Israel Chemicals (NYSE:ICL) announced its quarterly earnings data on Thursday. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01, Briefing.com reports. Israel Chemicals had a return on equity of 14.03% and a net margin of 9.04%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the business posted $0.10 EPS. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year.
Shares of ICL traded up $0.04 during midday trading on Friday, hitting $4.60. 109,167 shares of the company traded hands, compared to its average volume of 158,197. The stock has a 50-day moving average of $4.68 and a 200-day moving average of $5.02. Israel Chemicals has a one year low of $4.36 and a one year high of $6.48. The firm has a market cap of $5.94 billion, a P/E ratio of 12.43, a PEG ratio of 1.19 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 0.85.
Separately, Zacks Investment Research upgraded Israel Chemicals from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th.
Israel Chemicals Ltd. operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.
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