Sociedad Quimica y Minera de Chile (NYSE:SQM) Expected to Announce Quarterly Sales of $523.85 Million

Analysts expect that Sociedad Quimica y Minera de Chile (NYSE:SQM) will announce $523.85 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Sociedad Quimica y Minera de Chile’s earnings. The highest sales estimate is $555.70 million and the lowest is $492.00 million. Sociedad Quimica y Minera de Chile posted sales of $565.20 million in the same quarter last year, which suggests a negative year over year growth rate of 7.3%. The company is expected to issue its next earnings results on Thursday, February 27th.

According to Zacks, analysts expect that Sociedad Quimica y Minera de Chile will report full-year sales of $1.99 billion for the current fiscal year, with estimates ranging from $1.94 billion to $2.03 billion. For the next fiscal year, analysts expect that the company will report sales of $2.30 billion, with estimates ranging from $2.21 billion to $2.36 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Sociedad Quimica y Minera de Chile.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its earnings results on Wednesday, November 20th. The basic materials company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.03). Sociedad Quimica y Minera de Chile had a net margin of 15.70% and a return on equity of 14.96%. The business had revenue of $473.10 million for the quarter, compared to analyst estimates of $487.65 million.

Several analysts have commented on SQM shares. BMO Capital Markets set a $24.00 price objective on Sociedad Quimica y Minera de Chile and gave the company a “hold” rating in a report on Friday, August 23rd. Zacks Investment Research raised Sociedad Quimica y Minera de Chile from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Citigroup reiterated a “neutral” rating and set a $25.00 target price (down previously from $33.00) on shares of Sociedad Quimica y Minera de Chile in a research report on Monday, August 26th. JPMorgan Chase & Co. cut shares of Sociedad Quimica y Minera de Chile from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $29.00 to $23.00 in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group set a $26.00 price target on shares of Sociedad Quimica y Minera de Chile and gave the stock a “hold” rating in a report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $29.50.

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new position in Sociedad Quimica y Minera de Chile in the 3rd quarter worth about $33,000. Stonebridge Capital Advisors LLC acquired a new position in Sociedad Quimica y Minera de Chile in the 2nd quarter valued at $37,000. Parallel Advisors LLC raised its holdings in Sociedad Quimica y Minera de Chile by 453.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,346 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 1,103 shares during the last quarter. Baldwin Brothers Inc. MA purchased a new position in shares of Sociedad Quimica y Minera de Chile during the 3rd quarter worth $82,000. Finally, Assetmark Inc. lifted its stake in shares of Sociedad Quimica y Minera de Chile by 70.5% during the 2nd quarter. Assetmark Inc. now owns 3,242 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 1,341 shares during the period. Institutional investors own 10.06% of the company’s stock.

NYSE SQM traded up $0.49 during trading hours on Monday, reaching $24.86. The company’s stock had a trading volume of 625,966 shares, compared to its average volume of 778,608. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 2.19 and a beta of 1.12. The company’s 50-day moving average is $25.82 and its two-hundred day moving average is $27.92. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.77 and a quick ratio of 1.78. Sociedad Quimica y Minera de Chile has a 1-year low of $22.71 and a 1-year high of $45.38.

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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