.00 to $70.00 in a report on Thursday, January 18th. Citigroup raised Sociedad Quimica y Minera de Chile from a “neutral” rating to a “buy” rating in a report on Wednesday, January 17th. Finally, ValuEngine downgraded Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. Sociedad Quimica y Minera de Chile has a consensus rating of “Hold” and a consensus price target of $58.58.

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Personal Financial Services raised its stake in shares of Sociedad Quimica y Minera de Chile by 326.7% in the fourth quarter. First Personal Financial Services now owns 2,223 shares of the basic materials company’s stock worth $132,000 after buying an additional 1,702 shares during the period. FNY Partners Fund LP raised its stake in shares of Sociedad Quimica y Minera de Chile by 42,957.1% in the fourth quarter. FNY Partners Fund LP now owns 3,000 shares of the basic materials company’s stock worth $178,000 after buying an additional 3,007 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Sociedad Quimica y Minera de Chile in the second quarter worth about $204,000. Raymond James Trust N.A. bought a new position in shares of Sociedad Quimica y Minera de Chile in the third quarter worth about $220,000. Finally, Laurel Wealth Advisors Inc. raised its stake in shares of Sociedad Quimica y Minera de Chile by 6.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 6,824 shares of the basic materials company’s stock worth $225,000 after buying an additional 423 shares during the period. 11.92% of the stock is currently owned by hedge funds and other institutional investors.

Sociedad Quimica y Minera de Chile (NYSE SQM) opened at $55.90 on Friday. Sociedad Quimica y Minera de Chile has a 1-year low of $30.82 and a 1-year high of $64.20. 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 $15,110.00, a PE ratio of 37.02, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00.

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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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