Ecolab (NYSE:ECL) Issues Q4 2024 Earnings Guidance

Ecolab (NYSE:ECL) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.750-1.850 for the period, compared to the consensus earnings per share estimate of 1.810. The company issued revenue guidance of -. Ecolab also updated its FY 2024 guidance to 6.600-6.700 EPS.

Ecolab Stock Down 0.2 %

Shares of ECL stock traded down $0.48 during trading hours on Friday, reaching $245.25. The company had a trading volume of 273,974 shares, compared to its average volume of 1,084,302. Ecolab has a 12 month low of $167.30 and a 12 month high of $262.61. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.30 and a quick ratio of 1.10. The business has a fifty day simple moving average of $252.69 and a 200-day simple moving average of $241.61. The company has a market cap of $69.78 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 2.55 and a beta of 1.13.

Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.01. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.03 billion. Ecolab had a return on equity of 22.12% and a net margin of 13.05%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 earnings per share. On average, research analysts expect that Ecolab will post 6.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

ECL has been the topic of several research reports. UBS Group lowered their target price on Ecolab from $288.00 to $276.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Wells Fargo & Company reiterated a “market perform” rating on shares of Ecolab in a research report on Friday, October 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $306.00 price target on shares of Ecolab in a research report on Wednesday. BMO Capital Markets lifted their price target on Ecolab from $260.00 to $279.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Morgan Stanley lifted their price target on Ecolab from $240.00 to $263.00 and gave the company an “equal weight” rating in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Ecolab currently has a consensus rating of “Moderate Buy” and an average target price of $277.20.

Insider Buying and Selling at Ecolab

In other Ecolab news, Director Victoria Reich sold 393 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $250.00, for a total transaction of $98,250.00. Following the transaction, the director now owns 24,041 shares in the company, valued at approximately $6,010,250. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Gregory B. Cook sold 3,811 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $249.33, for a total value of $950,196.63. Following the sale, the executive vice president now owns 8,080 shares in the company, valued at $2,014,586.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Victoria Reich sold 393 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $250.00, for a total value of $98,250.00. Following the sale, the director now owns 24,041 shares in the company, valued at approximately $6,010,250. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.

Ecolab Company Profile

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.