Ecolab (NYSE:ECL) Releases Earnings Results, Misses Expectations By $0.20 EPS
Ecolab (NYSE:ECL) posted its quarterly earnings results on Tuesday. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.20), MarketWatch Earnings reports. Ecolab had a negative net margin of 6.17% and a positive return on equity of 18.80%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the business posted $1.42 earnings per share. Ecolab’s revenue was down 28.6% on a year-over-year basis.
Shares of Ecolab stock traded down $2.26 during trading hours on Friday, hitting $188.79. 120,190 shares of the company’s stock traded hands, compared to its average volume of 1,193,852. Ecolab has a 12-month low of $124.60 and a 12-month high of $231.36. The stock has a market capitalization of $54.60 billion, a price-to-earnings ratio of -64.47, a PEG ratio of 3.88 and a beta of 1.00. The company has a fifty day simple moving average of $202.92 and a 200-day simple moving average of $192.98. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.60 and a quick ratio of 1.15.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Monday, June 15th. Ecolab’s dividend payout ratio is presently 32.30%.
In related news, EVP Angela M. Busch sold 1,800 shares of Ecolab stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $197.03, for a total value of $354,654.00. Following the completion of the sale, the executive vice president now owns 15,712 shares of the company’s stock, valued at approximately $3,095,735.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Timothy P. Mulhere sold 7,388 shares of Ecolab stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $196.35, for a total value of $1,450,633.80. Following the completion of the sale, the executive vice president now directly owns 24,160 shares of the company’s stock, valued at approximately $4,743,816. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,023 shares of company stock valued at $10,095,797. Insiders own 1.22% of the company’s stock.
Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.
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