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

Sociedad Química y Minera de Chile (NYSE:SQM) is scheduled to release its earnings data before the market opens on Tuesday, November 19th. Analysts expect Sociedad Química y Minera de Chile to post earnings of $0.64 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its quarterly earnings data on Wednesday, August 21st. The basic materials company reported $0.75 earnings per share 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 during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm earned $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 Trading Up 0.6 %

NYSE:SQM opened at $38.14 on Monday. The company has a market cap of $10.89 billion, a PE ratio of 346.73 and a beta of 1.03. The business’s 50 day moving average is $39.41 and its two-hundred day moving average is $40.90. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. Sociedad Química y Minera de Chile has a 52 week low of $32.24 and a 52 week high of $64.62.

Analyst Ratings Changes

Several brokerages recently issued reports on SQM. Jefferies Financial Group reduced their price objective on Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. JPMorgan Chase & Co. lowered shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $55.00 to $44.00 in a report on Friday, October 11th. Berenberg Bank started coverage on shares of Sociedad Química y Minera de Chile in a research report on Wednesday, July 31st. They set a “hold” rating and a $35.00 price objective for the company. Bank of America cut their target price on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating on the stock in a report on Wednesday, August 21st. Finally, The Goldman Sachs Group upgraded Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Sociedad Química y Minera de Chile currently has a consensus rating of “Hold” and a consensus 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.