Equities research analysts expect that Sociedad Quimica y Minera de Chile (NYSE:SQM) will announce sales of $499.36 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Sociedad Quimica y Minera de Chile’s earnings, with estimates ranging from $495.68 million to $503.03 million. Sociedad Quimica y Minera de Chile reported sales of $518.70 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.7%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, May 22nd.

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 $2.10 billion to $2.80 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.78 billion, with estimates ranging from $2.37 billion to $3.46 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Sociedad Quimica y Minera de Chile.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its earnings results on Thursday, February 28th. The basic materials company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.03). The company had revenue of $565.20 million during the quarter, compared to the consensus estimate of $560.66 million. Sociedad Quimica y Minera de Chile had a return on equity of 20.29% and a net margin of 19.41%.

SQM has been the topic of a number of recent research reports. Santander lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Morgan Stanley reiterated an “underweight” rating and issued a $35.00 price objective (down previously from $44.00) on shares of Sociedad Quimica y Minera de Chile in a report on Friday, April 12th. Zacks Investment Research downgraded Sociedad Quimica y Minera de Chile from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. downgraded Sociedad Quimica y Minera de Chile from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $51.00 to $43.00 in a report on Friday, March 1st. Finally, TheStreet downgraded Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a report on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Sociedad Quimica y Minera de Chile presently has an average rating of “Hold” and a consensus target price of $42.63.

Institutional investors have recently made changes to their positions in the business. Daiwa Securities Group Inc. bought a new stake in shares of Sociedad Quimica y Minera de Chile in the fourth quarter worth about $38,000. Osborn Williams & Donohoe LLC bought a new stake in shares of Sociedad Quimica y Minera de Chile in the first quarter worth about $45,000. Virtus ETF Advisers LLC increased its holdings in shares of Sociedad Quimica y Minera de Chile by 145.2% in the fourth quarter. Virtus ETF Advisers LLC now owns 1,736 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 1,028 shares in the last quarter. Federated Investors Inc. PA bought a new stake in shares of Sociedad Quimica y Minera de Chile in the third quarter worth about $70,000. Finally, Lavaca Capital LLC bought a new stake in shares of Sociedad Quimica y Minera de Chile in the fourth quarter worth about $76,000. Institutional investors own 11.08% of the company’s stock.

SQM stock traded down $0.13 during mid-day trading on Friday, reaching $34.25. The company had a trading volume of 462,108 shares, compared to its average volume of 778,369. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.32 and a quick ratio of 2.67. The company has a market capitalization of $9.03 billion, a P/E ratio of 20.51, a P/E/G ratio of 1.42 and a beta of 1.02. Sociedad Quimica y Minera de Chile has a 12 month low of $33.58 and a 12 month high of $58.45.

The business also recently disclosed a dividend, which was paid on Friday, May 3rd. Investors of record on Friday, May 3rd were issued a $0.268 dividend. The ex-dividend date was Thursday, May 2nd. Sociedad Quimica y Minera de Chile’s dividend payout ratio is presently 64.07%.

About Sociedad Quimica y Minera de Chile

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.

Further Reading: What is the quiet period?

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

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

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.