On Friday, Shares of Ecolab Inc. (NYSE: ECL) showed the bullish trend with a higher momentum of 0.06% to $198.87. The company traded total volume of 749.687K shares as contrast to its average volume of 1.01M shares. The company has a market value of $57.29B and about 288.08M shares outstanding.
Ecolab Inc. (ECL) stated first-quarter profit of $296.50M. On a per-share basis, the Saint Paul, Minnesota-based company said it had net income of $1.01. Earnings, adjusted for one-time gains and costs, came to $1.03 per share. The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The cleaning, food-safety and pest-control services company posted revenue of $3.510B in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $3.570B. For the current quarter ending in July, Ecolab anticipates its per-share earnings to range from $5.80 to $6. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.42.
The Company offered net profit margin of 10.10% while its gross profit margin was 41.30%. ROE was recorded as 18.50% while beta factor was 0.86. The stock, as of recent close, has shown the weekly upbeat performance of 0.06% which was maintained at 34.96% in this year.