ICL Group (NYSE:ICL – Get Free Report) announced its earnings results 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 return on equity of 8.40% and a net margin of 3.95%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.13 billion.
ICL Group Price Performance
Shares of NYSE ICL traded down $0.01 during midday trading on Tuesday, hitting $4.67. The stock had a trading volume of 3,433,840 shares, compared to its average volume of 1,498,079. The company has a market capitalization of $6.03 billion, a PE ratio of 19.48 and a beta of 0.97. The stock has a 50 day simple moving average of $5.13 and a 200-day simple moving average of $5.37. ICL Group has a 1 year low of $4.35 and a 1 year 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.
Analysts Set New Price Targets
A number of research firms recently issued reports on ICL. Weiss Ratings reissued a “hold (c)” rating on shares of ICL Group in a research note on Thursday, October 29th. Wall Street Zen cut shares of ICL Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. Finally, Barclays decreased their price objective on shares of ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, ICL Group has a consensus rating of “Hold” and an average target price of $6.00.
Check Out Our Latest Stock Analysis on ICL
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.
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