ICL Group (ICL) to Release Quarterly Earnings on Thursday

ICL Group (NYSE:ICL) will be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

ICL Group (NYSE:ICL) last released its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. ICL Group had a return on equity of 12.04% and a net margin of 8.65%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. On average, analysts expect ICL Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ICL Group Price Performance

Shares of ICL opened at $4.75 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 1.53. ICL Group has a 52-week low of $4.30 and a 52-week high of $6.73. The stock has a 50 day simple moving average of $5.01 and a 200 day simple moving average of $4.94. The firm has a market capitalization of $6.23 billion, a PE ratio of 9.30, a P/E/G ratio of 10.79 and a beta of 1.25.

ICL Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 14th were given a $0.0476 dividend. This is a boost from ICL Group’s previous quarterly dividend of $0.04. This represents a $0.19 annualized dividend and a yield of 4.01%. The ex-dividend date was Wednesday, March 13th. ICL Group’s payout ratio is currently 37.26%.

Analyst Upgrades and Downgrades

Separately, Barclays lifted their price target on ICL Group from $4.00 to $4.50 and gave the company an “underweight” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.75.

ICL Group Company Profile

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.