Analysts expect Sociedad Quimica y Minera S.A. (NYSE:SQM) to post $0.39 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Sociedad Quimica y Minera’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.39. Sociedad Quimica y Minera reported earnings of $0.32 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.9%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, August 23rd.

According to Zacks, analysts expect that Sociedad Quimica y Minera will report full-year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.43 to $1.50. For the next financial year, analysts expect that the company will report earnings of $1.53 per share, with EPS estimates ranging from $1.52 to $1.54. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Sociedad Quimica y Minera.

SQM has been the topic of several recent research reports. BidaskClub upgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Wednesday, June 21st. Deutsche Bank AG increased their price objective on shares of Sociedad Quimica y Minera from $36.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, May 22nd. BMO Capital Markets reiterated a “hold” rating and issued a $30.00 price objective on shares of Sociedad Quimica y Minera in a research note on Thursday, May 18th. Finally, Vetr upgraded shares of Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating and set a $38.88 price objective on the stock in a research note on Wednesday, May 3rd. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Sociedad Quimica y Minera presently has an average rating of “Buy” and an average target price of $36.98.

Shares of Sociedad Quimica y Minera (NYSE:SQM) traded up 1.89% on Wednesday, hitting $43.72. The company’s stock had a trading volume of 665,868 shares. The firm has a market cap of $11.51 billion, a PE ratio of 35.63 and a beta of 1.06. Sociedad Quimica y Minera has a 1-year low of $24.51 and a 1-year high of $43.84. The company has a 50 day moving average of $39.11 and a 200 day moving average of $35.51.

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Large investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new stake in Sociedad Quimica y Minera during the second quarter worth approximately $66,475,000. Axiom International Investors LLC DE boosted its stake in Sociedad Quimica y Minera by 6.6% in the first quarter. Axiom International Investors LLC DE now owns 1,630,752 shares of the basic materials company’s stock worth $56,049,000 after buying an additional 101,528 shares during the last quarter. Vanguard Group Inc. boosted its stake in Sociedad Quimica y Minera by 8.1% in the second quarter. Vanguard Group Inc. now owns 1,330,104 shares of the basic materials company’s stock worth $43,920,000 after buying an additional 99,529 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Sociedad Quimica y Minera by 31.9% in the second quarter. Goldman Sachs Group Inc. now owns 1,298,535 shares of the basic materials company’s stock worth $42,877,000 after buying an additional 313,786 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in Sociedad Quimica y Minera during the second quarter worth approximately $36,635,000. Institutional investors own 16.74% of the company’s stock.

About Sociedad Quimica y Minera

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

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