Sociedad Química y Minera de Chile (NYSE:SQM) Issues Earnings Results, Misses Expectations By $0.17 EPS

Sociedad Química y Minera de Chile (NYSE:SQM) announced its quarterly earnings results on Wednesday. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.17), Zacks reports. Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion.

Sociedad Química y Minera de Chile Stock Performance

Shares of NYSE SQM opened at $32.71 on Wednesday. The company’s fifty day moving average price is $35.82 and its 200 day moving average price is $38.02. Sociedad Química y Minera de Chile has a 1 year low of $31.27 and a 1 year high of $50.73. The company has a market capitalization of $9.34 billion, a PE ratio of -29.47, a price-to-earnings-growth ratio of 5.00 and a beta of 1.11. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94.

Institutional Trading of Sociedad Química y Minera de Chile

A hedge fund recently raised its stake in Sociedad Química y Minera de Chile stock. Goldman Sachs Group Inc. boosted its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 53.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 358,646 shares of the basic materials company’s stock after acquiring an additional 125,506 shares during the period. Goldman Sachs Group Inc. owned about 0.13% of Sociedad Química y Minera de Chile worth $14,249,000 at the end of the most recent quarter. 12.41% of the stock is owned by institutional investors and hedge funds.

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.