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

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

ICL Group Price Performance

NYSE:ICL traded down $0.48 during trading hours on Wednesday, hitting $5.98. The stock had a trading volume of 3,896,824 shares, compared to its average volume of 940,100. The company has a 50 day simple moving average of $5.57 and a two-hundred day simple moving average of $4.75. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 7.10 and a beta of 1.23. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. ICL Group has a one year low of $3.79 and a one year high of $6.57.

Wall Street Analyst Weigh In

ICL has been the topic of a number of analyst reports. Barclays upgraded ICL Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $4.00 to $6.00 in a research note on Tuesday, January 21st. StockNews.com upgraded ICL Group from a “buy” rating to a “strong-buy” rating in a research report 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.