Sociedad Química y Minera de Chile S.A. Forecasted to Earn FY2022 Earnings of $13.00 Per Share (NYSE:SQM)

Sociedad Química y Minera de Chile S.A. (NYSE:SQMGet Rating) – Equities researchers at Jefferies Financial Group increased their FY2022 earnings estimates for Sociedad Química y Minera de Chile in a note issued to investors on Monday, November 21st. Jefferies Financial Group analyst L. Alexander now anticipates that the basic materials company will post earnings per share of $13.00 for the year, up from their prior estimate of $12.55. The consensus estimate for Sociedad Química y Minera de Chile’s current full-year earnings is $13.08 per share. Jefferies Financial Group also issued estimates for Sociedad Química y Minera de Chile’s FY2023 earnings at $16.75 EPS and FY2025 earnings at $6.60 EPS.

A number of other equities analysts have also weighed in on SQM. Citigroup lowered their price objective on shares of Sociedad Química y Minera de Chile from $123.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, November 18th. StockNews.com upgraded shares of Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating in a research report on Saturday. BMO Capital Markets upped their price target on shares of Sociedad Química y Minera de Chile from $125.00 to $130.00 in a report on Friday, September 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Sociedad Química y Minera de Chile from $128.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, November 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $97.14.

Sociedad Química y Minera de Chile Stock Performance

Shares of Sociedad Química y Minera de Chile stock opened at $97.14 on Tuesday. The firm’s fifty day simple moving average is $96.08 and its 200-day simple moving average is $95.42. The stock has a market capitalization of $27.75 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 0.47 and a beta of 0.83. Sociedad Química y Minera de Chile has a 12 month low of $46.13 and a 12 month high of $115.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 1.33.

Institutional Investors Weigh In On Sociedad Química y Minera de Chile

Several institutional investors have recently bought and sold shares of the business. Huntington National Bank purchased a new position in shares of Sociedad Química y Minera de Chile in the third quarter valued at $27,000. Private Capital Group LLC raised its holdings in shares of Sociedad Química y Minera de Chile by 15,400.0% during the second quarter. Private Capital Group LLC now owns 310 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 308 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Sociedad Química y Minera de Chile during the third quarter worth $29,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Sociedad Química y Minera de Chile in the 2nd quarter worth about $41,000. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Sociedad Química y Minera de Chile in the 3rd quarter worth about $375,000. 22.52% of the stock is currently owned by hedge funds and other institutional investors.

Sociedad Química y Minera de Chile Company Profile

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Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.

See Also

Earnings History and Estimates for Sociedad Química y Minera de Chile (NYSE:SQM)

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