Sociedad Quimica y Minera (SQM) Expected to Announce Earnings on Tuesday

Sociedad Quimica y Minera (NYSE:SQM) is expected to be releasing its results after the market closes on Tuesday, May 26th. Analysts expect Sociedad Quimica y Minera to post earnings of $1.57 per share and revenue of $1.70 billion for the quarter.

Sociedad Quimica y Minera (NYSE:SQM) last announced its quarterly earnings results on Saturday, February 14th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of $1.32 billion for the quarter. Sociedad Quimica y Minera had a net margin of 12.85% and a return on equity of 9.69%. On average, analysts expect Sociedad Quimica y Minera to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Sociedad Quimica y Minera Trading Down 1.9%

Shares of NYSE:SQM opened at $82.63 on Tuesday. The company has a 50 day moving average of $83.65 and a 200 day moving average of $73.59. The stock has a market cap of $23.60 billion, a P/E ratio of 40.31, a P/E/G ratio of 0.26 and a beta of 1.00. Sociedad Quimica y Minera has a 12 month low of $29.36 and a 12 month high of $98.00.

Sociedad Quimica y Minera Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th will be issued a $1.0295 dividend. This represents a $4.12 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, May 8th. Sociedad Quimica y Minera’s dividend payout ratio (DPR) is presently 130.73%.

Institutional Investors Weigh In On Sociedad Quimica y Minera

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Sociedad Quimica y Minera in the 4th quarter worth approximately $50,000. Ameriflex Group Inc. bought a new stake in shares of Sociedad Quimica y Minera in the 4th quarter valued at about $60,000. Fulcrum Asset Management LLP bought a new stake in shares of Sociedad Quimica y Minera in the 3rd quarter valued at about $43,000. Triumph Capital Management bought a new stake in shares of Sociedad Quimica y Minera in the 3rd quarter valued at about $49,000. Finally, Advisory Services Network LLC bought a new stake in shares of Sociedad Quimica y Minera in the 3rd quarter valued at about $62,000. 12.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SQM. Scotiabank raised their price target on shares of Sociedad Quimica y Minera from $90.00 to $100.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 4th. HSBC raised Sociedad Quimica y Minera to a “strong-buy” rating in a research note on Monday, January 19th. Bank of America lifted their price objective on Sociedad Quimica y Minera from $49.00 to $53.00 and gave the company an “underperform” rating in a research note on Wednesday, March 25th. Zacks Research lowered shares of Sociedad Quimica y Minera from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Sociedad Quimica y Minera in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Sociedad Quimica y Minera has a consensus rating of “Hold” and a consensus price target of $71.42.

About Sociedad Quimica y Minera

Sociedad Química y Minera de Chile SA (NYSE: SQM) is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.

SQM’s product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.