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

ICL Group (NYSE:ICL) posted its earnings results on Monday. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03, Zacks reports. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. ICL Group had a net margin of 6.08% and a return on equity of 8.41%. During the same quarter last year, the company posted $0.11 EPS.

ICL Group Price Performance

ICL stock traded down $0.11 during mid-day trading on Tuesday, hitting $4.28. The stock had a trading volume of 1,299,050 shares, compared to its average volume of 774,672. The company has a current ratio of 1.62, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31. ICL Group has a 52 week low of $3.79 and a 52 week high of $5.54. The firm has a market capitalization of $5.62 billion, a P/E ratio of 13.81, a P/E/G ratio of 5.83 and a beta of 1.23. The firm has a fifty day simple moving average of $4.11 and a 200 day simple moving average of $4.35.

ICL Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.0133 dividend. This represents a $0.05 annualized dividend and a 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

A number of equities analysts recently commented on the stock. Barclays lowered their price target on shares of 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 shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 30th.

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.