Ecolab (ECL) Updates FY 2018 Earnings Guidance

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Ecolab (NYSE:ECL) issued an update on its FY 2018 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $5.20-5.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.36. Ecolab also updated its Q4 guidance to $1.49-1.59 EPS.

Shares of Ecolab stock traded down $4.62 during trading on Tuesday, hitting $141.94. The stock had a trading volume of 31,712 shares, compared to its average volume of 1,227,963. Ecolab has a fifty-two week low of $125.74 and a fifty-two week high of $159.92. The firm has a market cap of $42.57 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 2.15 and a beta of 0.95. The company has a quick ratio of 0.84, a current ratio of 1.27 and a debt-to-equity ratio of 0.80.

Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, July 31st. The basic materials company reported $1.27 earnings per share for the quarter, hitting the consensus estimate of $1.27. Ecolab had a return on equity of 18.96% and a net margin of 10.83%. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the firm posted $1.13 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. Analysts anticipate that Ecolab will post 5.36 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Tuesday, September 18th were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, September 17th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.16%. Ecolab’s payout ratio is presently 34.97%.

ECL has been the topic of several recent research reports. Barclays raised their price target on Ecolab from $150.00 to $165.00 and gave the stock an overweight rating in a research report on Wednesday, October 24th. Bank of America assumed coverage on Ecolab in a research report on Tuesday, October 23rd. They set a buy rating and a $123.00 price target on the stock. Nomura reduced their price objective on Ecolab from $153.00 to $150.00 and set a neutral rating for the company in a report on Tuesday, October 16th. Zacks Investment Research cut Ecolab from a buy rating to a hold rating in a research note on Thursday, October 11th. Finally, UBS Group upped their price target on shares of Ecolab from $165.00 to $180.00 and gave the stock a buy rating in a report on Tuesday, October 2nd. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $150.81.

In related news, Director David Maclennan purchased 500 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was bought at an average price of $146.40 per share, with a total value of $73,200.00. Following the acquisition, the director now owns 2,128 shares in the company, valued at $311,539.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Victoria Reich sold 6,700 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $148.40, for a total transaction of $994,280.00. Following the sale, the director now directly owns 20,987 shares of the company’s stock, valued at approximately $3,114,470.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,885 shares of company stock worth $17,369,786. Insiders own 1.50% of the company’s stock.

Ecolab Company Profile

Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

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Earnings History and Estimates for Ecolab (NYSE:ECL)

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