Ecolab Inc. (ECL) Issues FY14 Earnings Guidance
Ecolab Inc. (NYSE:ECL) updated its FY14 earnings guidance on Friday. The company provided EPS guidance of $4.10-4.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.19, Analyst Ratings.Net reports. Ecolab also updated its Q1 guidance to $0.71-0.75 EPS.
Several analysts have recently commented on the stock. Analysts at RBC Capital initiated coverage on shares of Ecolab in a research note on Friday, January 10th. They set an outperform rating on the stock. Analysts at Credit Suisse downgraded shares of Ecolab from an outperform rating to a neutral rating in a research note on Monday, January 6th. They now have a $112.00 price target on the stock, up previously from $100.00. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $107.08.
Ecolab Inc. (NYSE:ECL) traded up 0.54% during mid-day trading on Friday, hitting $102.42. 481,838 shares of the company’s stock traded hands. Ecolab Inc. has a 1-year low of $72.03 and a 1-year high of $108.34. The stock has a 50-day moving average of $102.0 and a 200-day moving average of $100.6. The company has a market cap of $30.859 billion and a P/E ratio of 33.98.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Friday, February 21st. The company reported $1.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.05 by $0.01. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter last year, the company posted $0.89 earnings per share. Analysts expect that Ecolab Inc. will post $3.55 EPS for the current fiscal year.
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.