Buy or Sell Recommendation? Sociedad Quimica y Minera de Chile S.A.’s (NYSE:SQM)

Sociedad Química y Minera de Chile S.A. (SQM) mentioned revenues recently for the six months ended June 30, 2019 of US$ 150.7 M (US$ 0.57 per share), a decline from US$ 247.7 M (US$ 0.94 per share), representing a 39.1% decline contrast to the profits stated for the 6 months ended June 30, 2018. Gross revenue reached US$ 288.0 M (28.8% of profits) for the 6 months ended June 30, 2019, lower than US$ 417.1 M (36.0% of profits) taped for the 6 months ended June 30, 2018. It has 266.01 million of outstanding shares and its shares drift measured at 44.54.

On Friday 06 Sep 2019, Sociedad Quimica y Minera de Chile S.A.s (NYSE: SQM) shares cost traded in between $24.77 and $25.29 during the last trading session upbeat/downbeat with +0.40% at $24.83. The shares taped a trading volume 611,233 shares as compared to its average volume of 766,322 shares.

Sociedad Química y Minera de Chile S.A. (SQM) stated revenues recently for the six months ended June 30, 2019 of US$ 150.7 M (US$ 0.57 per share), a decline from US$ 247.7 M (US$ 0.94 per share), representing a 39.1% decline contrast to the earnings stated for the 6 months ended June 30, 2018. Gross earnings reached US$ 288.0 M (28.8% of incomes) for the 6 months ended June 30, 2019, lower than US$ 417.1 M (36.0% of incomes) tape-recorded for the six months ended June 30, 2018. Revenues totaled US$ 998.4 M for the 6 months ended June 30, 2019, representing a reduction of 13.7% contrast to US$ 1,157.4 M stated for the 6 months ended June 30, 2018.

The Company likewise reported profits for the second quarter of 2019, reporting earnings of US$ 70.2 M ( US$ 0.27 per share) contrast to US$ 133.9 M ( US$ 0.51 per share) for the second quarter 2018. Gross profit for the 2nd quarter 2019 reached US$ 142.5 M; lower than the US$ 224.4 M taped for the second quarter 2018. Revenues totaled US$ 494.1 M, a decline of about 22.6% contrast to the second quarter 2018, when earnings totaled up to US$ 638.7 M.
” We are expecting greater sales volumes in the potassium chloride organisation line this year than before anticipated, reaching near to 600,000 metric lots, this indicates significantly higher sales volumes during the second half of the year. In addition, our sales volumes might grow in the future as we get back to the salt water extraction levels that we had at the starting of last year. We still anticipate the solar salt sales volumes this year of in between 45,000 and 50,000 metric lots, while for the upcoming years these volumes must grow importantly as we will be supplying a significant job in the Middle East that will require about 400,000 metric loads of item between 2020 and 2022.”
SQM stock rate revealed strong performance of 3.93% in last seven days, switched down -7.21% in last thirty days and it fell -40.13% in last one year. Analysts imply Recommendation on a stock is kept in mind at 2.80. Analyst Recommendation is an outlook of a stock-market expert on a stock. Score Scale: 1.0 represent “Strong Buy” and 2.0 represent “Buy” 3.0 while programs “Hold”. 4.0 display “Sell” and 5.0 expose “Strong Sell” rating. It has 266.01 countless outstanding shares and its shares float determined at 44.54.

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Charlotte Kruse

Charlotte Kruse – Financial My Name is Charlotte Kruse and I am also the main source from the ‘businessnewsideas.com’ of all the exclusive and most delicate visualization of the activities in the industrial classification. My first step towards this journey was taken in the very early years of my life. I started with an independent financial consultant. However, I only had almost 4 years of skills and experience in this market. I have always been a free personality and like to fly one place to another, to explore more and more. Moreover, this passion and craze of traveling gave me a chance to report a section for best news associations. Last but not least, I am presently working full-time as an editor.

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