Scotiabank Has Bullish Forecast for SQM FY2027 Earnings

Sociedad Quimica y Minera S.A. (NYSE:SQM) – Scotiabank raised their FY2027 earnings per share (EPS) estimates for shares of Sociedad Quimica y Minera in a note issued to investors on Monday, August 24th. Scotiabank analyst B. Isaacson now expects that the basic materials company will post earnings per share of $9.42 for the year, up from their prior forecast of $7.79. Scotiabank currently has a “Sector Outperform” rating and a $104.00 target price on the stock. The consensus estimate for Sociedad Quimica y Minera’s current full-year earnings is $7.40 per share.

Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings results on Friday, August 14th. The basic materials company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.03 by $0.28. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.24 billion. Sociedad Quimica y Minera had a net margin of 20.62% and a return on equity of 19.08%. The firm’s revenue was up 136.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 EPS.

Several other brokerages have also issued reports on SQM. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Sociedad Quimica y Minera from $105.00 to $98.00 and set a “buy” rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings upgraded Sociedad Quimica y Minera from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Wall Street Zen upgraded Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a research note on Saturday. The Goldman Sachs Group increased their target price on Sociedad Quimica y Minera from $64.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. downgraded Sociedad Quimica y Minera from an “overweight” rating to a “neutral” rating and raised their target price for the company from $94.00 to $100.00 in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $76.27.

Sociedad Quimica y Minera Stock Performance

NYSE:SQM opened at $79.24 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.01 and a current ratio of 2.76. The stock has a market capitalization of $22.64 billion, a PE ratio of 16.34, a P/E/G ratio of 0.28 and a beta of 0.98. Sociedad Quimica y Minera has a fifty-two week low of $40.58 and a fifty-two week high of $98.00. The company has a fifty day moving average of $72.89 and a two-hundred day moving average of $77.77.

Institutional Trading of Sociedad Quimica y Minera

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sociedad Quimica y Minera in the fourth quarter valued at about $29,000. Parallel Advisors LLC raised its stake in Sociedad Quimica y Minera by 43.2% during the first quarter. Parallel Advisors LLC now owns 822 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 248 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Sociedad Quimica y Minera by 59.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 839 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 313 shares during the last quarter. Leonteq Securities AG acquired a new position in Sociedad Quimica y Minera in the 4th quarter valued at about $58,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Sociedad Quimica y Minera in the 4th quarter valued at approximately $60,000. 12.41% of the stock is owned by institutional investors and hedge funds.

About Sociedad Quimica y Minera

Sociedad Química y Minera de Chile SA (NYSE: SQM) is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.

SQM’s product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.