Sociedad Química y Minera de Chile (NYSE:SQM) Releases Earnings Results

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) posted its earnings results on Tuesday. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.10), Zacks reports. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate 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 Stock Performance

NYSE:SQM traded down $0.24 on Monday, reaching $41.86. 2,115,162 shares of the company's stock were exchanged, compared to its average volume of 1,044,243. Sociedad Química y Minera de Chile has a 52 week low of $32.24 and a 52 week high of $51.90. The stock has a fifty day simple moving average of $39.11 and a 200-day simple moving average of $38.91. 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 has a market cap of $11.96 billion, a price-to-earnings ratio of -37.71, a P/E/G ratio of 5.00 and a beta of 1.08.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SQM. StockNews.com raised Sociedad Química y Minera de Chile to a "sell" rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft decreased their target price on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, November 21st. Finally, Scotiabank dropped 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 note on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $45.56.

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About Sociedad Química y Minera de Chile

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.