Sociedad Quimica y Minera de Chile (SQM) Scheduled to Post Earnings on Wednesday

Sociedad Quimica y Minera de Chile (NYSE:SQM) is set to post its quarterly earnings results after the market closes on Wednesday, November 20th. Analysts expect Sociedad Quimica y Minera de Chile to post earnings of $0.26 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its quarterly earnings results on Wednesday, August 21st. The basic materials company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.09). The business had revenue of $494.10 million during the quarter, compared to analyst estimates of $525.73 million. Sociedad Quimica y Minera de Chile had a return on equity of 16.04% and a net margin of 16.27%. Sociedad Quimica y Minera de Chile’s revenue was down 22.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. On average, analysts expect Sociedad Quimica y Minera de Chile to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE SQM opened at $24.92 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.83 and a current ratio of 2.80. The company has a market cap of $6.74 billion, a PE ratio of 14.92, a P/E/G ratio of 2.41 and a beta of 1.18. The business has a 50-day simple moving average of $27.54 and a two-hundred day simple moving average of $29.28. Sociedad Quimica y Minera de Chile has a fifty-two week low of $22.71 and a fifty-two week high of $47.08.

Several equities research analysts have weighed in on the company. Jefferies Financial Group set a $26.00 price target on Sociedad Quimica y Minera de Chile and gave the stock a “hold” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. cut Sociedad Quimica y Minera de Chile from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $29.00 to $23.00 in a research note on Thursday, August 22nd. ValuEngine cut Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. BMO Capital Markets set a $24.00 price objective on Sociedad Quimica y Minera de Chile and gave the stock a “hold” rating in a research note on Friday, August 23rd. Finally, Citigroup restated a “neutral” rating and issued a $25.00 price objective (down from $33.00) on shares of Sociedad Quimica y Minera de Chile in a research note on Monday, August 26th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $29.50.

Sociedad Quimica y Minera de Chile Company Profile

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

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