Israel Chemicals Shs (NYSE:ICL) – Investment analysts at Jefferies Group raised their Q4 2017 earnings per share (EPS) estimates for Israel Chemicals Shs in a research note issued to investors on Thursday. Jefferies Group analyst J. Schnell now forecasts that the basic materials company will post earnings of $0.10 per share for the quarter, up from their previous forecast of $0.08. Jefferies Group currently has a “Hold” rating and a $5.25 price objective on the stock. Jefferies Group also issued estimates for Israel Chemicals Shs’ FY2019 earnings at $0.40 EPS.
Israel Chemicals Shs (NYSE:ICL) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. Israel Chemicals Shs had a negative net margin of 3.43% and a positive return on equity of 13.55%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business posted $0.09 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/08/19/q4-2017-earnings-estimate-for-israel-chemicals-shs-issued-by-jefferies-group-icl-updated.html.
Several other research analysts have also issued reports on the company. Zacks Investment Research raised Israel Chemicals Shs from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. ValuEngine raised Israel Chemicals Shs from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, BidaskClub raised Israel Chemicals Shs from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $4.67.
Shares of Israel Chemicals Shs (NYSE ICL) traded down 0.84% during midday trading on Monday, reaching $4.72. The company’s stock had a trading volume of 154,888 shares. The company’s market capitalization is $6.02 billion. Israel Chemicals Shs has a 12-month low of $3.52 and a 12-month high of $4.95. The company’s 50-day moving average price is $4.67 and its 200 day moving average price is $4.43.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Tuesday, August 29th will be paid a dividend of $0.0245 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.10 annualized dividend and a yield of 2.06%. Israel Chemicals Shs’s payout ratio is currently -66.66%.
A number of large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in shares of Israel Chemicals Shs by 19.3% in the first quarter. Goldman Sachs Group Inc. now owns 10,041,116 shares of the basic materials company’s stock valued at $42,775,000 after buying an additional 1,625,213 shares during the period. Vanguard Group Inc. raised its stake in shares of Israel Chemicals Shs by 4.6% in the first quarter. Vanguard Group Inc. now owns 9,871,468 shares of the basic materials company’s stock worth $42,052,000 after buying an additional 434,474 shares during the last quarter. Norges Bank purchased a new stake in shares of Israel Chemicals Shs during the fourth quarter worth about $21,305,000. Swiss National Bank raised its stake in shares of Israel Chemicals Shs by 5.4% in the second quarter. Swiss National Bank now owns 1,928,014 shares of the basic materials company’s stock worth $9,095,000 after buying an additional 98,182 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Israel Chemicals Shs by 10.4% in the first quarter. Bank of New York Mellon Corp now owns 1,520,221 shares of the basic materials company’s stock worth $6,476,000 after buying an additional 143,262 shares during the last quarter. 5.98% of the stock is currently owned by institutional investors.
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