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

Sociedad Química y Minera de Chile (NYSE:SQM) announced 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 negative net margin of 6.74% and a positive return on equity of 16.12%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.01 billion.

Sociedad Química y Minera de Chile Trading Up 2.4 %

NYSE:SQM traded up $0.95 on Thursday, reaching $40.88. The stock had a trading volume of 204,306 shares, compared to its average volume of 1,028,762. Sociedad Química y Minera de Chile has a 12-month low of $32.24 and a 12-month high of $51.90. The company has a market cap of $11.68 billion, a price-to-earnings ratio of -36.74, a P/E/G ratio of 5.00 and a beta of 1.08. The firm’s fifty day moving average is $38.77 and its two-hundred day moving average is $38.81. 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 Analyst Weigh In

Several brokerages have recently commented on SQM. Deutsche Bank Aktiengesellschaft decreased their price target on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Finally, Scotiabank dropped their price target on 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 research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.