Scotiabank Has Pessimistic View of SQM FY2025 Earnings

Key Points

• Scotiabank has revised its FY2025 earnings forecast for Sociedad Quimica y Minera (SQM) to $2.54 per share, down from a previous estimate of $2.63.
• In its most recent quarterly earnings report, SQM reported an EPS of $0.31, missing analysts' expectations of $0.52, with revenue of $1.04 billion, also below forecast.
• The stock is currently rated "Hold" on average, with target prices ranging from $41.00 to $55.00 from different analysts.

Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) - Analysts at Scotiabank dropped their FY2025 earnings per share estimates for shares of Sociedad Quimica y Minera in a research note issued to investors on Monday, August 25th. Scotiabank analyst B. Isaacson now anticipates that the basic materials company will earn $2.54 per share for the year, down from their prior estimate of $2.63. Scotiabank currently has a "Sector Outperform" rating and a $45.00 target price on the stock. The consensus estimate for Sociedad Quimica y Minera's current full-year earnings is ($1.31) per share. Scotiabank also issued estimates for Sociedad Quimica y Minera's FY2026 earnings at $4.59 EPS.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.21). Sociedad Quimica y Minera had a return on equity of 9.09% and a net margin of 11.29%.The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. Sociedad Quimica y Minera's revenue for the quarter was down 19.4% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on SQM. Bank of America upped their price objective on Sociedad Quimica y Minera from $36.50 to $43.50 and gave the stock an "underperform" rating in a report on Tuesday, August 26th. Zacks Research upgraded Sociedad Quimica y Minera from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. BMO Capital Markets increased their target price on Sociedad Quimica y Minera from $45.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. increased their target price on Sociedad Quimica y Minera from $39.00 to $41.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $43.10.

Sociedad Quimica y Minera Price Performance

Shares of SQM traded down $0.17 during midday trading on Wednesday, reaching $45.52. The stock had a trading volume of 1,313,259 shares, compared to its average volume of 1,568,779. The company's 50-day moving average is $39.94 and its 200 day moving average is $37.74. Sociedad Quimica y Minera has a 12-month low of $29.36 and a 12-month high of $47.51. The company has a current ratio of 2.92, a quick ratio of 1.96 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 27.25 and a beta of 1.03.

Institutional Investors Weigh In On Sociedad Quimica y Minera

Several institutional investors and hedge funds have recently bought and sold shares of SQM. Lazard Asset Management LLC lifted its holdings in Sociedad Quimica y Minera by 0.9% in the 4th quarter. Lazard Asset Management LLC now owns 1,965,641 shares of the basic materials company's stock worth $71,470,000 after buying an additional 18,255 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in Sociedad Quimica y Minera in the 2nd quarter worth approximately $67,759,000. Kopernik Global Investors LLC lifted its holdings in Sociedad Quimica y Minera by 20.9% in the 2nd quarter. Kopernik Global Investors LLC now owns 1,842,113 shares of the basic materials company's stock worth $64,971,000 after buying an additional 318,445 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sociedad Quimica y Minera by 5.5% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,460,104 shares of the basic materials company's stock worth $51,498,000 after buying an additional 76,378 shares during the period. Finally, Earnest Partners LLC lifted its holdings in Sociedad Quimica y Minera by 2.3% in the 1st quarter. Earnest Partners LLC now owns 1,096,049 shares of the basic materials company's stock worth $43,546,000 after buying an additional 24,710 shares during the period. Hedge funds and other institutional investors own 12.41% of the company's stock.

About Sociedad Quimica y Minera

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.