$0.12 Earnings Per Share Expected for Israel Chemicals Ltd (ICL) This Quarter

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Wall Street analysts expect Israel Chemicals Ltd (NYSE:ICL) to announce $0.12 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Israel Chemicals’ earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.12. Israel Chemicals reported earnings per share of $0.09 during the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The company is scheduled to report its next earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Israel Chemicals will report full year earnings of $0.42 per share for the current year, with EPS estimates ranging from $0.40 to $0.45. For the next financial year, analysts expect that the firm will report earnings of $0.47 per share, with EPS estimates ranging from $0.45 to $0.49. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Israel Chemicals.

Israel Chemicals (NYSE:ICL) last announced its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.43 billion. Israel Chemicals had a net margin of 8.10% and a return on equity of 13.33%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share.

ICL has been the subject of several analyst reports. Stephens initiated coverage on shares of Israel Chemicals in a research note on Tuesday, March 12th. They issued an “overweight” rating for the company. ValuEngine downgraded shares of Israel Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Finally, Zacks Investment Research downgraded shares of Israel Chemicals from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $5.94.

Several institutional investors have recently bought and sold shares of ICL. Bank of New York Mellon Corp raised its stake in shares of Israel Chemicals by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 1,982,567 shares of the basic materials company’s stock valued at $11,955,000 after acquiring an additional 19,052 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Israel Chemicals by 223.5% during the third 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 in the last quarter. Jane Street Group LLC raised its stake in shares of Israel Chemicals by 138.3% during the third 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 in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Israel Chemicals by 54.0% during the third 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 in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of 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 valued at $107,211,000 after acquiring an additional 342,187 shares in the last quarter. 10.09% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE ICL opened at $5.44 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.43 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.33 and a beta of 0.85. Israel Chemicals has a 1 year low of $4.48 and a 1 year high of $6.90.

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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Earnings History and Estimates for Israel Chemicals (NYSE:ICL)

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