ICL Group (NYSE:ICL) Issues Quarterly Earnings Results

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

ICL Group Stock Performance

Shares of ICL Group stock opened at $4.29 on Thursday. The business’s fifty day simple moving average is $4.11 and its 200 day simple moving average is $4.35. The firm has a market capitalization of $5.64 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 6.02 and a beta of 1.23. ICL Group has a 12 month low of $3.79 and a 12 month high of $5.54. The company has a current ratio of 1.62, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31.

ICL Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.0133 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.24%. ICL Group’s dividend payout ratio is presently 48.39%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ICL. Barclays dropped their target price on ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a report on Friday, August 16th. StockNews.com upgraded ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

ICL Group Company Profile

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.