Scotiabank Has Bearish Estimate for SQM FY2026 Earnings

Sociedad Quimica y Minera S.A. (NYSE:SQM) – Investment analysts at Scotiabank dropped their FY2026 earnings per share estimates for Sociedad Quimica y Minera in a report released on Monday, November 24th. Scotiabank analyst B. Isaacson now expects that the basic materials company will post earnings of $3.69 per share for the year, down from their previous forecast of $4.59. Scotiabank has a “Sector Outperform” rating on the stock. The consensus estimate for Sociedad Quimica y Minera’s current full-year earnings is ($1.31) per share. Scotiabank also issued estimates for Sociedad Quimica y Minera’s FY2027 earnings at $5.83 EPS.

SQM has been the subject of a number of other reports. Bank of America raised their target price on shares of Sociedad Quimica y Minera from $36.50 to $43.50 and gave the stock an “underperform” rating in a report on Tuesday, August 26th. Jefferies Financial Group reiterated a “hold” rating and issued a $50.00 target price (down from $53.00) on shares of Sociedad Quimica y Minera in a report on Monday, October 6th. Itau BBA Securities began coverage on shares of Sociedad Quimica y Minera in a report on Thursday, September 4th. They set an “outperform” rating and a $55.00 price target on the stock. BMO Capital Markets lifted their price objective on shares of Sociedad Quimica y Minera from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Rothschild & Co Redburn began coverage on Sociedad Quimica y Minera in a report on Friday, October 24th. They issued a “neutral” rating and a $54.00 target price on the stock. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $49.07.

Sociedad Quimica y Minera Trading Up 5.6%

Shares of SQM stock opened at $61.76 on Wednesday. The stock has a 50-day simple moving average of $47.59 and a 200 day simple moving average of $41.51. The stock has a market capitalization of $17.64 billion, a P/E ratio of 36.98 and a beta of 1.14. Sociedad Quimica y Minera has a fifty-two week low of $29.36 and a fifty-two week high of $64.60. The company has a quick ratio of 1.93, a current ratio of 2.92 and a debt-to-equity ratio of 0.70.

Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings results on Tuesday, November 18th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.06). Sociedad Quimica y Minera had a net margin of 11.29% and a return on equity of 9.09%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year.

Hedge Funds Weigh In On Sociedad Quimica y Minera

Hedge funds have recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its stake in Sociedad Quimica y Minera by 61,700.0% in the first quarter. Brooklyn Investment Group now owns 618 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 617 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Sociedad Quimica y Minera during the 1st quarter valued at $34,000. Farther Finance Advisors LLC lifted its stake in shares of Sociedad Quimica y Minera by 153.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 969 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 586 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in Sociedad Quimica y Minera in the third quarter worth $43,000. Finally, IFP Advisors Inc increased its position in Sociedad Quimica y Minera by 728.0% during the first quarter. IFP Advisors Inc now owns 1,242 shares of the basic materials company’s stock worth $49,000 after buying an additional 1,092 shares during the last quarter. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Quimica y Minera Company Profile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.