Sociedad Quimica y Minera (NYSE:SQM – Get Free Report) released its quarterly earnings data on Tuesday. The basic materials company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.03 by $0.28, reports. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.24 billion. Sociedad Quimica y Minera had a net margin of 15.38% and a return on equity of 11.99%. The company’s revenue was up 136.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share.
Sociedad Quimica y Minera Trading Up 2.1%
NYSE:SQM traded up $1.57 during trading hours on Wednesday, hitting $76.05. 770,459 shares of the company were exchanged, compared to its average volume of 1,259,512. Sociedad Quimica y Minera has a one year low of $40.58 and a one year high of $98.00. The company has a current ratio of 2.76, a quick ratio of 2.01 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $73.04 and a 200 day simple moving average of $77.69. The stock has a market capitalization of $21.72 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 0.20 and a beta of 0.98.
Institutional Trading of Sociedad Quimica y Minera
Institutional investors have recently modified their holdings of the business. Compound Planning Inc. purchased a new stake in Sociedad Quimica y Minera in the fourth quarter worth approximately $1,001,000. Ameriflex Group Inc. bought a new stake in Sociedad Quimica y Minera in the fourth quarter worth $60,000. Mackenzie Financial Corp purchased a new position in shares of Sociedad Quimica y Minera in the fourth quarter worth $1,553,000. XTX Topco Ltd raised its stake in Sociedad Quimica y Minera by 190.2% during the 4th quarter. XTX Topco Ltd now owns 28,722 shares of the basic materials company’s stock valued at $1,976,000 after buying an additional 18,825 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Sociedad Quimica y Minera during the 4th quarter valued at $828,000. 12.41% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on SQM
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.
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