FY2019 Earnings Estimate for Israel Chemicals Ltd. Issued By Jefferies Group (ICL)
Israel Chemicals Ltd. (NYSE:ICL) – Equities researchers at Jefferies Group dropped their FY2019 earnings estimates for Israel Chemicals in a note issued to investors on Wednesday. Jefferies Group analyst J. Schnell now anticipates that the basic materials company will post earnings of $0.35 per share for the year, down from their previous forecast of $0.40. Jefferies Group also issued estimates for Israel Chemicals’ FY2020 earnings at $0.40 EPS.
Several other research analysts have also commented on ICL. Zacks Investment Research upgraded shares of Israel Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 25th. BMO Capital Markets reiterated a “hold” rating on shares of Israel Chemicals in a research note on Friday, October 6th. Finally, ValuEngine lowered shares of Israel Chemicals from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $4.88.
Israel Chemicals (NYSE ICL) opened at $4.11 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.24 and a quick ratio of 0.70. Israel Chemicals has a 1-year low of $3.85 and a 1-year high of $4.95. The company has a market cap of $5,241.15, a price-to-earnings ratio of 21.63 and a beta of 1.16.
Israel Chemicals (NYSE:ICL) last issued its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Israel Chemicals had a net margin of 4.47% and a return on equity of 13.20%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis.
Institutional investors have recently modified their holdings of the stock. Stevens Capital Management LP bought a new position in shares of Israel Chemicals in the 3rd quarter worth about $105,000. Russell Investments Group Ltd. increased its stake in shares of Israel Chemicals by 80.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 40,566 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 18,041 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Israel Chemicals in the 3rd quarter worth about $214,000. Comerica Bank increased its stake in shares of Israel Chemicals by 514.0% in the 2nd quarter. Comerica Bank now owns 82,311 shares of the basic materials company’s stock worth $387,000 after acquiring an additional 68,906 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of Israel Chemicals by 18.4% in the 2nd quarter. Voya Investment Management LLC now owns 87,358 shares of the basic materials company’s stock worth $412,000 after acquiring an additional 13,584 shares in the last quarter. Institutional investors own 6.37% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Tuesday, December 5th were paid a $0.044 dividend. This represents a $0.18 annualized dividend and a dividend yield of 4.28%. This is a positive change from Israel Chemicals’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, December 5th. Israel Chemicals’s dividend payout ratio (DPR) is presently 94.74%.
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About Israel Chemicals
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 and salt from subterranean mines in Spain and the United Kingdom, as well as uses part of the potash to produce compound fertilizers; mines and processes phosphate rock in open mines; and produces sulfuric acid, agricultural phosphoric acid, phosphate fertilizers, compound fertilizers, liquid fertilizers, and soluble fertilizers.
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