Ecolab (NYSE:ECL) Issues Q2 Earnings Guidance

Ecolab (NYSE:ECLGet Rating) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of near $1.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.27.

A number of equities analysts have recently issued reports on the stock. Citigroup cut their price objective 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. Morgan Stanley cut their price objective on shares of Ecolab from $240.00 to $200.00 and set an equal weight rating on the stock in a research report on Thursday, February 17th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ecolab from $230.00 to $210.00 in a research report on Thursday, February 17th. Edward Jones raised shares of Ecolab from a hold rating to a buy rating in a research report on Thursday, March 17th. Finally, Zacks Investment Research raised shares of Ecolab from a sell rating to a hold rating and set a $179.00 price objective on the stock in a research report on Tuesday, March 22nd. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $206.27.

NYSE:ECL opened at $175.61 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.90 and a current ratio of 1.32. The firm has a market cap of $50.28 billion, a price-to-earnings ratio of 44.91, a price-to-earnings-growth ratio of 2.67 and a beta of 1.09. Ecolab has a 52 week low of $154.85 and a 52 week high of $238.93. The firm has a 50-day moving average price of $174.91 and a two-hundred day moving average price of $203.52.

Ecolab (NYSE:ECLGet Rating) last posted its quarterly earnings data on Tuesday, February 15th. The basic materials company reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.01. Ecolab had a net margin of 8.87% and a return on equity of 19.87%. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter last year, the business posted $1.23 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, sell-side analysts forecast that Ecolab will post 5.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Tuesday, March 15th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.16%. Ecolab’s payout ratio is currently 52.17%.

In other Ecolab news, Director Jeffrey M. Ettinger acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 17th. The stock was bought at an average cost of $179.39 per share, with a total value of $896,950.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.04% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in Ecolab by 8.3% in the 4th quarter. Barclays PLC now owns 1,398,882 shares of the basic materials company’s stock worth $328,161,000 after buying an additional 107,780 shares during the period. Eagle Capital Management LLC boosted its holdings in Ecolab by 1.3% in the 2nd quarter. Eagle Capital Management LLC now owns 23,536 shares of the basic materials company’s stock valued at $4,848,000 after purchasing an additional 292 shares during the period. NewEdge Advisors LLC boosted its holdings in Ecolab by 40.3% in the 4th quarter. NewEdge Advisors LLC now owns 22,914 shares of the basic materials company’s stock valued at $5,375,000 after purchasing an additional 6,577 shares during the period. Toroso Investments LLC boosted its holdings in Ecolab by 19.8% in the 4th quarter. Toroso Investments LLC now owns 20,467 shares of the basic materials company’s stock valued at $4,801,000 after purchasing an additional 3,389 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Ecolab by 5.6% during the 4th quarter. Glenmede Trust Co. NA now owns 11,377 shares of the basic materials company’s stock worth $2,668,000 after acquiring an additional 607 shares during the last quarter. 74.54% of the stock is owned by institutional investors.

About Ecolab (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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