Wall Street analysts expect that Sociedad Quimica y Minera de Chile (NYSE:SQM) will report $529.86 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Sociedad Quimica y Minera de Chile’s earnings, with estimates ranging from $496.69 million to $563.03 million. Sociedad Quimica y Minera de Chile reported sales of $638.70 million during the same quarter last year, which indicates a negative year over year growth rate of 17%. The company is scheduled to report its next earnings results after the market closes on Wednesday, August 21st.

On average, analysts expect that Sociedad Quimica y Minera de Chile will report full-year sales of $2.12 billion for the current year, with estimates ranging from $2.03 billion to $2.17 billion. For the next financial year, analysts expect that the business will report sales of $2.33 billion, with estimates ranging from $2.22 billion to $2.48 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Sociedad Quimica y Minera de Chile.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last announced its earnings results on Wednesday, May 22nd. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). 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 $504.20 million for the quarter, compared to the consensus estimate of $487.04 million.

Several equities research analysts have recently weighed in on SQM shares. ValuEngine cut Sociedad Quimica y Minera de Chile from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Vertical Group started coverage on Sociedad Quimica y Minera de Chile in a research report on Monday, April 22nd. They issued a “sell” rating and a $23.00 price objective for the company. BMO Capital Markets cut Sociedad Quimica y Minera de Chile from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $47.00 to $31.00 in a research report on Thursday, May 23rd. JPMorgan Chase & Co. set a $29.00 price objective on Sociedad Quimica y Minera de Chile and gave the company a “hold” rating in a research report on Monday. Finally, Morgan Stanley raised Sociedad Quimica y Minera de Chile from an “underweight” rating to an “equal weight” rating in a research report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.25.

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of Sociedad Quimica y Minera de Chile by 18.6% during the fourth quarter. Geode Capital Management LLC now owns 6,198 shares of the basic materials company’s stock worth $237,000 after purchasing an additional 970 shares during the period. Squarepoint Ops LLC acquired a new stake in Sociedad Quimica y Minera de Chile in the 4th quarter valued at approximately $340,000. Legal & General Group Plc raised its position in Sociedad Quimica y Minera de Chile by 45.8% in the 4th quarter. Legal & General Group Plc now owns 25,764 shares of the basic materials company’s stock valued at $987,000 after buying an additional 8,093 shares during the last quarter. Nordea Investment Management AB raised its position in Sociedad Quimica y Minera de Chile by 5.3% in the 4th quarter. Nordea Investment Management AB now owns 43,524 shares of the basic materials company’s stock valued at $1,667,000 after buying an additional 2,206 shares during the last quarter. Finally, FMR LLC raised its position in Sociedad Quimica y Minera de Chile by 106.9% in the 4th quarter. FMR LLC now owns 2,126,310 shares of the basic materials company’s stock valued at $81,438,000 after buying an additional 1,098,410 shares during the last quarter. Hedge funds and other institutional investors own 10.61% of the company’s stock.

Shares of SQM traded down $1.23 during mid-day trading on Friday, hitting $26.40. The company’s stock had a trading volume of 349,736 shares, compared to its average volume of 769,317. Sociedad Quimica y Minera de Chile has a one year low of $25.72 and a one year high of $48.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.92 and a quick ratio of 2.42. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 2.06 and a beta of 1.08. The business has a 50-day moving average of $29.54.

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.

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