Ecolab (NYSE:ECL) Announces Earnings Results

Ecolab (NYSE:ECL – Get Free Report) issued its earnings results on Tuesday. The basic materials company reported $2.18 EPS for the quarter, meeting the consensus estimate of $2.18, FiscalAI reports. The company had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.70 billion. Ecolab had a net margin of 12.57% and a return on equity of 22.72%.

Ecolab Trading Up 0.1%

ECL opened at $288.75 on Tuesday. The firm’s fifty day moving average is $280.46 and its two-hundred day moving average is $275.53. The firm has a market cap of $80.95 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 2.80 and a beta of 0.87. Ecolab has a twelve month low of $243.15 and a twelve month high of $309.27. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.57 and a current ratio of 1.84.

Ecolab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th were issued a $0.73 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $2.92 annualized dividend and a yield of 1.0%. Ecolab’s dividend payout ratio (DPR) is 39.19%.

Analyst Upgrades and Downgrades

ECL has been the topic of several recent research reports. Oppenheimer upgraded Ecolab from a “market perform” rating to an “outperform” rating and set a $320.00 price target on the stock in a research report on Friday, July 17th. Berenberg Bank upped their price objective on Ecolab from $299.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. BMO Capital Markets increased their target price on Ecolab from $345.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. UBS Group restated a “buy” rating on shares of Ecolab in a report on Monday. Finally, Robert W. Baird set a $305.00 target price on Ecolab and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ecolab presently has an average rating of “Moderate Buy” and an average price target of $324.50.

View Our Latest Analysis on Ecolab

Insider Activity

In other news, CEO Christophe Beck sold 17,862 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $280.14, for a total value of $5,003,860.68. Following the completion of the transaction, the chief executive officer owned 72,932 shares of the company’s stock, valued at $20,431,170.48. The trade was a 19.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

About Ecolab

(Get Free Report)

Ecolab Inc is a global provider of water, hygiene, infection prevention and cleaning solutions for businesses and institutions. The company helps customers manage water and energy use, maintain sanitary operations, protect food supplies and comply with health and safety standards.

Ecolab serves customers across industries including food and beverage processing, hospitality, healthcare, life sciences, manufacturing, institutional facilities and energy. Its offerings include cleaning and sanitizing chemicals, water-treatment and process-management systems, pest-control services, kitchen and housekeeping products, infection-prevention programs, and related equipment, training and consulting services.

Founded in 1923 as Economics Laboratory, the company has expanded from its original focus on cleaning products into a broad range of technology-enabled services and solutions.

Further Reading

Earnings History for Ecolab (NYSE:ECL)

Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.