Brokerages Expect Israel Chemicals Ltd. (ICL) to Announce $0.08 EPS

Brokerages predict that Israel Chemicals Ltd. (NYSE:ICL) will report earnings of $0.08 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Israel Chemicals’ earnings, with estimates ranging from $0.07 to $0.09. Israel Chemicals reported earnings per share of $0.09 during the same quarter last year, which indicates a negative year over year growth rate of 11.1%. The business is expected to report its next quarterly earnings results on Wednesday, February 21st.

On average, analysts expect that Israel Chemicals will report full year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from $0.26 to $0.28. For the next fiscal year, analysts anticipate that the company will post earnings of $0.34 per share, with EPS estimates ranging from $0.32 to $0.35. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Israel Chemicals.

Israel Chemicals (NYSE:ICL) last posted its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Israel Chemicals had a return on equity of 13.20% and a net margin of 4.47%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS.

Several research firms have recently commented on ICL. Zacks Investment Research raised Israel Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 25th. BMO Capital Markets reaffirmed a “hold” rating on shares of Israel Chemicals in a report on Friday, October 6th. Finally, ValuEngine raised Israel Chemicals from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Israel Chemicals currently has a consensus rating of “Hold” and an average price target of $4.88.

Israel Chemicals (NYSE:ICL) traded down $0.02 on Friday, hitting $4.04. The stock had a trading volume of 95,939 shares, compared to its average volume of 224,471. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of 0.93. The firm has a market cap of $5,241.15, a PE ratio of 21.26 and a beta of 1.16. Israel Chemicals has a 1-year low of $3.85 and a 1-year high of $4.95.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Tuesday, December 5th were issued a dividend of $0.044 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This is a boost from Israel Chemicals’s previous quarterly dividend of $0.02. This represents a $0.18 annualized dividend and a yield of 4.36%. Israel Chemicals’s payout ratio is currently 94.74%.

A number of hedge funds have recently modified their holdings of ICL. Russell Investments Group Ltd. raised its holdings in Israel Chemicals by 80.1% during the second quarter. Russell Investments Group Ltd. now owns 40,566 shares of the basic materials company’s stock worth $189,000 after purchasing an additional 18,041 shares during the last quarter. SG Americas Securities LLC raised its holdings in Israel Chemicals by 22.7% during the second quarter. SG Americas Securities LLC now owns 127,013 shares of the basic materials company’s stock worth $601,000 after purchasing an additional 23,465 shares during the last quarter. Comerica Bank raised its holdings in Israel Chemicals by 514.0% during the second quarter. Comerica Bank now owns 82,311 shares of the basic materials company’s stock worth $387,000 after purchasing an additional 68,906 shares during the last quarter. Swiss National Bank raised its holdings in Israel Chemicals by 5.4% during the second quarter. Swiss National Bank now owns 1,928,014 shares of the basic materials company’s stock worth $9,095,000 after purchasing an additional 98,182 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in Israel Chemicals by 168.7% during the second quarter. Schroder Investment Management Group now owns 88,674 shares of the basic materials company’s stock worth $1,460,000 after purchasing an additional 55,674 shares during the last quarter. 6.37% of the stock is owned by hedge funds and other institutional investors.

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Israel Chemicals Company Profile

Israel Chemicals Ltd. operates as a specialty minerals company worldwide. The company operates through two segments, Essential Minerals and Specialty Solutions. The company extracts potash from the Dead Sea; mines and produces potash and salt from subterranean mines in Spain and the United Kingdom, as well as uses part of the potash to produce compound fertilizers; mines and processes phosphate rock in open mines; and produces sulfuric acid, agricultural phosphoric acid, phosphate fertilizers, compound fertilizers, liquid fertilizers, and soluble fertilizers.

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