ICL Group (NYSE:ICL) Posts Quarterly Earnings Results, Meets Expectations

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

ICL Group Stock Performance

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. ICL Group has a 1 year low of $3.79 and a 1 year high of $6.57. The company’s fifty day simple moving average is $5.57 and its 200 day simple moving average is $4.75. The stock has a market cap of $7.85 billion, a PE ratio of 19.27, 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.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays raised shares of ICL Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $4.00 to $6.00 in a research report on Tuesday, January 21st. StockNews.com upgraded 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.