$499.36 Million in Sales Expected for Sociedad Quimica y Minera de Chile (SQM) This Quarter

Equities analysts forecast that Sociedad Quimica y Minera de Chile (NYSE:SQM) will post $499.36 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Sociedad Quimica y Minera de Chile’s earnings, with estimates ranging from $495.68 million to $503.03 million. Sociedad Quimica y Minera de Chile posted sales of $518.70 million in the same quarter last year, which would indicate a negative year over year growth rate of 3.7%. The business is scheduled to issue its next earnings results on Thursday, May 23rd.

According to Zacks, analysts expect that Sociedad Quimica y Minera de Chile will report full-year sales of $2.44 billion for the current year, with estimates ranging from $2.10 billion to $2.80 billion. For the next year, analysts forecast that the company will report sales of $2.78 billion, with estimates ranging from $2.37 billion to $3.46 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Sociedad Quimica y Minera de Chile.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data on Thursday, February 28th. The basic materials company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.03). The business had revenue of $565.20 million during the quarter, compared to analyst estimates of $560.66 million. Sociedad Quimica y Minera de Chile had a net margin of 19.41% and a return on equity of 20.29%.

A number of research firms have issued reports on SQM. Zacks Investment Research lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Citigroup lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating and reduced their target price for the company from $53.00 to $41.00 in a report on Tuesday, March 5th. Deutsche Bank lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a report on Monday, February 25th. TheStreet lowered shares of Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a report on Tuesday, March 19th. Finally, Vertical Group began coverage on shares of Sociedad Quimica y Minera de Chile in a report on Monday. They issued a “sell” rating and a $23.00 target price on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Sociedad Quimica y Minera de Chile has an average rating of “Hold” and a consensus target price of $42.63.

NYSE SQM traded down $0.63 during trading hours on Wednesday, reaching $35.86. The company’s stock had a trading volume of 818,111 shares, compared to its average volume of 756,613. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 1.58 and a beta of 1.08. Sociedad Quimica y Minera de Chile has a fifty-two week low of $35.61 and a fifty-two week high of $58.69. The company has a current ratio of 4.32, a quick ratio of 2.67 and a debt-to-equity ratio of 0.62.

A number of large investors have recently added to or reduced their stakes in SQM. Alliancebernstein L.P. lifted its holdings in Sociedad Quimica y Minera de Chile by 198.1% in the 3rd quarter. Alliancebernstein L.P. now owns 59,008 shares of the basic materials company’s stock valued at $2,698,000 after purchasing an additional 39,216 shares in the last quarter. FMR LLC lifted its holdings in shares of Sociedad Quimica y Minera de Chile by 156.1% during the 3rd quarter. FMR LLC now owns 1,027,900 shares of the basic materials company’s stock worth $46,995,000 after acquiring an additional 626,500 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Sociedad Quimica y Minera de Chile by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 590,708 shares of the basic materials company’s stock worth $27,015,000 after acquiring an additional 1,961 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Sociedad Quimica y Minera de Chile during the 3rd quarter worth about $162,000. Finally, Deutsche Bank AG lifted its holdings in shares of Sociedad Quimica y Minera de Chile by 80.3% during the 3rd quarter. Deutsche Bank AG now owns 360,024 shares of the basic materials company’s stock worth $16,457,000 after acquiring an additional 160,381 shares during the period. Institutional investors own 11.10% of the company’s stock.

About Sociedad Quimica y Minera de Chile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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