Ecolab (ECL) Announces Quarterly Results
Ecolab (NYSE:ECL) issued its quarterly earnings data on Tuesday. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $0.01, AmericanBankingNews.com reports. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Ecolab updated its Q4 guidance to $1.01-1.05 EPS.
ECL has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Ecolab from $110.00 to $115.00 in a research note to investors on Wednesday, October 16th. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Ecolab in a research note to investors on Wednesday, October 16th. They now have a $105.00 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Ecolab from $100.00 to $110.00 in a research note to investors on Friday, September 13th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Ecolab currently has a consensus rating of “Buy” and an average target price of $98.77.
Ecolab (NYSE:ECL) opened at 103.26 on Tuesday. Ecolab has a 52-week low of $63.13 and a 52-week high of $96.37. The stock’s 50-day moving average is $92.8 and its 200-day moving average is $86.29. The company has a market cap of $31.120 billion and a P/E ratio of 37.06.
Ecolab Inc (NYSE:ECL) develops and markets products and services for the hospitality, foodservice, healthcare and industrial markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.