ICL Group (NYSE:ICL) Announces Quarterly Earnings Results, Hits Estimates

ICL Group (NYSE:ICL) released its quarterly earnings results on Wednesday. The basic materials company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08, Zacks reports. ICL Group had a net margin of 5.83% and a return on equity of 8.31%.

ICL Group Stock Performance

Shares of ICL traded down $0.49 during mid-day trading on Wednesday, hitting $5.97. 4,064,971 shares of the company’s stock were exchanged, compared to its average volume of 951,061. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 7.10 and a beta of 1.23. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. ICL Group has a 52 week low of $3.79 and a 52 week high of $6.57. The stock’s 50-day simple moving average is $5.60 and its 200-day simple moving average is $4.77.

Wall Street Analyst Weigh In

ICL has been the subject of a number of research analyst reports. Barclays upgraded ICL Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $4.00 to $6.00 in a report on Tuesday, January 21st. StockNews.com upgraded shares of ICL Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

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.