Ecolab Inc. (NYSE:ECL) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.35-1.45 for the period, compared to the Thomson Reuters consensus estimate of $1.44.
Several equities analysts recently commented on the company. UBS AG boosted their target price on Ecolab from $147.00 to $148.00 and gave the stock a buy rating in a research report on Wednesday. Barclays PLC boosted their target price on Ecolab from $135.00 to $145.00 and gave the stock an overweight rating in a research report on Wednesday. Jefferies Group LLC boosted their target price on Ecolab from $130.00 to $140.00 and gave the stock a hold rating in a research report on Wednesday. Stifel Nicolaus restated a hold rating and set a $140.00 target price on shares of Ecolab in a research report on Wednesday. Finally, Robert W. Baird restated a hold rating and set a $140.00 target price on shares of Ecolab in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. Ecolab presently has a consensus rating of Hold and a consensus target price of $136.43.
Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.01. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same period last year, the business earned $1.28 EPS. The company’s revenue was up 5.2% on a year-over-year basis.
In related news, insider Thomas W. Handley sold 7,397 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $130.63, for a total value of $966,270.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.49% of the stock is currently owned by company insiders.
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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