ICL Group (NYSE:ICL) Releases Earnings Results, Meets Expectations

ICL Group (NYSE:ICL) posted its earnings results on Wednesday. The basic materials company reported $0.08 earnings per share 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 Stock Performance

Shares of NYSE ICL traded down $0.49 during trading hours on Wednesday, hitting $5.97. 4,064,971 shares of the stock were exchanged, compared to its average volume of 951,061. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. The company’s 50 day moving average is $5.60 and its 200 day moving average is $4.77. The firm has a market capitalization of $7.84 billion, a P/E ratio of 19.24, a P/E/G ratio of 7.10 and a beta of 1.23. ICL Group has a one year low of $3.79 and a one year high of $6.57.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays raised shares of ICL Group from an “underweight” rating to an “equal weight” rating and increased 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 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.