Sociedad Quimica y Minera de Chile (SQM) to Release Quarterly Earnings on Wednesday

Sociedad Quimica y Minera de Chile (NYSE:SQM) will issue its quarterly earnings data after the market closes on Wednesday, May 22nd. Analysts expect the company to announce earnings of $0.36 per share for the quarter.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last announced its quarterly earnings data on Thursday, February 28th. The basic materials company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.03). The company had revenue of $565.20 million for the quarter, compared to analyst estimates 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%. On average, analysts expect Sociedad Quimica y Minera de Chile to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of SQM stock opened at $34.38 on Wednesday. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 1.42 and a beta of 1.02. The company has a quick ratio of 2.67, a current ratio of 4.32 and a debt-to-equity ratio of 0.62. Sociedad Quimica y Minera de Chile has a 1-year low of $33.58 and a 1-year high of $58.69.

The business also recently disclosed a dividend, which was paid on Friday, May 3rd. Shareholders of record on Friday, May 3rd were issued a dividend of $0.268 per share. The ex-dividend date was Thursday, May 2nd. Sociedad Quimica y Minera de Chile’s dividend payout ratio is currently 64.07%.

A hedge fund recently raised its stake in Sociedad Quimica y Minera de Chile stock. Geode Capital Management LLC lifted its holdings in Sociedad Quimica y Minera de Chile (NYSE:SQM) by 18.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,198 shares of the basic materials company’s stock after buying an additional 970 shares during the quarter. Geode Capital Management LLC’s holdings in Sociedad Quimica y Minera de Chile were worth $237,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 11.08% of the company’s stock.

SQM has been the subject of several recent analyst reports. Vertical Group initiated coverage on shares of Sociedad Quimica y Minera de Chile in a report on Monday, April 22nd. They set a “sell” rating and a $23.00 price objective for the company. JPMorgan Chase & Co. lowered shares of Sociedad Quimica y Minera de Chile from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $51.00 to $43.00 in a report on Friday, March 1st. Santander lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Bank of America lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating in a report on Thursday, March 7th. Finally, Deutsche Bank downgraded shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $42.63.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2019/05/15/sociedad-quimica-y-minera-de-chile-sqm-to-release-quarterly-earnings-on-wednesday.html.

About Sociedad Quimica y Minera de Chile

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.

Further Reading: Google Finance

Earnings History for Sociedad Quimica y Minera de Chile (NYSE:SQM)

Receive News & Ratings for Sociedad Quimica y Minera de Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sociedad Quimica y Minera de Chile and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply