Sociedad Quimica y Minera de Chile (NYSE:SQM) will be releasing its earnings data after the market closes on Wednesday, August 21st. Analysts expect Sociedad Quimica y Minera de Chile to post earnings of $0.38 per share for the quarter.
Sociedad Quimica y Minera de Chile (NYSE:SQM) last announced its earnings results on Wednesday, May 22nd. The basic materials company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). The company had revenue of $504.20 million during the quarter, compared to analyst estimates of $487.04 million. Sociedad Quimica y Minera de Chile had a return on equity of 19.01% and a net margin of 18.06%. On average, analysts expect Sociedad Quimica y Minera de Chile to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE SQM opened at $27.62 on Wednesday. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 2.06 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.42 and a current ratio of 3.92. Sociedad Quimica y Minera de Chile has a 1-year low of $25.72 and a 1-year high of $48.80. The business has a fifty day moving average of $29.54.
A number of brokerages recently weighed in on SQM. Morgan Stanley raised shares of Sociedad Quimica y Minera de Chile from an “underweight” rating to an “equal weight” rating in a research note on Friday, July 12th. BMO Capital Markets lowered shares of Sociedad Quimica y Minera de Chile from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $47.00 to $31.00 in a research note on Thursday, May 23rd. ValuEngine lowered shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Vertical Group began coverage on shares of Sociedad Quimica y Minera de Chile in a research note on Monday, April 22nd. They issued a “sell” rating and a $23.00 target price for the company. Finally, Deutsche Bank set a $32.00 target price on shares of Sociedad Quimica y Minera de Chile and gave the stock a “hold” rating in a research note on Tuesday, May 28th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $38.00.
About Sociedad Quimica y Minera de Chile
Sociedad Química 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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