$646.35 Million in Sales Expected for Sociedad Quimica y Minera de Chile (SQM) This Quarter

Equities analysts expect that Sociedad Quimica y Minera de Chile (NYSE:SQM) will report sales of $646.35 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Sociedad Quimica y Minera de Chile’s earnings, with the lowest sales estimate coming in at $580.77 million and the highest estimate coming in at $703.28 million. Sociedad Quimica y Minera de Chile reported sales of $558.70 million during the same quarter last year, which would suggest a positive year over year growth rate of 15.7%. The firm is scheduled to announce its next earnings results on Wednesday, November 28th.

On average, analysts expect that Sociedad Quimica y Minera de Chile will report full-year sales of $2.44 billion for the current fiscal year, with estimates ranging from $2.30 billion to $2.58 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.74 billion, with estimates ranging from $2.69 billion to $2.79 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sociedad Quimica y Minera de Chile.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its earnings results on Wednesday, August 22nd. The basic materials company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.13. The business had revenue of $638.70 million during the quarter, compared to the consensus estimate of $549.92 million. Sociedad Quimica y Minera de Chile had a return on equity of 21.19% and a net margin of 20.56%.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Sunday, July 15th. TheStreet upgraded Sociedad Quimica y Minera de Chile from a “c” rating to a “b-” rating in a report on Monday, October 1st. Jefferies Financial Group assumed coverage on Sociedad Quimica y Minera de Chile in a report on Wednesday, October 3rd. They set a “hold” rating and a $51.00 price objective for the company. Deutsche Bank set a $56.00 price objective on Sociedad Quimica y Minera de Chile and gave the company a “buy” rating in a report on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on Sociedad Quimica y Minera de Chile from $65.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, August 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Sociedad Quimica y Minera de Chile has an average rating of “Hold” and an average target price of $53.00.

Several large investors have recently made changes to their positions in the stock. AMP Capital Investors Ltd boosted its position in Sociedad Quimica y Minera de Chile by 60.1% in the second quarter. AMP Capital Investors Ltd now owns 49,300 shares of the basic materials company’s stock worth $2,369,000 after purchasing an additional 18,500 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Sociedad Quimica y Minera de Chile in the second quarter worth $418,000. Macquarie Group Ltd. boosted its position in Sociedad Quimica y Minera de Chile by 4.8% in the second quarter. Macquarie Group Ltd. now owns 674,395 shares of the basic materials company’s stock worth $32,405,000 after purchasing an additional 30,900 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Sociedad Quimica y Minera de Chile by 30.2% in the second quarter. Advisors Asset Management Inc. now owns 58,493 shares of the basic materials company’s stock worth $2,811,000 after purchasing an additional 13,559 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its position in Sociedad Quimica y Minera de Chile by 40.1% in the second quarter. Eqis Capital Management Inc. now owns 30,011 shares of the basic materials company’s stock worth $1,442,000 after purchasing an additional 8,594 shares during the last quarter. 9.41% of the stock is currently owned by institutional investors.

Shares of SQM stock opened at $45.00 on Wednesday. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 1.15 and a beta of 1.13. The company has a quick ratio of 2.33, a current ratio of 3.64 and a debt-to-equity ratio of 0.57. Sociedad Quimica y Minera de Chile has a fifty-two week low of $39.54 and a fifty-two week high of $64.20.

Sociedad Quimica y Minera de Chile Company Profile

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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