Sociedad Quimica y Minera de Chile (NYSE:SQM) is set to announce its earnings results after the market closes on Wednesday, May 22nd. Analysts expect the company to announce earnings of $0.36 per share for the quarter.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its quarterly earnings data on Thursday, February 28th. The basic materials company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). The business had revenue of $565.20 million during the quarter, compared to the consensus estimate of $560.66 million. Sociedad Quimica y Minera de Chile had a return on equity of 20.29% and a net margin of 19.41%. On average, analysts expect Sociedad Quimica y Minera de Chile to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Sociedad Quimica y Minera de Chile stock opened at $32.70 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.67 and a current ratio of 4.32. The stock has a market capitalization of $8.66 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02. Sociedad Quimica y Minera de Chile has a 52 week low of $32.62 and a 52 week high of $56.49.

The firm also recently disclosed a dividend, which was paid on Friday, May 3rd. Stockholders of record on Friday, May 3rd were paid a $0.268 dividend. The ex-dividend date was Thursday, May 2nd. Sociedad Quimica y Minera de Chile’s payout ratio is presently 64.07%.

An institutional investor recently raised its position in Sociedad Quimica y Minera de Chile stock. Geode Capital Management LLC boosted its position in shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) by 18.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,198 shares of the basic materials company’s stock after acquiring an additional 970 shares during the period. Geode Capital Management LLC’s holdings in Sociedad Quimica y Minera de Chile were worth $237,000 at the end of the most recent quarter. 11.08% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on SQM shares. Zacks Investment Research lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Deutsche Bank lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. JPMorgan Chase & Co. lowered Sociedad Quimica y Minera de Chile from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $51.00 to $43.00 in a research note on Friday, March 1st. Citigroup lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $53.00 to $41.00 in a research note on Tuesday, March 5th. Finally, Bank of America lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating in a research note on Thursday, March 7th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.63.

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Sociedad Quimica y Minera de Chile Company Profile

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.

Read More: Understanding Analyst Recommendations

Earnings History for Sociedad Quimica y Minera de Chile (NYSE:SQM)

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