Israel Chemicals (NYSE:ICL) announced its earnings results on Thursday. The basic materials company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01, Morningstar.com reports. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.38 billion. Israel Chemicals had a net margin of 22.74% and a return on equity of 14.16%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS.
Shares of ICL stock traded down $0.13 during mid-day trading on Friday, reaching $5.98. 119,010 shares of the company’s stock traded hands, compared to its average volume of 210,650. Israel Chemicals has a 12 month low of $3.85 and a 12 month high of $6.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.35 and a quick ratio of 0.76. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.75 and a beta of 1.07.
A number of brokerages have weighed in on ICL. Zacks Investment Research upgraded shares of Israel Chemicals from a “sell” rating to a “hold” rating in a research note on Tuesday. Jefferies Financial Group reiterated a “hold” rating and set a $6.57 target price on shares of Israel Chemicals in a research note on Sunday, October 21st. BMO Capital Markets reiterated a “hold” rating and set a $5.25 target price on shares of Israel Chemicals in a research note on Wednesday, September 19th. Finally, ValuEngine raised shares of Israel Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, August 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Israel Chemicals currently has a consensus rating of “Hold” and a consensus price target of $5.69.
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.
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