Sociedad Química y Minera de Chile (SQM) Scheduled to Post Earnings on Tuesday

Sociedad Química y Minera de Chile (NYSE:SQM) is set to post its quarterly earnings results 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Sociedad Química y Minera de Chile (NYSE:SQM) last posted its quarterly earnings results on Wednesday, August 21st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.24). The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Sociedad Química y Minera de Chile had a net margin of 0.48% and a return on equity of 23.15%. During the same period last year, the firm posted $2.03 EPS. 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 Stock Performance

Sociedad Química y Minera de Chile stock opened at $38.14 on Monday. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 346.73 and a beta of 1.03. Sociedad Química y Minera de Chile has a 12 month low of $32.24 and a 12 month high of $64.62. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.47. The stock’s 50-day moving average is $39.41 and its 200-day moving average is $40.90.

Analyst Ratings Changes

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