Israel Chemicals Ltd (ICL) Expected to Post Earnings of $0.09 Per Share

Equities research analysts predict that Israel Chemicals Ltd (NYSE:ICL) will post $0.09 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Israel Chemicals’ earnings. Israel Chemicals posted earnings per share of $0.11 in the same quarter last year, which would suggest a negative year-over-year growth rate of 18.2%. The company is expected to report its next earnings report on Wednesday, February 13th.

According to Zacks, analysts expect that Israel Chemicals will report full year earnings of $0.37 per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of $0.38 per share. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Israel Chemicals.

Israel Chemicals (NYSE:ICL) last released its earnings results on Thursday, November 1st. The basic materials company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Israel Chemicals had a net margin of 23.84% and a return on equity of 13.67%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business earned $0.09 EPS. The business’s revenue was down 4.8% on a year-over-year basis.

ICL has been the subject of several recent analyst reports. ValuEngine upgraded shares of Israel Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, August 24th. Zacks Investment Research upgraded shares of Israel Chemicals from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. BMO Capital Markets restated a “hold” rating and issued a $5.25 target price on shares of Israel Chemicals in a research note on Wednesday, September 19th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $6.57 target price on shares of Israel Chemicals in a research note on Sunday, October 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Israel Chemicals currently has a consensus rating of “Hold” and a consensus target price of $5.69.

Several hedge funds and other institutional investors have recently made changes to their positions in ICL. Artemis Investment Management LLP acquired a new stake in shares of Israel Chemicals in the third quarter valued at about $49,871,000. FMR LLC acquired a new stake in shares of Israel Chemicals in the third quarter valued at about $25,668,000. Altshuler Shaham Ltd lifted its stake in shares of Israel Chemicals by 441.5% in the third quarter. Altshuler Shaham Ltd now owns 1,370,810 shares of the basic materials company’s stock valued at $8,390,000 after purchasing an additional 1,117,665 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of Israel Chemicals in the third quarter valued at about $4,463,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Israel Chemicals by 2,050.6% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 649,982 shares of the basic materials company’s stock valued at $2,990,000 after purchasing an additional 619,759 shares during the period. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Shares of ICL stock traded up $0.07 during mid-day trading on Friday, hitting $6.30. The stock had a trading volume of 64,140 shares, compared to its average volume of 220,547. Israel Chemicals has a fifty-two week low of $3.85 and a fifty-two week high of $6.90. The stock has a market capitalization of $8.08 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.73 and a current ratio of 1.34.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Tuesday, December 4th will be paid a $0.051 dividend. This is a boost from Israel Chemicals’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Monday, December 3rd. This represents a $0.20 annualized dividend and a dividend yield of 3.24%. Israel Chemicals’s dividend payout ratio (DPR) is 32.26%.

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, salt, and Polysulphate; and produces, markets, and sells pure magnesium and magnesium alloys, as well as produces dry carnallite and related by-products, including chlorine and sylvinite.

Featured Article: Intrinsic Value and Stock Selection

Get a free copy of the Zacks research report on Israel Chemicals (ICL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Israel Chemicals (NYSE:ICL)

Receive News & Ratings for Israel Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Israel Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply