ICL Group (NYSE:ICL) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

ICL Group (NYSE:ICL) announced its quarterly earnings data on Tuesday. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01), FiscalAI reports. ICL Group had a net margin of 3.99% and a return on equity of 8.44%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.13 billion.

ICL Group Stock Up 0.8%

ICL stock opened at $4.61 on Thursday. The stock has a 50-day simple moving average of $5.09 and a two-hundred day simple moving average of $5.36. ICL Group has a twelve month low of $4.35 and a twelve month high of $6.97. The firm has a market capitalization of $5.94 billion, a PE ratio of 19.19 and a beta of 0.97. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.41.

Analyst Upgrades and Downgrades

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