Analysts Anticipate Sociedad Quimica y Minera de Chile (NYSE:SQM) to Announce $0.38 Earnings Per Share

Analysts expect that Sociedad Quimica y Minera de Chile (NYSE:SQM) will post $0.38 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Sociedad Quimica y Minera de Chile’s earnings, with estimates ranging from $0.27 to $0.47. Sociedad Quimica y Minera de Chile reported earnings per share of $0.51 during the same quarter last year, which suggests a negative year over year growth rate of 25.5%. The company is scheduled to issue its next earnings results on Wednesday, August 28th.

On average, analysts expect that Sociedad Quimica y Minera de Chile will report full year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.19 to $1.52. For the next financial year, analysts expect that the business will report earnings of $1.64 per share, with EPS estimates ranging from $1.47 to $1.79. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Sociedad Quimica y Minera de Chile.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its earnings results on Wednesday, May 22nd. The basic materials company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business 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 net margin of 18.06% and a return on equity of 19.01%.

A number of equities analysts have recently weighed in on the company. BMO Capital Markets reiterated a “hold” rating on shares of Royal Bank of Canada in a report on Thursday, May 23rd. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Santander downgraded Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Morgan Stanley set a $207.00 target price on Alibaba Group and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Deutsche Bank assumed coverage on So-Young International in a research note on Tuesday, May 28th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.00.

Shares of SQM traded up $0.80 during trading hours on Tuesday, reaching $30.80. The company’s stock had a trading volume of 1,156,693 shares, compared to its average volume of 740,832. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.09. Sociedad Quimica y Minera de Chile has a 1-year low of $28.30 and a 1-year high of $49.21. The company has a current ratio of 3.92, a quick ratio of 2.42 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average of $30.81.

The company also recently declared a semiannual dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were paid a $0.1989 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a dividend yield of 3.3%. Sociedad Quimica y Minera de Chile’s payout ratio is 59.28%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in Sociedad Quimica y Minera de Chile by 26.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,094,980 shares of the basic materials company’s stock valued at $41,938,000 after buying an additional 226,322 shares during the period. Commonwealth Equity Services LLC increased its holdings in Sociedad Quimica y Minera de Chile by 7.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,304 shares of the basic materials company’s stock valued at $394,000 after buying an additional 681 shares during the period. Geode Capital Management LLC increased its holdings in Sociedad Quimica y Minera de Chile by 18.6% during the fourth quarter. Geode Capital Management LLC now owns 6,198 shares of the basic materials company’s stock valued at $237,000 after buying an additional 970 shares during the period. Stone Ridge Asset Management LLC purchased a new position in Sociedad Quimica y Minera de Chile during the fourth quarter valued at approximately $444,000. Finally, Two Sigma Advisers LP increased its holdings in Sociedad Quimica y Minera de Chile by 0.8% during the fourth quarter. Two Sigma Advisers LP now owns 443,274 shares of the basic materials company’s stock valued at $16,977,000 after buying an additional 3,700 shares during the period. 10.52% of the stock is owned by institutional investors and hedge funds.

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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