Scotiabank Has Positive Outlook for SQM FY2027 Earnings

Sociedad Quimica y Minera S.A. (NYSE:SQM) – Equities researchers at Scotiabank boosted their FY2027 earnings per share estimates for Sociedad Quimica y Minera in a research report issued on Wednesday, May 27th. Scotiabank analyst B. Isaacson now anticipates that the basic materials company will earn $7.80 per share for the year, up from their previous forecast of $7.52. Scotiabank has a “Sector Outperform” rating and a $105.00 price objective on the stock. The consensus estimate for Sociedad Quimica y Minera’s current full-year earnings is $6.62 per share.

Sociedad Quimica y Minera (NYSE:SQM) last released its quarterly earnings data on Saturday, May 16th. The basic materials company reported $1.28 earnings per share (EPS) for the quarter. Sociedad Quimica y Minera had a return on equity of 12.89% and a net margin of 15.38%.The firm had revenue of $1.76 billion during the quarter.

Several other brokerages also recently commented on SQM. Weiss Ratings reissued a “hold (c)” rating on shares of Sociedad Quimica y Minera in a report on Friday, March 27th. Bank of America boosted their target price on Sociedad Quimica y Minera from $49.00 to $53.00 and gave the stock an “underperform” rating in a report on Wednesday, March 25th. Zacks Research downgraded Sociedad Quimica y Minera from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Wall Street Zen raised Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Sociedad Quimica y Minera in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sociedad Quimica y Minera has an average rating of “Hold” and a consensus price target of $71.83.

Sociedad Quimica y Minera Price Performance

Sociedad Quimica y Minera stock opened at $84.03 on Friday. The stock has a fifty day moving average price of $84.59 and a two-hundred day moving average price of $75.49. Sociedad Quimica y Minera has a 52-week low of $29.36 and a 52-week high of $98.00. The firm has a market capitalization of $24.00 billion, a P/E ratio of 29.48, a P/E/G ratio of 0.26 and a beta of 1.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Earnest Partners LLC lifted its stake in shares of Sociedad Quimica y Minera by 10.2% in the 4th quarter. Earnest Partners LLC now owns 2,106,810 shares of the basic materials company’s stock valued at $144,949,000 after purchasing an additional 195,142 shares during the period. Van ECK Associates Corp grew its position in shares of Sociedad Quimica y Minera by 24.7% during the 4th quarter. Van ECK Associates Corp now owns 2,089,638 shares of the basic materials company’s stock worth $143,767,000 after buying an additional 413,246 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Sociedad Quimica y Minera by 4.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,529,281 shares of the basic materials company’s stock worth $65,729,000 after buying an additional 69,177 shares during the period. RWC Asset Advisors US LLC grew its position in shares of Sociedad Quimica y Minera by 18.7% during the 4th quarter. RWC Asset Advisors US LLC now owns 1,462,794 shares of the basic materials company’s stock worth $100,640,000 after buying an additional 230,132 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Sociedad Quimica y Minera by 87.4% during the 3rd quarter. Bank of America Corp DE now owns 1,239,588 shares of the basic materials company’s stock worth $53,278,000 after buying an additional 578,175 shares during the period. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Quimica y Minera Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were given a $1.0295 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Friday, May 8th. Sociedad Quimica y Minera’s dividend payout ratio (DPR) is presently 129.27%.

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.