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

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

Sociedad Química y Minera de Chile Trading Up 1.7 %

NYSE:SQM traded up $0.69 on Thursday, reaching $40.62. The stock had a trading volume of 246,785 shares, compared to its average volume of 1,028,960. The company has a market cap of $11.60 billion, a price-to-earnings ratio of -36.57, a P/E/G ratio of 5.00 and a beta of 1.08. Sociedad Química y Minera de Chile has a 12-month low of $32.24 and a 12-month high of $51.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The firm’s fifty day moving average is $38.77 and its two-hundred day moving average is $38.81.

Wall Street Analysts Forecast Growth

SQM has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered their price target on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. StockNews.com raised Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. Finally, Scotiabank cut their price objective on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.