Company Update: Ecolab Inc (NYSE:ECL) – Ecolab Schedules Webcast of Industry Conference for May 10

[Business Wire] – Ecolab Inc. Executive Vice President and President, Global Food and Beverage and Healthcare, Jill Wyant will address financial analysts at the Oppenheimer Annual Industrial Growth Conference on Tuesday, May 10 in New York. Read more on this. Ecolab Inc. (ECL) , valued at $33.55B, started trading this morning at $114.47. A quick look at the market, the company’s stock traded between $113.86 and $115.14 and has traded between $98.62 and $122.48 over the past year. ECL shares are currently priced at 25.85x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.59x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.40 per share annually in dividends, yielding 1.22%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $0.76 per share, which would be $0.04 worse than the year-ago quarter and a $0.05 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.46 would be a $0.09 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.12 Billion. If reported, that would be a 5.45% decrease over the year-ago quarter. In terms of ratings, Nomura Initiated ECL at Reduce (Apr 20, 2016). Previously, Sterne Agee CRT Initiated ECL at to Buy. When considering if the stock is under or overvalued, the average price target is $113.61, which is 0.75% below where the stock opened this morning. See more in (NYSE:ECL) Similar Articles: Company Update (NYSE:ECL): Ecolab Schedules Webcast and Conference Call for May 3 Company Update (NYSE:EMR): Emerson Schedules Webcast for First-Quarter 2016 Results Stock Update: Ecolab Inc (NYSE:ECL) – Ecolab Increases Cash Dividend 6%