Zacks: Analysts Anticipate Israel Chemicals Ltd (ICL) to Announce $0.09 Earnings Per Share
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 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.
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