Q4 2022 EPS Estimates for Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Cut by Jefferies Financial Group

Sociedad Química y Minera de Chile S.A. (NYSE:SQMGet Rating) – Equities researchers at Jefferies Financial Group reduced their Q4 2022 earnings estimates for shares of Sociedad Química y Minera de Chile in a research note issued on Monday, November 21st. Jefferies Financial Group analyst L. Alexander now expects that the basic materials company will post earnings of $3.34 per share for the quarter, down from their previous estimate of $3.51. The consensus estimate for Sociedad Química y Minera de Chile’s current full-year earnings is $13.17 per share.

SQM has been the subject of several other reports. BMO Capital Markets boosted their target price on shares of Sociedad Química y Minera de Chile from $125.00 to $130.00 in a research note on Friday, September 16th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Sociedad Química y Minera de Chile from $128.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, November 18th. Citigroup decreased their target price on shares of Sociedad Química y Minera de Chile from $123.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, November 18th. Finally, StockNews.com upgraded shares of Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating in a research note on Saturday, November 19th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sociedad Química y Minera de Chile currently has an average rating of “Hold” and a consensus target price of $97.14.

Sociedad Química y Minera de Chile Stock Performance

SQM opened at $99.38 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.12 and a quick ratio of 1.33. The firm has a fifty day moving average price of $95.69 and a 200 day moving average price of $95.48. Sociedad Química y Minera de Chile has a 1 year low of $46.13 and a 1 year high of $115.76. The stock has a market cap of $28.39 billion, a P/E ratio of 9.22, a P/E/G ratio of 0.50 and a beta of 0.83.

Institutional Investors Weigh In On Sociedad Química y Minera de Chile

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors purchased a new stake in shares of Sociedad Química y Minera de Chile during the first quarter worth $184,773,000. Candriam Luxembourg S.C.A. grew its holdings in shares of Sociedad Química y Minera de Chile by 21.8% during the first quarter. Candriam Luxembourg S.C.A. now owns 1,753,588 shares of the basic materials company’s stock worth $150,100,000 after buying an additional 313,600 shares in the last quarter. State Street Corp grew its holdings in shares of Sociedad Química y Minera de Chile by 7.8% during the first quarter. State Street Corp now owns 1,498,233 shares of the basic materials company’s stock worth $128,249,000 after buying an additional 108,210 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Sociedad Química y Minera de Chile by 18.9% during the third quarter. Alliancebernstein L.P. now owns 1,495,086 shares of the basic materials company’s stock worth $135,679,000 after buying an additional 238,115 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Sociedad Química y Minera de Chile by 59.8% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,269,678 shares of the basic materials company’s stock worth $106,056,000 after buying an additional 475,285 shares in the last quarter. Hedge funds and other institutional investors own 22.52% of the company’s stock.

Sociedad Química y Minera de Chile Company Profile

(Get Rating)

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.

Read More

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

Receive News & Ratings for Sociedad Química y Minera de Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sociedad Química y Minera de Chile and related companies with MarketBeat.com's FREE daily email newsletter.