Sociedad Química y Minera de Chile (NYSE:SQM) Announces Earnings Results, Misses Expectations By $0.10 EPS

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

Sociedad Química y Minera de Chile Trading Up 2.0 %

Shares of Sociedad Química y Minera de Chile stock traded up $0.79 on Thursday, hitting $40.72. 322,283 shares of the company’s stock traded hands, compared to its average volume of 1,029,409. The company has a fifty day moving average of $38.77 and a two-hundred day moving average of $38.81. Sociedad Química y Minera de Chile has a one year low of $32.24 and a one year high of $51.90. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of -36.64, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05.

Wall Street Analysts Forecast Growth

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