Wall Street analysts expect that Sociedad Quimica y Minera de Chile (NYSE:SQM) will announce earnings per share (EPS) of $0.45 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Sociedad Quimica y Minera de Chile’s earnings, with estimates ranging from $0.36 to $0.59. Sociedad Quimica y Minera de Chile reported 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 business is scheduled to issue its next quarterly earnings results on Wednesday, November 28th.

According to Zacks, analysts expect that Sociedad Quimica y Minera de Chile will report full year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.77 to $2.14. For the next year, analysts anticipate that the firm will post earnings of $2.21 per share, with EPS estimates ranging from $1.93 to $2.38. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms 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, topping the consensus estimate of $0.38 by $0.13. The firm had revenue of $638.70 million for the quarter, compared to analysts’ expectations of $549.92 million. Sociedad Quimica y Minera de Chile had a return on equity of 21.19% and a net margin of 20.56%.

Several research analysts have weighed in on SQM shares. BMO Capital Markets increased their price objective on Sociedad Quimica y Minera de Chile to $50.00 and gave the stock an “underperform” rating in a research report on Monday, August 27th. Deutsche Bank set a $56.00 price objective on Sociedad Quimica y Minera de Chile and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. JPMorgan Chase & Co. lowered their price objective on Sociedad Quimica y Minera de Chile from $65.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 22nd. Zacks Investment Research cut Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research report on Friday, August 24th. Finally, TheStreet upgraded Sociedad Quimica y Minera de Chile from a “c” rating to a “b-” rating in a research report on Monday, October 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Sociedad Quimica y Minera de Chile has an average rating of “Hold” and an average price target of $53.00.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. increased its position in shares of Sociedad Quimica y Minera de Chile by 24.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 6,200 shares of the basic materials company’s stock worth $298,000 after purchasing an additional 1,200 shares during the period. Atria Investments LLC increased its position in shares of Sociedad Quimica y Minera de Chile by 13.6% in the second quarter. Atria Investments LLC now owns 10,085 shares of the basic materials company’s stock worth $485,000 after purchasing an additional 1,207 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Sociedad Quimica y Minera de Chile by 15.3% in the third quarter. Crossmark Global Holdings Inc. now owns 11,089 shares of the basic materials company’s stock worth $507,000 after purchasing an additional 1,475 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Sociedad Quimica y Minera de Chile by 11.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 21,600 shares of the basic materials company’s stock worth $906,000 after purchasing an additional 2,200 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Sociedad Quimica y Minera de Chile by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 109,566 shares of the basic materials company’s stock worth $5,265,000 after purchasing an additional 2,394 shares during the period. Institutional investors own 9.41% of the company’s stock.

SQM stock opened at $45.00 on Monday. The company has a current ratio of 3.64, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 1.15 and a beta of 1.13. Sociedad Quimica y Minera de Chile has a fifty-two week low of $39.54 and a fifty-two week high of $64.20.

About Sociedad Quimica y Minera de Chile

Sociedad QuĂ­mica 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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