Today, Israel Chemicals Ltd. (ICL) Posts Earnings Results, Hits Expectations

Today, Israel Chemicals Ltd. (ICL) Posts  Earnings Results, Hits Expectations

Israel Chemicals Ltd. (NYSE:ICL) announced its quarterly earnings data on Wednesday. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. Israel Chemicals had a return on equity of 17.44% and a net margin of 7.40%. The company earned $1.38 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year.

Shares of Israel Chemicals (NYSE:ICL) opened at 3.80 on Friday. Israel Chemicals has a 12 month low of $3.52 and a 12 month high of $5.23. The firm has a market cap of $4.84 billion, a P/E ratio of 11.99 and a beta of 1.14. The stock’s 50 day moving average price is $3.74 and its 200-day moving average price is $3.99.

Separately, Zacks Investment Research upgraded Israel Chemicals from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Monday.

Hedge funds have recently bought and sold shares of the company. Jarislowsky Fraser Ltd raised its stake in Israel Chemicals by 3.1% in the second quarter. Jarislowsky Fraser Ltd now owns 29,084 shares of the company’s stock valued at $113,000 after buying an additional 887 shares during the last quarter. Barclays PLC raised its stake in Israel Chemicals by 122.1% in the first quarter. Barclays PLC now owns 85,017 shares of the company’s stock valued at $340,000 after buying an additional 46,732 shares during the last quarter. Public Sector Pension Investment Board raised its stake in Israel Chemicals by 19.0% in the second quarter. Public Sector Pension Investment Board now owns 96,656 shares of the company’s stock valued at $374,000 after buying an additional 15,400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Israel Chemicals by 32.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,216 shares of the company’s stock valued at $386,000 after buying an additional 24,505 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in Israel Chemicals during the second quarter valued at $803,000. 6.51% of the stock is owned by institutional investors.

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