What is Scotiabank's Forecast for SQM FY2026 Earnings?

Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) - Stock analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for Sociedad Química y Minera de Chile in a report released on Thursday, May 29th. Scotiabank analyst B. Isaacson now expects that the basic materials company will earn $3.76 per share for the year, down from their previous estimate of $4.49. Scotiabank has a "Sector Outperform" rating and a $45.00 price objective on the stock. The consensus estimate for Sociedad Química y Minera de Chile's current full-year earnings is ($1.31) per share.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The basic materials company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.15). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($3.04) EPS.

Separately, BMO Capital Markets decreased their price objective on Sociedad Química y Minera de Chile from $55.00 to $45.00 and set an "outperform" rating for the company in a report on Thursday, May 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Sociedad Química y Minera de Chile currently has a consensus rating of "Hold" and a consensus target price of $41.86.

Sociedad Química y Minera de Chile Stock Up 0.9%

Shares of NYSE:SQM traded up $0.28 during mid-day trading on Monday, reaching $32.30. 1,049,073 shares of the stock were exchanged, compared to its average volume of 1,076,814. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. The company has a market cap of $9.23 billion, a P/E ratio of -29.10, a P/E/G ratio of 5.00 and a beta of 1.04. Sociedad Química y Minera de Chile has a one year low of $29.36 and a one year high of $47.10. The stock's 50 day simple moving average is $34.34 and its 200-day simple moving average is $37.69.

Hedge Funds Weigh In On Sociedad Química y Minera de Chile

Several hedge funds and other institutional investors have recently modified their holdings of SQM. Brooklyn Investment Group increased its stake in shares of Sociedad Química y Minera de Chile by 61,700.0% in the 1st quarter. Brooklyn Investment Group now owns 618 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 617 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Sociedad Química y Minera de Chile in the 1st quarter worth about $34,000. Kestra Investment Management LLC acquired a new position in Sociedad Química y Minera de Chile in the 4th quarter worth about $39,000. Jones Financial Companies Lllp increased its holdings in Sociedad Química y Minera de Chile by 803.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company's stock worth $39,000 after purchasing an additional 956 shares in the last quarter. Finally, Grove Bank & Trust acquired a new position in Sociedad Química y Minera de Chile in the 1st quarter worth about $46,000. Institutional investors own 12.41% of the company's stock.

About Sociedad Química y Minera de Chile

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.