Scotiabank Analysts Decrease Earnings Estimates for SQM

Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) - Analysts at Scotiabank reduced their FY2026 earnings per share estimates for shares of Sociedad Química y Minera de Chile in a report released on Thursday, May 29th. Scotiabank analyst B. Isaacson now anticipates that the basic materials company will earn $3.76 per share for the year, down from their previous estimate of $4.49. Scotiabank currently has a "Sector Outperform" rating and a $45.00 price target 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 issued its earnings results on Wednesday, May 28th. The basic materials company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.15). Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company posted ($3.04) earnings per share. The firm's revenue for the quarter was down 4.4% on a year-over-year basis.

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

Sociedad Química y Minera de Chile Stock Performance

SQM traded up $0.79 on Monday, hitting $30.82. 1,042,997 shares of the company's stock were exchanged, compared to its average volume of 1,126,194. 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 stock has a fifty day moving average of $34.85 and a two-hundred day moving average of $37.82. Sociedad Química y Minera de Chile has a twelve month low of $29.36 and a twelve month high of $47.10. The firm has a market cap of $8.80 billion, a PE ratio of -27.76, a P/E/G ratio of 5.00 and a beta of 1.11.

Institutional Trading of Sociedad Química y Minera de Chile

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio acquired a new position in Sociedad Química y Minera de Chile in the first quarter worth approximately $7,346,000. Everstar Asset Management LLC acquired a new position in shares of Sociedad Química y Minera de Chile in the 1st quarter worth $429,000. Goldman Sachs Group Inc. raised its position in shares of Sociedad Química y Minera de Chile by 53.8% during the first quarter. Goldman Sachs Group Inc. now owns 358,646 shares of the basic materials company's stock worth $14,249,000 after purchasing an additional 125,506 shares during the period. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Sociedad Química y Minera de Chile by 37.5% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 13,212 shares of the basic materials company's stock valued at $525,000 after purchasing an additional 3,600 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. acquired a new position in shares of Sociedad Química y Minera de Chile in the 1st quarter valued at $3,178,000. 12.41% of the stock is currently owned by institutional investors.

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.