Sociedad Química y Minera de Chile (SQM) to Release Quarterly Earnings on Tuesday

Sociedad Química y Minera de Chile (NYSE:SQM) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.64 per share for the quarter.

Sociedad Química y Minera de Chile (NYSE:SQM) last released its quarterly earnings results on Wednesday, August 21st. The basic materials company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.24). Sociedad Química y Minera de Chile had a net margin of 0.48% and a return on equity of 23.15%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the company posted $2.03 earnings per share. On average, analysts expect Sociedad Química y Minera de Chile to post $-1 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Sociedad Química y Minera de Chile Stock Up 4.2 %

Shares of Sociedad Química y Minera de Chile stock opened at $38.20 on Tuesday. Sociedad Química y Minera de Chile has a 52-week low of $32.24 and a 52-week high of $64.62. The firm’s 50 day moving average price is $39.24 and its 200-day moving average price is $41.12. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The company has a market cap of $10.91 billion, a P/E ratio of 347.27 and a beta of 1.03.

Wall Street Analyst Weigh In

SQM has been the subject of several analyst reports. The Goldman Sachs Group upgraded Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their price target on Sociedad Química y Minera de Chile from $45.00 to $36.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. Bank of America dropped their price target on Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating on the stock in a research note on Wednesday, August 21st. JPMorgan Chase & Co. lowered shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $44.00 in a research report on Friday, October 11th. Finally, Jefferies Financial Group dropped their target price on shares of Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $48.69.

Sociedad Química y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.