Ecolab (NYSE:ECL) released its quarterly earnings results on Tuesday. The basic materials company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.01), Bloomberg Earnings reports. The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 earnings per share. Ecolab updated its FY18 guidance to $5.25-5.45 EPS.
Shares of Ecolab (NYSE:ECL) traded up $1.05 during trading hours on Tuesday, reaching $132.54. 393,195 shares of the company traded hands, compared to its average volume of 1,396,422. Ecolab has a one year low of $121.50 and a one year high of $140.50. The stock has a market capitalization of $37,989.34, a price-to-earnings ratio of 29.61, a PEG ratio of 1.92 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 0.83.
In related news, SVP Bruno Lavandier sold 347 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $134.77, for a total value of $46,765.19. Following the completion of the transaction, the senior vice president now directly owns 7,615 shares in the company, valued at $1,026,273.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Larry L. Berger sold 5,197 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $137.37, for a total transaction of $713,911.89. Following the completion of the transaction, the vice president now owns 33,110 shares of the company’s stock, valued at $4,548,320.70. The disclosure for this sale can be found here. Insiders sold 57,446 shares of company stock valued at $7,886,307 over the last quarter. 1.49% of the stock is owned by company insiders.
A number of research analysts have recently commented on ECL shares. Stifel Nicolaus restated a “hold” rating and set a $140.00 price target on shares of Ecolab in a research report on Wednesday, November 1st. Jefferies Group boosted their price target on shares of Ecolab from $130.00 to $140.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. Barclays boosted their price target on shares of Ecolab from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. UBS Group boosted their price target on shares of Ecolab from $147.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Ecolab from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $140.07.
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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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