ICL Group (ICL) to Release Quarterly Earnings on Thursday

ICL Group (NYSE:ICL) will post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect ICL Group to post earnings of $0.09 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

ICL Group (NYSE:ICL) last released its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. ICL Group had a return on equity of 12.04% and a net margin of 8.65%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. On average, analysts expect ICL Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ICL Group Price Performance

Shares of ICL opened at $4.91 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.53 and a debt-to-equity ratio of 0.30. The stock has a market cap of $6.45 billion, a PE ratio of 9.63, a PEG ratio of 10.79 and a beta of 1.25. ICL Group has a 12-month low of $4.30 and a 12-month high of $6.73. The business has a 50-day simple moving average of $5.01 and a two-hundred day simple moving average of $4.93.

ICL Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 14th were paid a $0.0476 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.19 annualized dividend and a dividend yield of 3.88%. This is an increase from ICL Group’s previous quarterly dividend of $0.04. ICL Group’s dividend payout ratio is currently 37.26%.

Wall Street Analysts Forecast Growth

Separately, Barclays boosted their target price on shares of ICL Group from $4.00 to $4.50 and gave the stock an “underweight” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.75.

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.