Sociedad Química y Minera de Chile (NYSE:SQM) Announces Earnings Results

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

Sociedad Química y Minera de Chile Stock Performance

Shares of NYSE:SQM traded up $0.79 during mid-day trading on Thursday, reaching $40.72. The company had a trading volume of 322,283 shares, compared to its average volume of 1,029,409. 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 current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average price is $38.77 and its 200-day moving average price is $38.81. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of -36.64, a PEG ratio of 5.00 and a beta of 1.08.

Analysts Set New Price Targets

SQM has been the subject of several research reports. Scotiabank reduced their target price 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 note on Monday, November 25th. Deutsche Bank Aktiengesellschaft lowered their target price on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Finally, StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.