ICL Group (NYSE:ICL) Announces Quarterly Earnings Results

ICL Group (NYSE:ICL) released its quarterly earnings data on Monday. The basic materials company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03, Zacks reports. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. During the same quarter in the prior year, the firm posted $0.11 earnings per share.

ICL Group Price Performance

ICL stock traded down $0.11 during midday trading on Tuesday, hitting $4.28. The company’s stock had a trading volume of 1,299,050 shares, compared to its average volume of 774,672. The company has a quick ratio of 0.94, a current ratio of 1.62 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 5.83 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 50 day moving average of $4.11 and a two-hundred day moving average of $4.35.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.0133 per share. 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 (DPR) is presently 45.16%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com cut ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 30th. 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 report on Friday, August 16th.

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.