Brokerages Expect Sociedad Quimica y Minera de Chile (NYSE:SQM) to Post $0.26 EPS

Wall Street brokerages predict that Sociedad Quimica y Minera de Chile (NYSE:SQM) will post earnings per share of $0.26 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Sociedad Quimica y Minera de Chile’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.28. Sociedad Quimica y Minera de Chile reported earnings of $0.32 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 18.8%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, November 20th.

According to Zacks, analysts expect that Sociedad Quimica y Minera de Chile will report full year earnings of $1.15 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.38. For the next financial year, analysts expect that the business will report earnings of $1.33 per share, with EPS estimates ranging from $0.98 to $1.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Sociedad Quimica y Minera de Chile.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its quarterly earnings data on Wednesday, August 21st. The basic materials company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.09). Sociedad Quimica y Minera de Chile had a net margin of 16.27% and a return on equity of 16.04%. The company had revenue of $494.10 million for the quarter, compared to analysts’ expectations of $525.73 million. During the same period in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was down 22.6% on a year-over-year basis.

A number of research analysts have recently weighed in on the company. Citigroup reaffirmed a “neutral” rating and set a $25.00 price objective (down from $33.00) on shares of Sociedad Quimica y Minera de Chile in a research report on Monday, August 26th. BMO Capital Markets set a $24.00 target price on Sociedad Quimica y Minera de Chile and gave the company a “hold” rating in a research note on Friday, August 23rd. ValuEngine raised Sociedad Quimica y Minera de Chile from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. downgraded Sociedad Quimica y Minera de Chile from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $29.00 to $23.00 in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group set a $26.00 target price on Sociedad Quimica y Minera de Chile and gave the company a “hold” rating in a research note on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.50.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Baldwin Brothers Inc. MA bought a new stake in Sociedad Quimica y Minera de Chile during the 3rd quarter valued at approximately $82,000. Macquarie Group Ltd. boosted its holdings in Sociedad Quimica y Minera de Chile by 7.4% during the 2nd quarter. Macquarie Group Ltd. now owns 1,325,682 shares of the basic materials company’s stock valued at $41,242,000 after acquiring an additional 91,298 shares during the period. Royal Bank of Canada boosted its holdings in Sociedad Quimica y Minera de Chile by 2.7% during the 2nd quarter. Royal Bank of Canada now owns 66,804 shares of the basic materials company’s stock valued at $2,078,000 after acquiring an additional 1,731 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in Sociedad Quimica y Minera de Chile by 4.2% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 297,039 shares of the basic materials company’s stock valued at $11,125,000 after acquiring an additional 11,881 shares during the period. Finally, Voloridge Investment Management LLC purchased a new position in Sociedad Quimica y Minera de Chile during the 2nd quarter valued at $628,000. 10.04% of the stock is currently owned by institutional investors.

SQM stock opened at $27.50 on Tuesday. Sociedad Quimica y Minera de Chile has a twelve month low of $22.71 and a twelve month high of $48.63. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.63. The stock has a market cap of $7.41 billion, a P/E ratio of 16.47, a PEG ratio of 2.46 and a beta of 1.16. The business’s 50-day moving average price is $26.43 and its 200-day moving average price is $30.75.

The firm also recently announced a — dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 6th were paid a dividend of $0.2667 per share. This represents a yield of 4.3%. The ex-dividend date of this dividend was Thursday, September 5th. Sociedad Quimica y Minera de Chile’s dividend payout ratio (DPR) is presently 41.32%.

Sociedad Quimica y Minera de Chile Company Profile

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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