Ecolab Inc. (NYSE:ECL) is reporting third quarter financial results on Tuesday 27th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, ECL is expected to report 3Q20 income of $ 1.13 per share from revenue of $ 3003.76 million.
For the full year, analysts anticipate top line of $ 12061.20 million, while looking forward to income of $ 4.10 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 6.33 ~ $ 6.53 per share
Click Here For More Historical Outlooks Of Ecolab Inc.
Previous Quarter Performance
Ecolab Inc. revealed income for the second quarter of $ 0.65 per share, from the revenue of $ 2,686.00 million. The quarterly earnings declined 54.23 percent while revenues decreased 28.52 percent compared with the same quarter last year.
According to street consensus, ECL was expected to report 2Q20 income of $ 0.85 per share from revenue of $ 2844.45 million. The bottom line results missed street analysts by $ 0.2 or 23.53 percent, at the same time, top line results fell short of analysts by $ 158.45 million or 5.57 percent.
Stock Performance
Shares of Ecolab Inc. traded up $ 0.00 or 0.00 percent on Friday, reaching $ 204.87 with volume of 732.60 thousand shares. Ecolab Inc. has traded high as $ 207.74 and has cracked $ 204.04 on the downward trend
According to the previous trading day, closing price of $ 204.87, representing a 64.42 % increase from the 52 week low of $ 124.60 and a 11.45 % decrease over the 52 week high of $ 231.36.
The company has a market capital of $ 58.47 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by UBS Group at Neutral rating, with $ 205.00 target price.
- On 22nd September 2020, initiated by Evercore ISI at Outperform rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.47 per share on August 6, 2020. The dividend were payable on October 15, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
Conference Call
Ecolab Inc. will be hosting a conference call at 1:00 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website investor.ecolab.com
Ecolab Inc. provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments.
