Israel Chemicals (NYSE:ICL) – Equities researchers at Jefferies Group issued their Q2 2018 earnings per share estimates for shares of Israel Chemicals in a research note issued on Monday, May 14th. Jefferies Group analyst L. Alexander forecasts that the basic materials company will post earnings of $0.09 per share for the quarter. Jefferies Group also issued estimates for Israel Chemicals’ Q3 2018 earnings at $0.11 EPS and Q4 2018 earnings at $0.10 EPS.
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Israel Chemicals (NYSE:ICL) last released its quarterly earnings results on Thursday, May 10th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Israel Chemicals had a net margin of 22.15% and a return on equity of 13.77%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the company earned $0.04 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year.
Other equities research analysts have also recently issued reports about the stock. ValuEngine raised shares of Israel Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Citigroup raised shares of Israel Chemicals from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 21st. Zacks Investment Research cut shares of Israel Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, TheStreet raised shares of Israel Chemicals from a “c+” rating to a “b-” rating in a research report on Friday, March 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $5.00.
Israel Chemicals opened at $4.63 on Tuesday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.62. Israel Chemicals has a 12-month low of $4.61 and a 12-month high of $4.64. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 14.94 and a beta of 1.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ICL. Meitav Dash Investments Ltd. acquired a new stake in shares of Israel Chemicals in the fourth quarter worth approximately $24,290,000. Delek Group Ltd. acquired a new position in Israel Chemicals during the fourth quarter valued at approximately $16,093,000. Arrowstreet Capital Limited Partnership lifted its position in Israel Chemicals by 65.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,065,779 shares of the basic materials company’s stock valued at $12,421,000 after buying an additional 1,209,368 shares in the last quarter. Hsbc Holdings PLC lifted its position in Israel Chemicals by 1,776.5% during the first quarter. Hsbc Holdings PLC now owns 856,705 shares of the basic materials company’s stock valued at $3,632,000 after buying an additional 811,050 shares in the last quarter. Finally, Swiss National Bank lifted its position in Israel Chemicals by 31.3% during the first quarter. Swiss National Bank now owns 2,581,953 shares of the basic materials company’s stock valued at $10,912,000 after buying an additional 615,582 shares in the last quarter. 7.79% of the stock is currently owned by institutional investors and hedge funds.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 20th. Investors of record on Wednesday, June 6th will be given a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, June 6th. This represents a $0.16 annualized dividend and a dividend yield of 3.46%. Israel Chemicals’s dividend payout ratio is presently 70.97%.
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.