Zacks: Analysts Expect Ecolab Inc. (NYSE:ECL) Will Announce Earnings of $1.72 Per Share

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Analysts expect Ecolab Inc. (NYSE:ECL) to post earnings of $1.72 per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Ecolab’s earnings. The lowest EPS estimate is $1.69 and the highest is $1.79. Ecolab reported earnings of $1.53 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 12.4%. The business is scheduled to announce its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Ecolab will report full-year earnings of $5.91 per share for the current financial year, with EPS estimates ranging from $5.85 to $5.94. For the next financial year, analysts expect that the firm will post earnings of $6.59 per share, with EPS estimates ranging from $6.40 to $6.74. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Ecolab.

Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.01. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.79 billion. Ecolab had a net margin of 10.12% and a return on equity of 19.81%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 earnings per share.

Several equities analysts have recently issued reports on ECL shares. BMO Capital Markets raised their price target on shares of Ecolab from $180.00 to $208.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Credit Suisse Group set a $181.00 price objective on shares of Ecolab and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Canaccord Genuity raised their price target on shares of Ecolab from $198.00 to $222.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Citigroup raised their price target on shares of Ecolab from $190.00 to $206.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, UBS Group set a $202.00 price target on shares of Ecolab and gave the stock a “hold” rating in a report on Wednesday, July 31st. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $192.00.

In other Ecolab news, Director Victoria Reich sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $199.25, for a total value of $298,875.00. Following the completion of the transaction, the director now owns 20,987 shares of the company’s stock, valued at approximately $4,181,659.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Leslie S. Biller sold 9,975 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $195.01, for a total transaction of $1,945,224.75. Following the completion of the transaction, the director now directly owns 49,164 shares of the company’s stock, valued at approximately $9,587,471.64. The disclosure for this sale can be found here. Insiders have sold 95,650 shares of company stock valued at $18,898,540 over the last quarter. Corporate insiders own 1.52% of the company’s stock.

A number of large investors have recently bought and sold shares of ECL. Capital Management Corp VA grew its holdings in Ecolab by 3.9% in the 2nd quarter. Capital Management Corp VA now owns 1,335 shares of the basic materials company’s stock valued at $264,000 after buying an additional 50 shares in the last quarter. Harfst & Associates Inc. grew its position in Ecolab by 3.5% during the first quarter. Harfst & Associates Inc. now owns 1,638 shares of the basic materials company’s stock worth $289,000 after buying an additional 55 shares in the last quarter. Johnson Financial Group Inc. grew its position in Ecolab by 2.6% during the second quarter. Johnson Financial Group Inc. now owns 2,195 shares of the basic materials company’s stock worth $433,000 after buying an additional 56 shares in the last quarter. Cadence Bank NA grew its position in Ecolab by 1.4% during the first quarter. Cadence Bank NA now owns 4,110 shares of the basic materials company’s stock worth $725,000 after buying an additional 57 shares in the last quarter. Finally, NuWave Investment Management LLC grew its position in Ecolab by 4.9% during the second quarter. NuWave Investment Management LLC now owns 1,232 shares of the basic materials company’s stock worth $243,000 after buying an additional 58 shares in the last quarter. Institutional investors own 75.32% of the company’s stock.

Shares of ECL stock traded up $3.14 during trading hours on Tuesday, hitting $206.81. 1,104,900 shares of the company’s stock traded hands, compared to its average volume of 1,037,724. The stock’s 50 day simple moving average is $199.61 and its 200 day simple moving average is $183.91. The stock has a market cap of $58.61 billion, a PE ratio of 39.39, a price-to-earnings-growth ratio of 2.76 and a beta of 0.84. Ecolab has a 12 month low of $135.77 and a 12 month high of $209.24. The company has a quick ratio of 0.78, a current ratio of 1.18 and a debt-to-equity ratio of 0.72.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Monday, September 16th. Ecolab’s dividend payout ratio is currently 35.05%.

About Ecolab

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

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Earnings History and Estimates for Ecolab (NYSE:ECL)

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