ICL Group (NYSE:ICL) Releases Earnings Results, Hits Estimates

ICL Group (NYSE:ICL) issued its earnings results on Wednesday. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08, Zacks reports. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.65 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%.

ICL Group Stock Up 2.8 %

ICL stock opened at $6.15 on Thursday. The firm has a market capitalization of $8.07 billion, a PE ratio of 19.82, a P/E/G 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. ICL Group has a twelve month low of $3.79 and a twelve month high of $6.57. The stock’s 50 day moving average is $5.62 and its 200-day moving average is $4.78.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ICL shares. Barclays upgraded ICL Group from an “underweight” rating to an “equal weight” rating and raised their target price 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 report 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.