Sociedad Quimica y Minera de Chile (NYSE:SQM) released its quarterly earnings results on Wednesday. The basic materials company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.09), Fidelity Earnings reports. The company had revenue of $494.10 million during the quarter, compared to analysts’ expectations of $525.73 million. Sociedad Quimica y Minera de Chile had a return on equity of 19.01% and a net margin of 18.06%. The firm’s revenue was down 22.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS.
Sociedad Quimica y Minera de Chile stock opened at $23.71 on Friday. The stock has a market cap of $6.91 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 1.98 and a beta of 1.08. The company has a current ratio of 3.92, a quick ratio of 2.42 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average of $28.71 and a 200-day moving average of $34.49. Sociedad Quimica y Minera de Chile has a 52 week low of $23.32 and a 52 week high of $48.80.
SQM has been the subject of several research analyst reports. Deutsche Bank set a $32.00 target price on Sociedad Quimica y Minera de Chile and gave the company a “hold” rating in a research note on Tuesday, May 28th. ValuEngine cut Sociedad Quimica y Minera de Chile from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Morgan Stanley upgraded Sociedad Quimica y Minera de Chile from an “underweight” rating to an “equal weight” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. cut Sociedad Quimica y Minera de Chile from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $29.00 to $23.00 in a research note on Thursday. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Sociedad Quimica y Minera de Chile in a research note on Friday. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.50.
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.
Further Reading: Retained Earnings
Receive News & Ratings for Sociedad Quimica y Minera de Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sociedad Quimica y Minera de Chile and related companies with MarketBeat.com's FREE daily email newsletter.