Zacks: Brokerages Anticipate Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Will Post Earnings of $0.86 Per Share

Analysts predict that Sociedad Química y Minera de Chile S.A. (NYSE:SQM) will report earnings of $0.86 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Sociedad Química y Minera de Chile’s earnings. The lowest EPS estimate is $0.55 and the highest is $1.09. Sociedad Química y Minera de Chile posted earnings per share of $0.25 in the same quarter last year, which suggests a positive year-over-year growth rate of 244%. The business is expected to issue its next earnings results on Wednesday, March 2nd.

On average, analysts expect that Sociedad Química y Minera de Chile will report full-year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.50 to $2.02. For the next financial year, analysts forecast that the business will report earnings of $3.54 per share, with EPS estimates ranging from $2.66 to $4.44. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Sociedad Química y Minera de Chile.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings results on Wednesday, November 17th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.13). The company had revenue of $661.60 million during the quarter, compared to the consensus estimate of $672.17 million. Sociedad Química y Minera de Chile had a return on equity of 12.13% and a net margin of 14.44%. During the same quarter in the prior year, the business earned $0.28 earnings per share.

A number of brokerages recently issued reports on SQM. JPMorgan Chase & Co. began coverage on Sociedad Química y Minera de Chile in a research report on Tuesday, October 26th. They issued an “overweight” rating for the company. Scotiabank downgraded Sociedad Química y Minera de Chile from a “sector perform” rating to a “sector underperform” rating in a research report on Tuesday, December 21st. Morgan Stanley upgraded Sociedad Química y Minera de Chile from an “underweight” rating to an “equal weight” rating and set a $58.00 target price for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on Sociedad Química y Minera de Chile from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, November 19th. Finally, Citigroup lifted their target price on Sociedad Química y Minera de Chile from $70.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, November 19th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $63.86.

Hedge funds have recently added to or reduced their stakes in the stock. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Sociedad Química y Minera de Chile in the second quarter valued at about $27,000. Stephenson National Bank & Trust purchased a new position in Sociedad Química y Minera de Chile in the third quarter valued at about $32,000. Rockefeller Capital Management L.P. grew its stake in Sociedad Química y Minera de Chile by 703.7% in the second quarter. Rockefeller Capital Management L.P. now owns 651 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Advisory Services Network LLC purchased a new position in Sociedad Química y Minera de Chile in the second quarter valued at about $31,000. Finally, Baldwin Brothers LLC MA purchased a new position in Sociedad Química y Minera de Chile in the fourth quarter valued at about $96,000. Hedge funds and other institutional investors own 19.02% of the company’s stock.

Shares of SQM opened at $56.55 on Friday. The company has a market cap of $14.88 billion, a PE ratio of 47.52, a P/E/G ratio of 0.39 and a beta of 0.78. The business has a fifty day moving average of $57.29 and a 200 day moving average of $53.90. Sociedad Química y Minera de Chile has a 52-week low of $40.53 and a 52-week high of $71.50. The company has a quick ratio of 5.40, a current ratio of 7.19 and a debt-to-equity ratio of 0.78.

The company also recently disclosed a dividend, which was paid on Monday, January 3rd. Investors of record on Monday, January 3rd were issued a $0.91 dividend. This is an increase from Sociedad Química y Minera de Chile’s previous dividend of $0.20. The ex-dividend date of this dividend was Friday, December 31st. Sociedad Química y Minera de Chile’s payout ratio is presently 307.56%.

Sociedad Química y Minera de Chile Company Profile

Sociedad Quimica y Minera de Chile SA engages in the production and distribution of fertilizers, potassium nitrate, iodine, and lithium chemicals. It operates through the following segments: Specialty Plant Nutrients, Iodine and Derivatives, Lithium and Derivatives, Industrial Chemicals, Potassium, and Other Products and Services.

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