Sociedad Quimica y Minera de Chile (NYSE:SQM) Announces Quarterly Earnings Results

Sociedad Quimica y Minera de Chile (NYSE:SQM) issued its earnings results on Tuesday. The basic materials company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.06), MarketWatch Earnings reports. Sociedad Quimica y Minera de Chile had a return on equity of 13.01% and a net margin of 14.31%. The business had revenue of $392.00 million for the quarter, compared to the consensus estimate of $480.68 million.

NYSE SQM traded down $0.34 during midday trading on Thursday, hitting $23.23. The company had a trading volume of 14,673 shares, compared to its average volume of 730,402. The company has a quick ratio of 2.19, a current ratio of 3.45 and a debt-to-equity ratio of 0.71. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 2.28 and a beta of 0.91. The firm has a fifty day simple moving average of $22.22 and a two-hundred day simple moving average of $25.52. Sociedad Quimica y Minera de Chile has a fifty-two week low of $15.20 and a fifty-two week high of $33.31.

The business also recently declared a semi-annual dividend, which was paid on Monday, May 18th. Shareholders of record on Thursday, April 30th were given a $0.2541 dividend. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a yield of 3.7%. Sociedad Quimica y Minera de Chile’s dividend payout ratio is 62.26%.

A number of equities research analysts have issued reports on SQM shares. Scotiabank downgraded shares of Sociedad Quimica y Minera de Chile from a “sector perform” rating to a “sector underperform” rating and cut their target price for the stock from $24.00 to $20.00 in a research report on Thursday. HSBC downgraded shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “reduce” rating and set a $25.50 price target on the stock. in a report on Wednesday, January 22nd. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera de Chile from a “sell” rating to a “hold” rating in a report on Tuesday, April 21st. ValuEngine lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Bank of America lowered shares of Sociedad Quimica y Minera de Chile from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 31st. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $25.21.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad QuĂ­mica 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.

Read More: Retained Earnings

Earnings History for Sociedad Quimica y Minera de Chile (NYSE:SQM)

Receive News & Ratings for Sociedad Quimica y Minera de Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sociedad Quimica y Minera de Chile and related companies with MarketBeat.com's FREE daily email newsletter.