Wall Street analysts expect Sociedad Quimica y Minera de Chile (NYSE:SQM) to report sales of $571.30 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sociedad Quimica y Minera de Chile’s earnings. The highest sales estimate is $577.40 million and the lowest is $565.20 million. Sociedad Quimica y Minera de Chile posted sales of $574.80 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.6%. The firm is expected to announce its next earnings report on Wednesday, March 13th.
According to Zacks, analysts expect that Sociedad Quimica y Minera de Chile will report full year sales of $2.34 billion for the current year, with estimates ranging from $2.27 billion to $2.40 billion. For the next financial year, analysts forecast that the business will report sales of $2.60 billion, with estimates ranging from $2.10 billion to $2.86 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Sociedad Quimica y Minera de Chile.
Get Sociedad Quimica y Minera de Chile alerts:Several research analysts have issued reports on the company. JPMorgan Chase & Co. lowered Sociedad Quimica y Minera de Chile from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $51.00 to $43.00 in a research note on Friday, March 1st. Zacks Investment Research lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Citigroup lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating and lowered their target price for the company from $53.00 to $41.00 in a research note on Tuesday. Deutsche Bank set a $50.00 target price on Sociedad Quimica y Minera de Chile and gave the company a “buy” rating in a research note on Wednesday, November 28th. Finally, Bank of America lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Sociedad Quimica y Minera de Chile has an average rating of “Hold” and an average target price of $47.17.
Shares of NYSE SQM traded up $0.06 during trading hours on Friday, reaching $37.70. The stock had a trading volume of 880,314 shares, compared to its average volume of 826,366. The company has a current ratio of 4.34, a quick ratio of 2.64 and a debt-to-equity ratio of 0.57. Sociedad Quimica y Minera de Chile has a twelve month low of $36.57 and a twelve month high of $58.69. The firm has a market capitalization of $9.91 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 0.95 and a beta of 1.23.
A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its holdings in Sociedad Quimica y Minera de Chile by 106.9% during the fourth quarter. FMR LLC now owns 2,126,310 shares of the basic materials company’s stock worth $81,438,000 after buying an additional 1,098,410 shares during the last quarter. Earnest Partners LLC bought a new position in Sociedad Quimica y Minera de Chile during the third quarter worth about $89,882,000. Standard Life Aberdeen plc boosted its holdings in Sociedad Quimica y Minera de Chile by 0.3% during the fourth quarter. Standard Life Aberdeen plc now owns 1,927,000 shares of the basic materials company’s stock worth $75,008,000 after buying an additional 5,400 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Sociedad Quimica y Minera de Chile by 11.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,449,337 shares of the basic materials company’s stock worth $55,510,000 after buying an additional 154,410 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Sociedad Quimica y Minera de Chile by 166.6% during the third quarter. Schroder Investment Management Group now owns 1,218,808 shares of the basic materials company’s stock worth $55,724,000 after buying an additional 761,708 shares during the last quarter. Hedge funds and other institutional investors own 10.84% of the company’s stock.
About Sociedad Quimica y Minera de Chile
Sociedad Química 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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