Scotiabank Has Positive Outlook for SQM FY2026 Earnings

Key Points

• Scotiabank slightly raised its FY2026 EPS estimate for SQM to $8.59 from $8.58, maintaining a Sector Outperform rating and a $104 price target. The estimate is above the reported current full-year consensus of $7.45 per share.
• SQM’s latest quarterly results beat expectations: EPS was $2.31 versus $2.03 forecast, and revenue reached $2.47 billion versus $2.24 billion expected, up 136.7% year over year.
• Analyst views are mixed: MarketBeat reports a consensus Hold rating and an $82 average target price, while individual ratings range from strong buy to sell.

Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) - Investment analysts at Scotiabank raised their FY2026 earnings per share estimates for Sociedad Quimica y Minera in a report released on Monday, November 2nd. Scotiabank analyst B. Isaacson now expects that the basic materials company will post earnings of $8.59 per share for the year, up from their previous forecast of $8.58. Scotiabank has a "Sector Outperform" rating and a $104.00 price target on the stock. The consensus estimate for Sociedad Quimica y Minera's current full-year earnings is $7.45 per share.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last released its earnings results on Friday, August 14th. The basic materials company reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.28. Sociedad Quimica y Minera had a return on equity of 18.20% and a net margin of 20.62%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm posted $0.79 earnings per share. The firm's revenue for the quarter was up 136.7% compared to the same quarter last year.

Several other research analysts have also recently weighed in on SQM. JPMorgan Chase & Co. decreased their target price on Sociedad Quimica y Minera from $94.00 to $88.00 and set a "neutral" rating for the company in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Sociedad Quimica y Minera from $94.00 to $81.00 and set a "buy" rating on the stock in a research report on Tuesday, October 27th. Zacks Research downgraded shares of Sociedad Quimica y Minera from a "hold" rating to a "strong sell" rating in a report on Friday, October 23rd. Wall Street Zen upgraded shares of Sociedad Quimica y Minera from a "buy" rating to a "strong-buy" rating in a research report on Sunday, October 25th. Finally, Weiss Ratings lowered shares of Sociedad Quimica y Minera from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $82.00.

Sociedad Quimica y Minera Stock Up 7.1%

SQM opened at $57.54 on Thursday. Sociedad Quimica y Minera has a one year low of $46.15 and a one year high of $98.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.96 and a current ratio of 2.61. The stock's fifty day moving average is $66.42 and its 200-day moving average is $75.13. The company has a market capitalization of $16.44 billion, a PE ratio of 11.86, a P/E/G ratio of 0.18 and a beta of 1.10.

Hedge Funds Weigh In On Sociedad Quimica y Minera

A number of hedge funds have recently modified their holdings of the stock. Nykredit A S acquired a new position in shares of Sociedad Quimica y Minera in the second quarter worth about $2,756,000. Amundi increased its position in shares of Sociedad Quimica y Minera by 15.0% in the first quarter. Amundi now owns 640,499 shares of the basic materials company's stock worth $51,842,000 after acquiring an additional 83,738 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Sociedad Quimica y Minera by 602.0% in the first quarter. Renaissance Technologies LLC now owns 502,484 shares of the basic materials company's stock worth $40,671,000 after acquiring an additional 430,900 shares in the last quarter. ARGA Investment Management LP acquired a new stake in shares of Sociedad Quimica y Minera during the first quarter valued at approximately $21,297,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Sociedad Quimica y Minera during the second quarter valued at approximately $8,869,000. 12.41% of the stock is currently owned by institutional investors and hedge funds.

Sociedad Quimica y Minera Announces Dividend

The business also recently disclosed a special dividend, which was paid on Monday, September 21st. Stockholders of record on Tuesday, September 8th were paid a dividend of $1.4350 per share. The ex-dividend date of this dividend was Tuesday, September 8th. Sociedad Quimica y Minera's dividend payout ratio (DPR) is currently 34.85%.

Sociedad Quimica y Minera Company Profile

Sociedad Química y Minera de Chile SA NYSE: SQM, commonly known as SQM, is a Chilean chemical and mining company headquartered in Santiago. Founded in 1968, the company develops and produces specialty chemicals and plant nutrients from mineral resources in northern Chile.

SQM is one of the world's major producers of lithium compounds, including lithium carbonate and lithium hydroxide, which are used in rechargeable batteries and other industrial applications. The company also produces iodine and iodine derivatives, potassium chloride, potassium sulfate, industrial chemicals, and specialty plant nutrition products.

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