Ecolab (NYSE:ECL) updated its FY19 earnings guidance on Tuesday. The company provided EPS guidance of $5.80-6.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.93. Ecolab also updated its Q1 guidance to $0.98-1.06 EPS.
A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered Ecolab from an overweight rating to a neutral rating in a research note on Wednesday. Boenning Scattergood reissued a buy rating and set a $210.00 price target on shares of Ecolab in a research note on Tuesday, February 5th. Zacks Investment Research lowered Ecolab from a hold rating to a sell rating in a research note on Monday, December 3rd. Seaport Global Securities reissued a neutral rating on shares of Ecolab in a research note on Tuesday, February 5th. Finally, Oppenheimer reissued a market perform rating on shares of Ecolab in a research note on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $159.36.
Shares of NYSE ECL opened at $167.31 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.34 and a quick ratio of 0.90. The firm has a market cap of $47.22 billion, a price-to-earnings ratio of 35.67, a PEG ratio of 2.16 and a beta of 0.89. Ecolab has a twelve month low of $127.23 and a twelve month high of $168.32.
Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, February 19th. The basic materials company reported $1.54 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.54. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Ecolab had a return on equity of 19.13% and a net margin of 10.99%. Ecolab’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.38 EPS. Research analysts expect that Ecolab will post 5.25 earnings per share for the current fiscal year.
In other Ecolab news, Director Leslie S. Biller sold 2,811 shares of Ecolab stock in a transaction on Friday, November 30th. The stock was sold at an average price of $160.40, for a total transaction of $450,884.40. Following the completion of the sale, the director now directly owns 57,842 shares of the company’s stock, valued at approximately $9,277,856.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.
Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
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