ICL Group (NYSE:ICL) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

ICL Group (NYSE:ICL) announced its earnings results on Monday. The basic materials company reported $0.11 earnings per share (EPS) 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 analysts’ expectations of $1.73 billion. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. During the same period in the prior year, the firm earned $0.11 EPS.

ICL Group Trading Down 2.6 %

Shares of NYSE:ICL traded down $0.11 during trading on Tuesday, reaching $4.28. 1,299,050 shares of the stock were exchanged, compared to its average volume of 774,672. ICL Group has a 12-month low of $3.79 and a 12-month high of $5.54. The firm’s 50-day moving average price is $4.11 and its 200 day moving average price is $4.35. The firm has a market cap 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. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 1.62.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.0133 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Wednesday, December 4th. ICL Group’s dividend payout ratio is currently 45.16%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ICL. Barclays dropped their price target on ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a research report on Friday, August 16th. StockNews.com lowered ICL Group from a “strong-buy” rating to a “buy” rating in a report on Monday, September 30th.

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.