Sociedad Química y Minera de Chile (NYSE:SQM) Issues Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Sociedad Química y Minera de Chile (NYSE:SQM) issued its quarterly earnings results on Tuesday. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.10), Zacks reports. Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.01 billion.

Sociedad Química y Minera de Chile Stock Up 1.7 %

Shares of SQM traded up $0.69 during midday trading on Thursday, hitting $40.62. The company had a trading volume of 246,785 shares, compared to its average volume of 1,028,960. The stock has a market cap of $11.60 billion, a price-to-earnings ratio of -36.57, a PEG ratio of 5.00 and a beta of 1.08. Sociedad Química y Minera de Chile has a 52 week low of $32.24 and a 52 week high of $51.90. The company’s 50 day moving average price is $38.77 and its 200 day moving average price is $38.81. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74.

Analyst Ratings Changes

Several equities research analysts have commented on SQM shares. Deutsche Bank Aktiengesellschaft dropped their price target on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Finally, Scotiabank dropped their price objective on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.56.

Sociedad Química y Minera de Chile 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.