Sociedad Química y Minera de Chile (NYSE:SQM) Posts Earnings Results, Misses Expectations By $0.10 EPS

Sociedad Química y Minera de Chile (NYSE:SQM) released its earnings results on Tuesday. The basic materials company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.10), Zacks reports. Sociedad Química y Minera de Chile had a negative net margin of 6.74% and a positive return on equity of 16.12%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.01 billion.

Sociedad Química y Minera de Chile Stock Up 2.4 %

Shares of SQM traded up $0.95 during midday trading on Thursday, reaching $40.88. 204,306 shares of the company were exchanged, compared to its average volume of 1,028,762. The company has a market cap of $11.68 billion, a price-to-earnings ratio of -36.74, a P/E/G ratio of 5.00 and a beta of 1.08. Sociedad Química y Minera de Chile has a 1-year low of $32.24 and a 1-year high of $51.90. The stock has a 50-day moving average price of $38.77 and a 200-day moving average price of $38.81. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Scotiabank decreased their price target on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating on the stock in a report on Monday, November 25th. Finally, StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. Two 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, the stock currently has an average rating of “Hold” and a consensus target price of $45.56.

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.