Wall Street brokerages predict that Israel Chemicals Ltd (NYSE:ICL) will post earnings of $0.09 per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Israel Chemicals’ earnings. Israel Chemicals reported earnings of $0.11 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 18.2%. The business is scheduled to report its next earnings results 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 financial year. For the next financial year, analysts anticipate that the company will post earnings of $0.38 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for Israel Chemicals.

Israel Chemicals (NYSE:ICL) last issued its quarterly earnings results on Thursday, November 1st. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Israel Chemicals had a net margin of 23.84% and a return on equity of 13.67%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business posted $0.09 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year.

A number of research analysts have recently issued reports on ICL shares. 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 reiterated a “hold” rating and set a $5.25 price target on shares of Israel Chemicals in a research note on Wednesday, September 19th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $6.57 price target on shares of Israel Chemicals in a research note on Sunday, October 21st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Israel Chemicals presently has a consensus rating of “Hold” and a consensus target price of $5.69.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Israel Chemicals by 2.0% during the third quarter. Vanguard Group Inc. now owns 17,779,677 shares of the basic materials company’s stock worth $107,211,000 after buying an additional 342,187 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Israel Chemicals by 54.0% in the third quarter. Neuberger Berman Group LLC now owns 57,943 shares of the basic materials company’s stock valued at $354,000 after purchasing an additional 20,315 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Israel Chemicals by 138.3% in the third quarter. Jane Street Group LLC now owns 58,504 shares of the basic materials company’s stock valued at $357,000 after purchasing an additional 33,955 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Israel Chemicals in the third quarter valued at about $174,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Israel Chemicals by 223.5% in the third quarter. JPMorgan Chase & Co. now owns 633,526 shares of the basic materials company’s stock valued at $3,821,000 after purchasing an additional 437,688 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Israel Chemicals stock opened at $5.57 on Monday. Israel Chemicals has a 52-week low of $3.85 and a 52-week high of $6.90. The company has a current ratio of 1.34, a quick ratio of 0.73 and a debt-to-equity ratio of 0.44. The stock has a market cap of $7.26 billion, a PE ratio of 17.97, a PEG ratio of 1.58 and a beta of 1.08.

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 dividend of $0.051 per share. The ex-dividend date is Monday, December 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 3.66%. This is an increase from Israel Chemicals’s previous quarterly dividend of $0.04. Israel Chemicals’s payout ratio is currently 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.

Further Reading: What Does Beta Mean In 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.