Companies and Brands
How Much Ecolab Earnings and Dividend Changed Analysts' Views
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Consumer goods maker Ecolab Inc. (NYSE: ECL) had a rough day last Tuesday after reporting adjusted earnings per share of $1.22, just below the consensus estimate of $1.24. The company also missed revenue estimates, and that made matters worse. The stock, which closed at $108.09 on Monday, closed the next day at $100.14, down about 7.4%.
Two days later the company said it would pay its regular $0.35 quarterly dividend and investors forgave some, if not all, of Ecolab’s sins. The company has paid a dividend for 79 consecutive years, and while the cleaning products maker is not among the S&P Dividend Aristocrats, it has increased its dividend by 14% per year over the past decade, according to TheStreet.com, and by 17% per year in each of the past three years.
Analysts made some adjustments to their price targets, but ratings did not change:
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