Sociedad Quimica y Minera de Chile (NYSE:SQM) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09), Fidelity Earnings reports. Sociedad Quimica y Minera de Chile had a return on equity of 19.01% and a net margin of 18.06%. The company had revenue of $494.10 million for the quarter, compared to analysts’ expectations of $525.73 million. During the same quarter last year, the business posted $0.51 EPS. The business’s quarterly revenue was down 22.6% on a year-over-year basis.
SQM opened at $23.45 on Friday. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.98 and a beta of 1.08. The company has a quick ratio of 2.42, a current ratio of 3.92 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $28.71 and a 200-day moving average price of $34.49. Sociedad Quimica y Minera de Chile has a twelve month low of $23.32 and a twelve month high of $48.80.
SQM has been the subject of a number of research analyst reports. Morgan Stanley upgraded shares of Sociedad Quimica y Minera de Chile from an “underweight” rating to an “equal weight” rating in a report on Friday, July 12th. BMO Capital Markets reiterated a “market perform” rating on shares of Sociedad Quimica y Minera de Chile in a research note on Friday. Deutsche Bank set a $32.00 target price on shares of Sociedad Quimica y Minera de Chile and gave the stock a “hold” rating in a research note on Tuesday, May 28th. ValuEngine downgraded shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. downgraded shares of Sociedad Quimica y Minera de Chile from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $29.00 to $23.00 in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $35.50.
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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