Ecolab (ECL) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.77 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.76. The company posted revenue of $3097.40 million in the period, compared to analysts expectations of $3119.22 million. The company’s revenue was down -6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.
Many Wall Street Analysts have commented on Ecolab. Ecolab was Initiated by Nomura to “Reduce” on Apr 20, 2016. Company shares were Resumed by Credit Suisse on Mar 24, 2016 to “Neutral”, Firm has raised the Price Target to $ 109 from a previous price target of $107 .Ecolab was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016.
Ecolab closed down -0.71 points or -0.62% at $114.27 with 20,31,468 shares getting traded on Monday. Post opening the session at $114.47, the shares hit an intraday low of $113.86 and an intraday high of $115.14 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 11, 2016, James J Seifert (Ex.VP, Gen. Counsel & Secy.) sold 3,330 shares at $106.59 per share price. According to the SEC, on Nov 24, 2015, Roberto Inchaustegui (EVP & Pres.-Global Serv & Spec) sold 28,350 shares at $118.14 per share price. On Nov 24, 2015, Michael A Hickey (EVP & Pres. Global Inst.) sold 20,900 shares at $119.16 per share price, according to the Form-4 filing with the securities and exchange commission.
Ecolab Inc. provides water hygiene and energy technologies and services. The Company operating segments include Global Industrial Global Institutional Global Energy and Other. The Company’s Global Industrial segment consists of the Water Food and Beverage Paper and Textile Care operating units. Global Institutional segment consists of the Institutional Specialty and Healthcare operating units. The Global Energy segment provides on-site technology-driven solutions to the global drilling oil and gas production refining and petrochemical industries. Other segment consists of the pest elimination and equipment care operating units. The Company’s cleaning and sanitizing programs and products pest elimination services and equipment maintenance and repair services support customers in the foodservice food and beverage processing hospitality healthcare Government and education retail textile care and commercial facilities management sectors in over 170 countries.