Ecolab (NYSE:ECL) issued its quarterly earnings data on Tuesday. The basic materials company reported $1.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.53, MarketWatch Earnings reports. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. Ecolab had a return on equity of 19.13% and a net margin of 10.99%. Ecolab’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS. Ecolab updated its Q4 guidance to $1.49-1.59 EPS and its FY 2018 guidance to $5.20-5.30 EPS.
NYSE ECL opened at $153.15 on Thursday. Ecolab has a 12 month low of $125.74 and a 12 month high of $159.92. The stock has a market capitalization of $43.05 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 2.20 and a beta of 0.96. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.84 and a current ratio of 1.34.
In other news, EVP Michael A. Hickey sold 32,468 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $155.80, for a total value of $5,058,514.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Victoria Reich sold 6,700 shares of the business’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $148.40, for a total value of $994,280.00. Following the completion of the transaction, the director now directly owns 20,987 shares in the company, valued at $3,114,470.80. The disclosure for this sale can be found here. Insiders sold a total of 104,285 shares of company stock worth $15,825,260 in the last quarter. Corporate insiders own 1.50% of the company’s stock.
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
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