$0.05 Earnings Per Share Expected for ICL Group Ltd. (NYSE:ICL) This Quarter

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Wall Street brokerages expect ICL Group Ltd. (NYSE:ICL) to report earnings per share of $0.05 for the current quarter, according to Zacks. Zero analysts have issued estimates for ICL Group’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.04. ICL Group reported earnings per share of $0.12 in the same quarter last year, which would suggest a negative year over year growth rate of 58.3%. The company is scheduled to issue its next earnings report on Wednesday, July 29th.

On average, analysts expect that ICL Group will report full year earnings of $0.20 per share for the current financial year, with EPS estimates ranging from $0.14 to $0.27. For the next financial year, analysts expect that the firm will report earnings of $0.28 per share, with EPS estimates ranging from $0.22 to $0.39. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover ICL Group.

ICL Group (NYSE:ICL) last posted its quarterly earnings data on Tuesday, May 12th. The basic materials company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $1.32 billion during the quarter. ICL Group had a return on equity of 9.60% and a net margin of 7.65%.

Several brokerages recently commented on ICL. Zacks Investment Research raised ICL Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 17th. ValuEngine cut ICL Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 30th.

Several hedge funds have recently modified their holdings of the business. Guggenheim Capital LLC boosted its holdings in shares of ICL Group by 165.0% during the 1st quarter. Guggenheim Capital LLC now owns 99,432 shares of the basic materials company’s stock valued at $305,000 after acquiring an additional 61,908 shares in the last quarter. Morgan Stanley increased its position in ICL Group by 10.4% in the 1st quarter. Morgan Stanley now owns 1,013,534 shares of the basic materials company’s stock valued at $3,112,000 after buying an additional 95,610 shares in the last quarter. Invesco Ltd. increased its holdings in ICL Group by 0.5% during the 1st quarter. Invesco Ltd. now owns 3,279,066 shares of the basic materials company’s stock worth $10,067,000 after purchasing an additional 14,778 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of ICL Group by 20.4% in the 1st quarter. Schroder Investment Management Group now owns 1,315,971 shares of the basic materials company’s stock worth $14,607,000 after buying an additional 222,664 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in ICL Group by 10.0% in the first quarter. Two Sigma Investments LP now owns 58,645 shares of the basic materials company’s stock valued at $180,000 after purchasing an additional 5,332 shares during the last quarter. 4.63% of the stock is currently owned by hedge funds and other institutional investors.

NYSE ICL traded up $0.08 during trading hours on Friday, hitting $3.02. 23,137 shares of the company traded hands. The business’s 50-day moving average is $3.36 and its 200-day moving average is $3.73. ICL Group has a twelve month low of $2.68 and a twelve month high of $5.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 1.53.

ICL Group Company Profile

ICL Group Ltd. operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). 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.

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