Scotiabank Has Negative Outlook of SQM FY2027 Earnings

Sociedad Quimica y Minera S.A. (NYSE:SQM) – Stock analysts at Scotiabank dropped their FY2027 earnings estimates for shares of Sociedad Quimica y Minera in a note issued to investors on Monday, July 27th. Scotiabank analyst B. Isaacson now anticipates that the basic materials company will post earnings of $7.79 per share for the year, down from their prior forecast of $7.80. Scotiabank currently has a “Sector Outperform” rating and a $93.00 price target on the stock. The consensus estimate for Sociedad Quimica y Minera’s current full-year earnings is $7.45 per share.

Sociedad Quimica y Minera (NYSE:SQM) last released its earnings results on Saturday, May 16th. The basic materials company reported $1.28 EPS for the quarter. The business had revenue of $1.76 billion during the quarter. Sociedad Quimica y Minera had a net margin of 15.38% and a return on equity of 11.99%.

A number of other brokerages also recently commented on SQM. CLSA upgraded Sociedad Quimica y Minera to an “outperform” rating in a research report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft cut their target price on 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. The Goldman Sachs Group upped their target price on Sociedad Quimica y Minera from $64.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, Wall Street Zen upgraded Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Sociedad Quimica y Minera presently has a consensus rating of “Hold” and an average target price of $73.58.

Sociedad Quimica y Minera Trading Up 1.5%

Sociedad Quimica y Minera stock opened at $68.55 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.01 and a current ratio of 2.76. The firm has a market cap of $19.58 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 0.18 and a beta of 0.97. Sociedad Quimica y Minera has a 1 year low of $35.67 and a 1 year high of $98.00. The firm’s 50 day moving average price is $75.23 and its two-hundred day moving average price is $78.61.

Institutional Trading of Sociedad Quimica y Minera

Large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sociedad Quimica y Minera in the fourth quarter valued at $29,000. GAMMA Investing LLC boosted its position in shares of Sociedad Quimica y Minera by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 441 shares of the basic materials company’s stock worth $30,000 after buying an additional 256 shares during the period. Fulcrum Asset Management LLP purchased a new position in shares of Sociedad Quimica y Minera during the third quarter valued at $43,000. Signaturefd LLC grew its holdings in shares of Sociedad Quimica y Minera by 37.0% during the fourth quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock valued at $45,000 after buying an additional 177 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in Sociedad Quimica y Minera during the third quarter valued at $49,000. 12.41% of the stock is owned by institutional investors and hedge funds.

About Sociedad Quimica y Minera

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.