Ecolab Inc. (NYSE:ECL) Expected to Post Earnings of $1.21 Per Share

Analysts expect Ecolab Inc. (NYSE:ECLGet Rating) to report earnings of $1.21 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Ecolab’s earnings. The highest EPS estimate is $1.30 and the lowest is $1.15. Ecolab posted earnings per share of $1.22 in the same quarter last year, which indicates a negative year-over-year growth rate of 0.8%. The firm is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Ecolab will report full-year earnings of $5.20 per share for the current fiscal year, with EPS estimates ranging from $5.03 to $5.30. For the next fiscal year, analysts anticipate that the firm will post earnings of $6.10 per share, with EPS estimates ranging from $5.75 to $6.41. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Ecolab.

Ecolab (NYSE:ECLGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The basic materials company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Ecolab had a net margin of 8.45% and a return on equity of 19.35%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $0.81 earnings per share.

A number of equities analysts recently issued reports on ECL shares. Atlantic Securities began coverage on shares of Ecolab in a research report on Tuesday, April 5th. They set an “overweight” rating and a $210.00 target price on the stock. Boenning Scattergood downgraded shares of Ecolab from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 15th. Bank of America upgraded shares of Ecolab from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $210.00 to $196.00 in a research report on Tuesday, March 22nd. Citigroup reduced their price target on shares of Ecolab from $220.00 to $205.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 16th. Finally, StockNews.com initiated coverage on shares of Ecolab in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $205.40.

In other Ecolab news, Director Jeffrey M. Ettinger bought 5,000 shares of the firm’s stock in a transaction on Thursday, February 17th. The shares were acquired at an average cost of $179.39 per share, for a total transaction of $896,950.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David Maclennan acquired 600 shares of Ecolab stock in a transaction dated Thursday, May 5th. The shares were purchased at an average price of $171.01 per share, for a total transaction of $102,606.00. Following the completion of the transaction, the director now directly owns 11,351 shares in the company, valued at approximately $1,941,134.51. The disclosure for this purchase can be found here. Insiders have bought a total of 7,075 shares of company stock worth $1,250,306 in the last ninety days. Insiders own 1.04% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Ecolab by 8.0% in the fourth quarter. BlackRock Inc. now owns 18,885,247 shares of the basic materials company’s stock worth $4,430,288,000 after acquiring an additional 1,403,200 shares in the last quarter. State Street Corp increased its position in Ecolab by 1.7% during the fourth quarter. State Street Corp now owns 11,479,305 shares of the basic materials company’s stock valued at $2,698,604,000 after acquiring an additional 191,446 shares during the last quarter. Royal Bank of Canada increased its position in Ecolab by 12.7% in the third quarter. Royal Bank of Canada now owns 5,494,061 shares of the basic materials company’s stock worth $1,146,171,000 after buying an additional 617,575 shares in the last quarter. Geode Capital Management LLC increased its position in Ecolab by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 4,075,692 shares of the basic materials company’s stock worth $953,262,000 after buying an additional 97,763 shares in the last quarter. Finally, Pictet Asset Management SA increased its position in Ecolab by 6.9% in the fourth quarter. Pictet Asset Management SA now owns 3,879,730 shares of the basic materials company’s stock worth $910,146,000 after buying an additional 248,752 shares in the last quarter. Institutional investors own 75.04% of the company’s stock.

Shares of NYSE:ECL traded down $3.45 during trading on Tuesday, reaching $160.36. The stock had a trading volume of 1,133,787 shares, compared to its average volume of 1,572,126. Ecolab has a 52 week low of $154.85 and a 52 week high of $238.93. The firm has a market capitalization of $45.81 billion, a price-to-earnings ratio of 41.76, a P/E/G ratio of 2.51 and a beta of 1.05. The company has a quick ratio of 0.83, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $172.94 and a two-hundred day simple moving average of $199.76.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Tuesday, June 21st will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 17th. This represents a $2.04 annualized dividend and a yield of 1.27%. Ecolab’s dividend payout ratio is currently 53.13%.

Ecolab Company Profile (Get Rating)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

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Earnings History and Estimates for Ecolab (NYSE:ECL)

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