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

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) is set to 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.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 21st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.24). The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. Sociedad Química y Minera de Chile had a return on equity of 23.15% and a net margin of 0.48%. During the same quarter in the previous year, the firm 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 Price Performance

SQM stock traded down $1.16 during midday trading on Tuesday, reaching $37.03. The stock had a trading volume of 836,977 shares, compared to its average volume of 1,167,831. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 347.27 and a beta of 1.03. Sociedad Química y Minera de Chile has a 52-week low of $32.24 and a 52-week high of $64.62. The company's fifty day simple moving average is $39.24 and its 200 day simple moving average is $41.12. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.59.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SQM. Bank of America cut 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. The Goldman Sachs Group raised Sociedad Química y Minera de Chile from a "neutral" rating to a "buy" rating in a research note on Friday, August 9th. JPMorgan Chase & Co. downgraded shares of Sociedad Química y Minera de Chile from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $55.00 to $44.00 in a research note on Friday, October 11th. 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 report on Monday, August 26th. Finally, Berenberg Bank initiated coverage on Sociedad Química y Minera de Chile in a research report on Wednesday, July 31st. They issued a "hold" rating and a $35.00 target price on the stock. Two 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's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price 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.