ICL Group (NYSE:ICL) Announces Quarterly Earnings Results

ICL Group (NYSE:ICL) released its earnings results on Tuesday. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01), FiscalAI reports. ICL Group had a return on equity of 8.40% and a net margin of 3.95%. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.13 billion.

ICL Group Stock Down 1.6%

Shares of NYSE ICL traded down $0.07 during midday trading on Wednesday, reaching $4.59. 567,399 shares of the company’s stock traded hands, compared to its average volume of 1,494,003. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $5.11 and its 200-day simple moving average is $5.37. ICL Group has a one year low of $4.35 and a one year high of $6.97. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 19.19 and a beta of 0.97.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ICL. Weiss Ratings restated a “hold (c)” rating on shares of ICL Group in a report on Thursday, October 29th. Wall Street Zen lowered shares of ICL Group from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Finally, Barclays lowered their price objective on shares of ICL Group from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.00.

About ICL Group

ICL Group Ltd. is an Israel-based specialty minerals and chemicals company. Its business draws on resources including potash, phosphate and bromine to produce products for agriculture, food, industrial and other markets. The company supplies crop nutrition products and specialty fertilizers, as well as phosphate ingredients used in food and other applications. Its industrial products include bromine-based compounds, flame retardants, water-treatment chemicals and specialty minerals. ICL also develops materials for energy storage and other advanced applications.