Brokerages Anticipate Israel Chemicals Ltd (ICL) Will Announce Earnings of $0.10 Per Share

Wall Street analysts expect Israel Chemicals Ltd (NYSE:ICL) to announce earnings per share (EPS) of $0.10 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Israel Chemicals’ earnings, with estimates ranging from $0.09 to $0.10. Israel Chemicals posted earnings of $0.08 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 25%. The business is scheduled to announce its next quarterly earnings results on Thursday, May 9th.

According to Zacks, analysts expect that Israel Chemicals will report full year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.40 to $0.42. For the next fiscal year, analysts expect that the company will post earnings of $0.46 per share, with EPS estimates ranging from $0.43 to $0.49. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Israel Chemicals.

Israel Chemicals (NYSE:ICL) last released its quarterly earnings results on Wednesday, February 6th. The basic materials company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Israel Chemicals had a return on equity of 12.33% and a net margin of 22.32%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the business posted $0.12 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year.

A number of equities research analysts have commented on ICL shares. Zacks Investment Research upgraded Israel Chemicals from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research note on Wednesday, December 19th. ValuEngine cut Israel Chemicals from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Stephens started coverage on Israel Chemicals in a research note on Tuesday, March 12th. They issued an “overweight” rating for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Israel Chemicals presently has an average rating of “Hold” and an average price target of $6.11.

Israel Chemicals stock traded up $0.02 during midday trading on Thursday, reaching $5.24. The company’s stock had a trading volume of 153,014 shares, compared to its average volume of 191,558. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.75 and a current ratio of 1.39. Israel Chemicals has a 52-week low of $4.17 and a 52-week high of $6.90. The stock has a market cap of $6.81 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 1.35 and a beta of 0.86.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Israel Chemicals by 2.0% in 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 purchasing an additional 342,187 shares during the period. Vanguard Group Inc increased its holdings in shares of Israel Chemicals by 2.0% in 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 purchasing an additional 342,187 shares during the period. Norges Bank acquired a new position in shares of Israel Chemicals in the fourth quarter valued at about $49,164,000. FMR LLC increased its holdings in shares of Israel Chemicals by 23.3% in the fourth quarter. FMR LLC now owns 5,184,711 shares of the basic materials company’s stock valued at $29,395,000 after purchasing an additional 979,159 shares during the period. Finally, Altshuler Shaham Ltd increased its holdings in shares of Israel Chemicals by 208.3% in the fourth quarter. Altshuler Shaham Ltd now owns 4,226,307 shares of the basic materials company’s stock valued at $23,905,000 after purchasing an additional 2,855,497 shares during the period. 10.04% of the stock is currently owned by institutional investors and hedge funds.

Israel Chemicals Company Profile

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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