Equities analysts expect Sociedad Quimica y Minera de Chile (NYSE:SQM) to post earnings per share (EPS) of $0.45 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Sociedad Quimica y Minera de Chile’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.59. Sociedad Quimica y Minera de Chile posted earnings of $0.43 per share during the same quarter last year, which indicates a positive year over year growth rate of 4.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 28th.
On average, analysts expect that Sociedad Quimica y Minera de Chile will report full-year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.77 to $2.14. For the next financial year, analysts anticipate that the business will report earnings of $2.21 per share, with EPS estimates ranging from $1.93 to $2.38. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Sociedad Quimica y Minera de Chile.
Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its quarterly earnings data on Wednesday, August 22nd. The basic materials company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.13. Sociedad Quimica y Minera de Chile had a return on equity of 21.19% and a net margin of 20.56%. The firm had revenue of $638.70 million for the quarter, compared to analysts’ expectations of $549.92 million.
Several analysts recently issued reports on SQM shares. BMO Capital Markets lifted their target price on Sociedad Quimica y Minera de Chile to $50.00 and gave the company an “underperform” rating in a research note on Monday, August 27th. Deutsche Bank set a $56.00 target price on Sociedad Quimica y Minera de Chile and gave the company a “buy” rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. decreased their target price on Sociedad Quimica y Minera de Chile from $65.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 22nd. Zacks Investment Research downgraded Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Friday, August 24th. Finally, TheStreet raised Sociedad Quimica y Minera de Chile from a “c” rating to a “b-” rating in a research note on Monday, October 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $53.00.
A number of large investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale increased its stake in Sociedad Quimica y Minera de Chile by 11.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 21,600 shares of the basic materials company’s stock worth $906,000 after acquiring an additional 2,200 shares during the last quarter. Sarasin & Partners LLP increased its stake in Sociedad Quimica y Minera de Chile by 34.6% in the 3rd quarter. Sarasin & Partners LLP now owns 70,000 shares of the basic materials company’s stock worth $3,200,000 after acquiring an additional 18,000 shares during the last quarter. FMR LLC increased its stake in Sociedad Quimica y Minera de Chile by 156.1% in the 3rd quarter. FMR LLC now owns 1,027,900 shares of the basic materials company’s stock worth $46,995,000 after acquiring an additional 626,500 shares during the last quarter. Fosun International Ltd bought a new stake in Sociedad Quimica y Minera de Chile in the 3rd quarter worth approximately $2,630,000. Finally, Crossmark Global Holdings Inc. increased its stake in Sociedad Quimica y Minera de Chile by 15.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,089 shares of the basic materials company’s stock worth $507,000 after acquiring an additional 1,475 shares during the last quarter. 9.41% of the stock is currently owned by institutional investors and hedge funds.
SQM traded down $0.99 on Monday, hitting $44.01. 15,877 shares of the company’s stock traded hands, compared to its average volume of 838,966. The company has a market capitalization of $11.84 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.12 and a beta of 1.13. Sociedad Quimica y Minera de Chile has a one year low of $39.54 and a one year high of $64.20. The company has a current ratio of 3.64, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57.