Zacks: Analysts Anticipate Sociedad Quimica y Minera S.A. (SQM) Will Post Earnings of $0.37 Per Share

Equities analysts expect that Sociedad Quimica y Minera S.A. (NYSE:SQM) will post earnings of $0.37 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Sociedad Quimica y Minera’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.36. Sociedad Quimica y Minera reported earnings per share of $0.32 in the same quarter last year, which would suggest a positive year over year growth rate of 15.6%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, August 23rd.

According to Zacks, analysts expect that Sociedad Quimica y Minera will report full-year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.54. For the next year, analysts anticipate that the company will report earnings of $1.50 per share, with EPS estimates ranging from $1.30 to $1.64. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Sociedad Quimica y Minera.

A number of equities research analysts have commented on SQM shares. Deutsche Bank AG downgraded Sociedad Quimica y Minera from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a report on Monday, April 17th. Vetr raised Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating and set a $38.88 target price for the company in a report on Wednesday, May 3rd. Zacks Investment Research downgraded Sociedad Quimica y Minera from a “buy” rating to a “hold” rating in a report on Tuesday, March 28th. BMO Capital Markets reissued a “hold” rating and issued a $30.00 target price on shares of Sociedad Quimica y Minera in a report on Thursday, May 18th. Finally, BidaskClub raised Sociedad Quimica y Minera from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $36.98.

Shares of Sociedad Quimica y Minera (NYSE SQM) traded up 1.28% during midday trading on Wednesday, reaching $35.58. 857,952 shares of the company traded hands. Sociedad Quimica y Minera has a 1-year low of $24.18 and a 1-year high of $37.47. The stock’s 50-day moving average is $34.96 and its 200-day moving average is $33.32. The stock has a market capitalization of $9.36 billion, a P/E ratio of 29.00 and a beta of 1.02.

The company also recently declared a dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 8th were given a $0.3922 dividend. The ex-dividend date was Tuesday, June 6th. This is a boost from Sociedad Quimica y Minera’s previous dividend of $0.26. Sociedad Quimica y Minera’s dividend payout ratio (DPR) is currently 94.31%.

TRADEMARK VIOLATION WARNING: This piece was originally posted by WKRB News and is owned by of WKRB News. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.wkrb13.com/markets/2286507/zacks-analysts-anticipate-sociedad-quimica-y-minera-s-a-sqm-will-post-earnings-of-0-37-per-share.html.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank purchased a new position in shares of Sociedad Quimica y Minera during the fourth quarter worth $210,000. FMR LLC boosted its position in shares of Sociedad Quimica y Minera by 32.7% in the fourth quarter. FMR LLC now owns 3,794,262 shares of the basic materials company’s stock worth $108,706,000 after buying an additional 935,184 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Sociedad Quimica y Minera by 1.7% in the fourth quarter. Renaissance Technologies LLC now owns 755,900 shares of the basic materials company’s stock worth $21,657,000 after buying an additional 12,400 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Sociedad Quimica y Minera by 19.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,420 shares of the basic materials company’s stock worth $184,000 after buying an additional 1,062 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new position in shares of Sociedad Quimica y Minera during the fourth quarter worth $386,000. Institutional investors and hedge funds own 15.83% of the company’s stock.

About Sociedad Quimica y Minera

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

Get a free copy of the Zacks research report on Sociedad Quimica y Minera (SQM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2286507/zacks-analysts-anticipate-sociedad-quimica-y-minera-s-a-sqm-will-post-earnings-of-0-37-per-share.html

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

 


Leave a Reply

 
© 2006-2017 WKRB News.