Trading Report: Today, Israel Chemicals Ltd. (ICL) Issues Quarterly Earnings Results, Hits Estimates

Today, Israel Chemicals Ltd. (ICL) Issues Quarterly  Earnings Results, Hits Estimates

Israel Chemicals Ltd. (NYSE:ICL) posted its quarterly earnings results on Wednesday. The company reported $0.09 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The company had revenue of $1.38 billion for the quarter. Israel Chemicals had a net margin of 7.40% and a return on equity of 17.44%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 EPS.

Shares of Israel Chemicals (NYSE:ICL) traded down 2.63% on Friday, reaching $3.70. 38,070 shares of the company’s stock traded hands. Israel Chemicals has a 52 week low of $3.52 and a 52 week high of $5.23. The firm has a market capitalization of $4.71 billion, a P/E ratio of 11.67 and a beta of 1.14. The firm’s 50 day moving average is $3.74 and its 200 day moving average is $3.99.

Separately, Zacks Investment Research downgraded shares of Israel Chemicals from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd.

A number of large investors have recently made changes to their positions in ICL. Credit Suisse AG boosted its stake in shares of Israel Chemicals by 10.9% in the third quarter. Credit Suisse AG now owns 964,988 shares of the company’s stock valued at $3,763,000 after buying an additional 94,506 shares during the period. Scopus Asset Management L.P. purchased a new position in shares of Israel Chemicals during the third quarter valued at $1,949,000. The Manufacturers Life Insurance Company purchased a new position in shares of Israel Chemicals during the third quarter valued at $951,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of 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, Nikko Asset Management Americas Inc. boosted its position in shares of Israel Chemicals by 27.6% in the third quarter. Nikko Asset Management Americas Inc. now owns 911,526 shares of the company’s stock valued at $3,546,000 after buying an additional 197,243 shares during the last quarter. 6.51% of the stock is currently owned by institutional investors.

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