Ecolab (NYSE:ECL) Updates Q4 2024 Earnings Guidance

Ecolab (NYSE:ECL) updated its fourth quarter 2024 earnings guidance on Tuesday. 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.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of Ecolab from $271.00 to $279.00 and gave the stock a “neutral” rating in a report on Wednesday. Bank of America upgraded shares of Ecolab from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $251.00 to $272.00 in a research report on Wednesday, July 31st. Piper Sandler lifted their target price on shares of Ecolab from $270.00 to $305.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. lifted their target price on shares of Ecolab from $228.00 to $255.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, BMO Capital Markets lifted their target price on shares of Ecolab from $260.00 to $279.00 and gave the stock a “market perform” rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $277.20.

Ecolab Trading Down 2.7 %

Ecolab stock traded down $6.90 during trading on Thursday, reaching $245.70. The company had a trading volume of 1,987,222 shares, compared to its average volume of 1,088,143. Ecolab has a 12-month low of $159.15 and a 12-month high of $262.61. The stock’s 50 day moving average price is $252.70 and its two-hundred day moving average price is $241.58. The firm has a market capitalization of $69.91 billion, a price-to-earnings ratio of 42.38, a PEG ratio of 2.61 and a beta of 1.13. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.10 and a current ratio of 1.50.

Ecolab (NYSE:ECL) last released its earnings results on Tuesday, July 30th. The basic materials company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.01. Ecolab had a net margin of 10.95% and a return on equity of 21.65%. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the previous year, the firm earned $1.24 earnings per share. Ecolab’s revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts expect that Ecolab will post 6.65 earnings per share for the current fiscal year.

Insider Activity at Ecolab

In other Ecolab news, Director Victoria Reich sold 393 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $250.00, for a total transaction of $98,250.00. Following the completion of the sale, the director now directly owns 24,041 shares in the company, valued at $6,010,250. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Ecolab news, EVP Gregory B. Cook sold 3,811 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $249.33, for a total transaction of $950,196.63. Following the completion of the sale, the executive vice president now directly owns 8,080 shares in the company, valued at $2,014,586.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Victoria Reich sold 393 shares of the business’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 sale, the director now owns 24,041 shares of the company’s stock, 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. 0.50% of the stock is owned by 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.