Israel Chemicals Ltd. (NYSE:ICL) – Analysts at Jefferies Group cut their FY2019 earnings per share (EPS) estimates for Israel Chemicals in a research note issued on Wednesday. Jefferies Group analyst J. Schnell now forecasts that the basic materials company will earn $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.

Israel Chemicals (NYSE:ICL) last released its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Israel Chemicals had a return on equity of 13.20% and a net margin of 4.47%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS.

ICL has been the topic of several other reports. Zacks Investment Research raised Israel Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 25th. ValuEngine cut Israel Chemicals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Israel Chemicals in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $4.88.

Israel Chemicals (NYSE:ICL) remained flat at $$4.08 during mid-day trading on Friday. 243,900 shares of the company were exchanged, compared to its average volume of 271,633. The firm has a market capitalization of $5,202.89, a P/E ratio of 21.47 and a beta of 1.16. Israel Chemicals has a fifty-two week low of $3.85 and a fifty-two week high of $4.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.70 and a current ratio of 1.24.

A number of institutional investors and hedge funds have recently made changes to their positions in ICL. Vanguard Group Inc. raised its stake in Israel Chemicals by 17.3% during the 2nd quarter. Vanguard Group Inc. now owns 11,583,640 shares of the basic materials company’s stock valued at $54,790,000 after buying an additional 1,712,172 shares during the last quarter. FIL Ltd purchased a new stake in Israel Chemicals during the 2nd quarter valued at $7,261,000. First Eagle Investment Management LLC raised its stake in Israel Chemicals by 1.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 26,215,367 shares of the basic materials company’s stock valued at $116,315,000 after buying an additional 354,015 shares during the last quarter. Citigroup Inc. raised its stake in Israel Chemicals by 89.1% during the 2nd quarter. Citigroup Inc. now owns 729,159 shares of the basic materials company’s stock valued at $3,445,000 after buying an additional 343,584 shares during the last quarter. Finally, River & Mercantile Asset Management LLP raised its stake in Israel Chemicals by 72.4% during the 3rd quarter. River & Mercantile Asset Management LLP now owns 515,001 shares of the basic materials company’s stock valued at $2,274,000 after buying an additional 216,200 shares during the last quarter. Institutional investors and hedge funds own 6.37% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Tuesday, December 5th were paid a dividend of $0.044 per share. The ex-dividend date was Tuesday, December 5th. This is a positive change from Israel Chemicals’s previous quarterly dividend of $0.02. This represents a $0.18 dividend on an annualized basis and a yield of 4.31%. Israel Chemicals’s payout ratio is currently 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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