What is Scotiabank's Forecast for SQM FY2027 Earnings?

Key Points

• Scotiabank raised its FY2027 EPS forecast for SQM to $9.42, up from $7.79, and maintained a “Sector Outperform” rating with a $104 price target. The new estimate is above the current-year consensus of $7.40 per share.
• SQM’s latest quarterly results exceeded expectations, with EPS of $2.31 versus the $2.03 consensus and revenue of $2.47 billion versus $2.24 billion expected. Revenue increased 136.7% year over year.
• Despite Scotiabank’s bullish outlook, analyst sentiment remains mixed: SQM has an average “Hold” rating and an average price target of $76.27, while the stock recently opened at $79.24.

Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) - Analysts at Scotiabank raised their FY2027 earnings per share estimates for shares of Sociedad Quimica y Minera in a report issued on Monday, August 24th. Scotiabank analyst B. Isaacson now expects that the basic materials company will post earnings of $9.42 per share for the year, up from their prior forecast of $7.79. Scotiabank has a "Sector Outperform" rating and a $104.00 price objective on the stock. The consensus estimate for Sociedad Quimica y Minera's current full-year earnings is $7.40 per share.

SQM has been the topic of several other reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Sociedad Quimica y Minera from $105.00 to $98.00 and set a "buy" rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings upgraded Sociedad Quimica y Minera from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday. The Goldman Sachs Group raised their price objective on Sociedad Quimica y Minera from $64.00 to $82.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. CLSA upgraded Sociedad Quimica y Minera to an "outperform" rating in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. cut Sociedad Quimica y Minera from an "overweight" rating to a "neutral" rating and lifted their target price for the stock from $94.00 to $100.00 in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $76.27.

Sociedad Quimica y Minera Price Performance

SQM stock opened at $79.24 on Wednesday. Sociedad Quimica y Minera has a 52 week low of $40.58 and a 52 week high of $98.00. The firm has a market capitalization of $22.64 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 0.28 and a beta of 0.98. The company has a fifty day simple moving average of $72.89 and a two-hundred day simple moving average of $77.77. The company has a quick ratio of 2.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.58.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The basic materials company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.28. The business had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.24 billion. Sociedad Quimica y Minera had a return on equity of 19.08% and a net margin of 20.62%.The company's revenue for the quarter was up 136.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SQM. Sequoia Financial Advisors LLC increased its holdings in Sociedad Quimica y Minera by 5.9% in the first quarter. Sequoia Financial Advisors LLC now owns 3,767 shares of the basic materials company's stock valued at $305,000 after buying an additional 210 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Sociedad Quimica y Minera by 43.2% during the 1st quarter. Parallel Advisors LLC now owns 822 shares of the basic materials company's stock worth $67,000 after acquiring an additional 248 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Sociedad Quimica y Minera by 1.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,363 shares of the basic materials company's stock worth $988,000 after acquiring an additional 257 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Sociedad Quimica y Minera by 59.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 839 shares of the basic materials company's stock valued at $68,000 after acquiring an additional 313 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of Sociedad Quimica y Minera by 45.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,122 shares of the basic materials company's stock valued at $77,000 after acquiring an additional 353 shares during the period. Institutional investors own 12.41% of the company's stock.

Sociedad Quimica y Minera Company Profile

Sociedad Química y Minera de Chile SA NYSE: SQM is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.

SQM's product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.

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