Ecolab Inc. (NYSE:ECL) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $1.36-1.44 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.42. Ecolab also updated its FY17 guidance to $4.70-4.90 EPS.
A number of equities research analysts recently weighed in on the company. Jefferies Group LLC reaffirmed a hold rating and set a $130.00 target price on shares of Ecolab in a report on Wednesday. Morgan Stanley began coverage on Ecolab in a research note on Tuesday. They issued an equal weight rating and a $140.00 price objective on the stock. BidaskClub lowered Ecolab from a sell rating to a strong sell rating in a research report on Monday, August 14th. UBS AG reaffirmed a buy rating and issued a $147.00 target price (up from $144.00) on shares of Ecolab in a research report on Tuesday, August 8th. Finally, Credit Suisse Group set a $128.00 price objective on Ecolab and gave the stock a hold rating in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $134.20.
Shares of Ecolab Inc. (ECL) opened at 130.11 on Friday. The stock’s 50 day moving average is $132.07 and its 200-day moving average is $128.14. Ecolab Inc. has a 12-month low of $110.65 and a 12-month high of $134.89. The stock has a market capitalization of $37.65 billion, a price-to-earnings ratio of 29.75 and a beta of 0.98.
Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.01. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. On average, analysts expect that Ecolab Inc. will post $4.80 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Tuesday, September 19th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, September 18th. This represents a $1.48 annualized dividend and a dividend yield of 1.14%. Ecolab’s dividend payout ratio is presently 33.79%.
In related news, EVP Michael A. Hickey sold 13,700 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $131.30, for a total value of $1,798,810.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bruno Lavandier sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $133.52, for a total transaction of $133,520.00. Following the completion of the sale, the senior vice president now owns 8,922 shares of the company’s stock, valued at approximately $1,191,265.44. The disclosure for this sale can be found here. Insiders have sold a total of 37,851 shares of company stock valued at $5,012,802 in the last 90 days. Insiders own 1.49% of the company’s stock.
Ecolab Company Profile
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.
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