ICL Group (NYSE:ICL) Announces Quarterly Earnings Results

ICL Group (NYSE:ICL) issued its quarterly earnings results on Wednesday. The basic materials company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01, Zacks reports. ICL Group had a net margin of 5.28% and a return on equity of 7.51%.

ICL Group Trading Down 3.6%

Shares of ICL stock traded down $0.21 during mid-day trading on Wednesday, reaching $5.46. The stock had a trading volume of 379,651 shares, compared to its average volume of 772,900. The firm has a market capitalization of $7.17 billion, a PE ratio of 18.81 and a beta of 1.12. The stock’s 50-day moving average price is $6.26 and its two-hundred day moving average price is $6.50. The company has a current ratio of 1.75, a quick ratio of 1.05 and a debt-to-equity ratio of 0.41. ICL Group has a 52-week low of $4.26 and a 52-week high of $7.35.

ICL Group Announces Dividend

The company also recently declared a — dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were issued a $0.0426 dividend. This represents a yield of 290.0%. The ex-dividend date of this dividend was Wednesday, September 3rd. ICL Group’s dividend payout ratio (DPR) is 58.62%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of ICL Group in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ICL Group currently has a consensus rating of “Hold” and a consensus target price of $6.57.

Hedge Funds Weigh In On ICL Group

Hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans purchased a new stake in shares of ICL Group in the 2nd quarter worth about $72,000. AQR Capital Management LLC bought a new stake in ICL Group during the 1st quarter valued at approximately $107,000. United Services Automobile Association boosted its position in ICL Group by 20.4% during the 1st quarter. United Services Automobile Association now owns 26,218 shares of the basic materials company’s stock valued at $153,000 after acquiring an additional 4,438 shares in the last quarter. M&T Bank Corp boosted its position in ICL Group by 53.4% during the 2nd quarter. M&T Bank Corp now owns 22,902 shares of the basic materials company’s stock valued at $158,000 after acquiring an additional 7,977 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of ICL Group by 19.4% during the 1st quarter. Rhumbline Advisers now owns 32,793 shares of the basic materials company’s stock worth $187,000 after acquiring an additional 5,318 shares during the period. 13.38% of the stock is owned by hedge funds and other institutional investors.

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.