Equities research analysts forecast that Israel Chemicals Ltd (NYSE:ICL) will report $0.09 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Israel Chemicals’ earnings. Israel Chemicals reported earnings per share of $0.11 in the same quarter last year, which suggests a negative year over year growth rate of 18.2%. The company is scheduled to report its next quarterly 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 year. For the next year, analysts anticipate that the business will post earnings of $0.38 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Israel Chemicals.
Israel Chemicals (NYSE:ICL) last announced its quarterly earnings results on Thursday, November 1st. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. Israel Chemicals had a net margin of 23.84% and a return on equity of 13.67%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Israel Chemicals by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 17,779,677 shares of the basic materials company’s stock valued at $107,211,000 after acquiring an additional 342,187 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in Israel Chemicals by 54.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 57,943 shares of the basic materials company’s stock valued at $354,000 after acquiring an additional 20,315 shares during the last quarter. Jane Street Group LLC lifted its holdings in Israel Chemicals by 138.3% in the 3rd quarter. Jane Street Group LLC now owns 58,504 shares of the basic materials company’s stock valued at $357,000 after acquiring an additional 33,955 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Israel Chemicals in the 3rd quarter valued at about $174,000. Finally, JPMorgan Chase & Co. lifted its holdings in Israel Chemicals by 223.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 633,526 shares of the basic materials company’s stock valued at $3,821,000 after acquiring an additional 437,688 shares during the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.
ICL stock traded down $0.08 during trading on Monday, hitting $5.61. The company had a trading volume of 111,272 shares, compared to its average volume of 157,812. The company has a market capitalization of $7.41 billion, a P/E ratio of 18.10, a PEG ratio of 1.62 and a beta of 1.08. Israel Chemicals has a fifty-two week low of $3.85 and a fifty-two week high of $6.90. The company has a quick ratio of 0.73, a current ratio of 1.34 and a debt-to-equity ratio of 0.44.
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 issued a $0.051 dividend. The ex-dividend date of this dividend is Monday, December 3rd. This represents a $0.20 annualized dividend and a yield of 3.64%. This is an increase from Israel Chemicals’s previous quarterly dividend of $0.04. Israel Chemicals’s dividend payout ratio is presently 16.13%.
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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