Israel Chemicals (NYSE:ICL) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03, Morningstar.com reports. The firm had revenue of $1.36 billion for the quarter. Israel Chemicals had a net margin of 4.47% and a return on equity of 13.20%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS.
Israel Chemicals (ICL) traded up $0.19 during mid-day trading on Wednesday, hitting $4.15. 214,241 shares of the company traded hands, compared to its average volume of 369,209. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.70 and a current ratio of 1.24. Israel Chemicals has a 52 week low of $3.85 and a 52 week high of $4.95. The company has a market cap of $5,049.86, a price-to-earnings ratio of 21.74 and a beta of 1.16.
ICL has been the topic of several research reports. ValuEngine upgraded shares of Israel Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Israel Chemicals from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Israel Chemicals presently has a consensus rating of “Hold” and an average target price of $4.88.
Several hedge funds have recently added to or reduced their stakes in the stock. Stevens Capital Management LP bought a new stake in Israel Chemicals in the 3rd quarter worth $105,000. Amundi Pioneer Asset Management Inc. bought a new stake in Israel Chemicals in the 4th quarter worth $171,000. Geode Capital Management LLC bought a new stake in Israel Chemicals in the 4th quarter worth $182,000. Citadel Advisors LLC bought a new stake in Israel Chemicals in the 3rd quarter worth $214,000. Finally, Russell Investments Group Ltd. grew its holdings in Israel Chemicals by 117.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 88,128 shares of the basic materials company’s stock worth $390,000 after acquiring an additional 47,562 shares during the last quarter. 6.31% of the stock is currently owned by 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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