$638.43 Million in Sales Expected for Sociedad Quimica y Minera de Chile (SQM) This Quarter

Equities analysts expect Sociedad Quimica y Minera de Chile (NYSE:SQM) to report $638.43 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Sociedad Quimica y Minera de Chile’s earnings. The lowest sales estimate is $577.40 million and the highest is $699.45 million. Sociedad Quimica y Minera de Chile reported sales of $574.80 million during the same quarter last year, which would suggest a positive year over year growth rate of 11.1%. The company is expected to report its next earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that Sociedad Quimica y Minera de Chile will report full-year sales of $2.40 billion for the current year, with estimates ranging from $2.28 billion to $2.47 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.62 billion, with estimates ranging from $2.46 billion to $2.80 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Sociedad Quimica y Minera de Chile.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its earnings results on Wednesday, November 21st. The basic materials company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.07). Sociedad Quimica y Minera de Chile had a net margin of 19.41% and a return on equity of 20.13%. The company had revenue of $543.20 million during the quarter, compared to analyst estimates of $596.76 million.

Several equities analysts have weighed in on the company. ValuEngine lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Monday, August 20th. Zacks Investment Research lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Friday, August 24th. Deutsche Bank set a $56.00 target price on Sociedad Quimica y Minera de Chile and gave the company a “buy” rating in a research note on Tuesday, October 2nd. BMO Capital Markets increased their target price on Sociedad Quimica y Minera de Chile to $50.00 and gave the company an “underperform” rating in a research note on Monday, August 27th. Finally, JPMorgan Chase & Co. set a $52.00 target price on Sociedad Quimica y Minera de Chile and gave the company a “buy” rating in a research note on Friday, November 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $51.83.

NYSE:SQM opened at $44.02 on Friday. Sociedad Quimica y Minera de Chile has a 1-year low of $39.54 and a 1-year high of $64.20. The company has a current ratio of 4.34, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 1.10 and a beta of 1.13.

The firm also recently declared a semiannual dividend, which will be paid on Monday, December 24th. Stockholders of record on Wednesday, December 5th will be given a dividend of $0.3173 per share. This represents a dividend yield of 1.49%. The ex-dividend date is Tuesday, December 4th. Sociedad Quimica y Minera de Chile’s dividend payout ratio is currently 79.75%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SQM. Eqis Capital Management Inc. raised its position in shares of Sociedad Quimica y Minera de Chile by 40.1% during the second quarter. Eqis Capital Management Inc. now owns 30,011 shares of the basic materials company’s stock worth $1,442,000 after purchasing an additional 8,594 shares during the period. Wells Fargo & Company MN raised its position in shares of Sociedad Quimica y Minera de Chile by 86.3% during the second quarter. Wells Fargo & Company MN now owns 179,952 shares of the basic materials company’s stock worth $8,647,000 after purchasing an additional 83,349 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Sociedad Quimica y Minera de Chile during the second quarter worth about $854,000. Nomura Asset Management Co. Ltd. raised its position in shares of Sociedad Quimica y Minera de Chile by 24.0% during the second quarter. Nomura Asset Management Co. Ltd. now owns 6,200 shares of the basic materials company’s stock worth $298,000 after purchasing an additional 1,200 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Sociedad Quimica y Minera de Chile by 42.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 139,573 shares of the basic materials company’s stock worth $6,706,000 after purchasing an additional 41,643 shares during the period. 10.07% of the stock is currently owned by institutional investors.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad QuĂ­mica 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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