Q2 2022 EPS Estimates for Ecolab Inc. (NYSE:ECL) Reduced by Jefferies Financial Group

Ecolab Inc. (NYSE:ECLGet Rating) – Investment analysts at Jefferies Financial Group dropped their Q2 2022 earnings estimates for Ecolab in a research note issued to investors on Tuesday, April 26th. Jefferies Financial Group analyst L. Alexander now expects that the basic materials company will post earnings of $1.18 per share for the quarter, down from their prior forecast of $1.30.

Ecolab (NYSE:ECLGet Rating) last posted its earnings results on Tuesday, April 26th. The basic materials company reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.01). The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.19 billion. Ecolab had a return on equity of 19.87% and a net margin of 8.87%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS.

Several other analysts have also recently commented on the company. Citigroup decreased their target price on Ecolab from $220.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, February 16th. Robert W. Baird lowered their price objective on shares of Ecolab from $225.00 to $198.00 in a research report on Friday, January 21st. Zacks Investment Research upgraded shares of Ecolab from a “sell” rating to a “hold” rating and set a $179.00 target price on the stock in a research report on Tuesday, March 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ecolab from $230.00 to $210.00 in a research report on Thursday, February 17th. Finally, Atlantic Securities started coverage on Ecolab in a research report on Tuesday, April 5th. They issued an “overweight” rating and a $210.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $205.40.

Shares of ECL opened at $170.54 on Thursday. The business’s 50 day simple moving average is $174.47 and its 200-day simple moving average is $203.04. Ecolab has a one year low of $154.85 and a one year high of $238.93. The company has a market capitalization of $48.82 billion, a P/E ratio of 43.62, a PEG ratio of 2.67 and a beta of 1.09. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.32 and a quick ratio of 0.90.

Several large investors have recently added to or reduced their stakes in the company. Bigelow Investment Advisors LLC increased its stake in Ecolab by 1.0% during the 3rd quarter. Bigelow Investment Advisors LLC now owns 4,388 shares of the basic materials company’s stock worth $915,000 after purchasing an additional 44 shares in the last quarter. Arlington Partners LLC raised its holdings in shares of Ecolab by 13.0% during the fourth quarter. Arlington Partners LLC now owns 469 shares of the basic materials company’s stock worth $110,000 after acquiring an additional 54 shares during the period. Eagle Bay Advisors LLC boosted its stake in Ecolab by 28.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 245 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 54 shares during the period. Capital Advisors Ltd. LLC raised its stake in shares of Ecolab by 10.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 580 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 55 shares during the period. Finally, Private Trust Co. NA lifted its holdings in shares of Ecolab by 2.9% in the first quarter. Private Trust Co. NA now owns 2,047 shares of the basic materials company’s stock valued at $361,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 74.54% of the company’s stock.

In other news, Director Jeffrey M. Ettinger bought 5,000 shares of the stock in a transaction on Thursday, February 17th. The stock was purchased at an average price of $179.39 per share, with a total value of $896,950.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.04% of the stock is currently owned by insiders.

The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Tuesday, March 15th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.20%. Ecolab’s dividend payout ratio is 52.17%.

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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