Wall Street brokerages expect that Israel Chemicals Ltd (NYSE:ICL) will report earnings per share (EPS) of $0.06 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Israel Chemicals’ earnings. Israel Chemicals posted earnings per share of $0.10 during the same quarter last year, which would indicate a negative year-over-year growth rate of 40%. The business is expected to announce its next earnings report on Wednesday, February 5th.
According to Zacks, analysts expect that Israel Chemicals will report full-year earnings of $0.40 per share for the current fiscal year, with EPS estimates ranging from $0.40 to $0.41. For the next year, analysts forecast that the firm will report earnings of $0.43 per share, with EPS estimates ranging from $0.41 to $0.45. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Israel Chemicals.
Israel Chemicals (NYSE:ICL) last released its earnings results on Thursday, November 7th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Israel Chemicals had a return on equity of 13.82% and a net margin of 9.13%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the firm earned $0.10 EPS. The firm’s revenue was down 3.4% on a year-over-year basis.
A number of institutional investors and hedge funds have recently made changes to their positions in ICL. Phoenix Holdings Ltd. acquired a new stake in Israel Chemicals during the 3rd quarter worth about $13,547,000. Vanguard Group Inc. grew its position in shares of Israel Chemicals by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 19,161,577 shares of the basic materials company’s stock valued at $99,639,000 after acquiring an additional 518,451 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Israel Chemicals by 13.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,088,652 shares of the basic materials company’s stock valued at $10,861,000 after acquiring an additional 247,857 shares during the period. Russell Investments Group Ltd. grew its position in shares of Israel Chemicals by 92.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 433,065 shares of the basic materials company’s stock valued at $2,151,000 after acquiring an additional 207,646 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Israel Chemicals by 86.0% during the 2nd quarter. Jane Street Group LLC now owns 283,540 shares of the basic materials company’s stock valued at $1,484,000 after acquiring an additional 131,105 shares during the period. 5.62% of the stock is currently owned by institutional investors.
NYSE ICL opened at $4.42 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.51 and a quick ratio of 0.84. The stock’s fifty day moving average price is $4.62 and its 200 day moving average price is $4.77. Israel Chemicals has a 1 year low of $4.36 and a 1 year high of $5.90. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.09 and a beta of 0.92.
About Israel Chemicals
Israel Chemicals Ltd. operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.
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