Ecolab (NYSE:ECL) Issues Q2 2024 Earnings Guidance

Ecolab (NYSE:ECL) updated its second quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.620-1.720 for the period, compared to the consensus EPS estimate of 1.540. The company issued revenue guidance of -. Ecolab also updated its FY 2024 guidance to 6.400-6.700 EPS.

Analyst Ratings Changes

A number of research analysts recently issued reports on ECL shares. Seaport Res Ptn downgraded Ecolab from a buy rating to a neutral rating in a report on Monday, January 8th. Robert W. Baird upped their target price on Ecolab from $184.00 to $232.00 and gave the company a neutral rating in a report on Wednesday, February 14th. Raymond James boosted their price objective on shares of Ecolab from $230.00 to $250.00 and gave the company an outperform rating in a research report on Wednesday, April 3rd. Mizuho raised shares of Ecolab from a neutral rating to a buy rating and raised their target price for the stock from $216.00 to $260.00 in a research report on Friday, April 12th. Finally, UBS Group lifted their target price on shares of Ecolab from $211.00 to $227.00 and gave the company a buy rating in a research note on Thursday, January 11th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $230.47.

Ecolab Stock Performance

Shares of Ecolab stock traded up $5.21 on Tuesday, hitting $226.88. 849,994 shares of the company’s stock were exchanged, compared to its average volume of 1,201,768. The company has a 50-day simple moving average of $224.02 and a 200-day simple moving average of $201.77. Ecolab has a 1 year low of $156.72 and a 1 year high of $231.86. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.95 and a current ratio of 1.30. The stock has a market capitalization of $64.87 billion, a PE ratio of 46.28, a PEG ratio of 2.58 and a beta of 1.10.

Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, February 13th. The basic materials company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Ecolab had a net margin of 8.96% and a return on equity of 19.36%. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm posted $1.27 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities analysts anticipate that Ecolab will post 6.42 EPS for the current year.

Ecolab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th were given a $0.57 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.28 annualized dividend and a yield of 1.00%. Ecolab’s dividend payout ratio (DPR) is 47.60%.

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.