Ecolab (ECL) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Ecolab (NYSE:ECL) posted its quarterly earnings data on Tuesday. The basic materials company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.01), Bloomberg Earnings reports. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.60 billion. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS. Ecolab updated its FY18 guidance to $5.25-5.45 EPS.

Ecolab (ECL) opened at $131.72 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Ecolab has a twelve month low of $121.50 and a twelve month high of $140.50. The firm has a market cap of $37,989.34, a P/E ratio of 28.90, a PEG ratio of 1.92 and a beta of 1.06.

In other news, SVP Bruno Lavandier sold 347 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $134.77, for a total transaction of $46,765.19. Following the completion of the transaction, the senior vice president now directly owns 7,615 shares of the company’s stock, valued at $1,026,273.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Larry L. Berger sold 5,197 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $137.37, for a total transaction of $713,911.89. Following the transaction, the vice president now directly 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 have sold 57,446 shares of company stock valued at $7,886,307 over the last three months. 1.49% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ECL. SeaCrest Wealth Management LLC bought a new stake in Ecolab during the fourth quarter valued at approximately $125,000. Captrust Financial Advisors bought a new stake in Ecolab during the fourth quarter valued at approximately $129,000. Aevitas Wealth Management Inc. bought a new stake in Ecolab during the fourth quarter valued at approximately $133,000. Community Bank N.A. bought a new stake in Ecolab during the fourth quarter valued at approximately $140,000. Finally, Cerebellum GP LLC bought a new stake in Ecolab during the fourth quarter valued at approximately $174,000. 76.59% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on ECL. Credit Suisse Group lifted their target price on shares of Ecolab from $129.00 to $137.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Robert W. Baird decreased their target price on shares of Ecolab from $144.00 to $143.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. Barclays lifted their target price on shares of Ecolab from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Stifel Nicolaus lifted their target price on shares of Ecolab from $140.00 to $153.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Finally, UBS Group lifted their target price on shares of Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. Ecolab has a consensus rating of “Hold” and an average price target of $140.07.

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About Ecolab

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.

Earnings History for Ecolab (NYSE:ECL)

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