ICL Group (NYSE:ICL) Releases Earnings Results, Misses Expectations By $0.01 EPS

ICL Group (NYSE:ICL) issued its earnings results on Tuesday. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01), FiscalAI reports. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.13 billion. ICL Group had a return on equity of 8.40% and a net margin of 3.95%.

ICL Group Price Performance

Shares of NYSE:ICL traded down $0.01 during trading on Tuesday, reaching $4.67. 3,433,840 shares of the company’s stock traded hands, compared to its average volume of 1,498,079. ICL Group has a fifty-two week low of $4.35 and a fifty-two week high of $6.97. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.41. The firm has a market cap of $6.03 billion, a PE ratio of 19.48 and a beta of 0.97. The company has a 50-day simple moving average of $5.13 and a 200-day simple moving average of $5.37.

Analysts Set New Price Targets

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

ICL Group Company Profile

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.