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

Sociedad Química y Minera de Chile (NYSE:SQM) will issue its quarterly 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its quarterly earnings results on Wednesday, August 21st. The basic materials company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company posted $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 %

Shares of SQM stock opened at $38.14 on Friday. Sociedad Química y Minera de Chile has a twelve month low of $32.24 and a twelve month high of $64.62. The stock’s fifty day simple moving average is $39.41 and its 200 day simple moving average is $40.93. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $10.89 billion, a P/E ratio of 346.73 and a beta of 1.03.

Analysts Set New Price Targets

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