ICL Group (NYSE:ICL) Posts Quarterly Earnings Results

ICL Group (NYSE:ICL) posted its quarterly earnings results on Monday. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03, Zacks reports. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.35%. During the same period last year, the company posted $0.11 earnings per share.

ICL Group Stock Up 0.2 %

ICL traded up $0.01 during midday trading on Wednesday, hitting $4.29. 1,037,981 shares of the company’s stock traded hands, compared to its average volume of 775,869. The company has a market cap of $5.64 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 6.02 and a beta of 1.23. The stock’s fifty day simple moving average is $4.11 and its 200-day simple moving average is $4.35. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.62 and a quick ratio of 0.94. ICL Group has a one year low of $3.79 and a one year high of $5.54.

ICL Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a dividend of $0.0133 per share. This represents a $0.05 annualized dividend and a yield of 1.24%. The ex-dividend date is Wednesday, December 4th. ICL Group’s payout ratio is presently 48.39%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com upgraded shares of ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Barclays cut their price objective on shares of ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a research report on Friday, August 16th.

About ICL Group

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. 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.