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

Equities analysts forecast that Ecolab Inc. (NYSE:ECLGet Rating) will announce earnings of $1.21 per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Ecolab’s earnings, with the lowest EPS estimate coming in at $1.15 and the highest estimate coming in at $1.30. Ecolab posted earnings of $1.22 per share during the same quarter last year, which indicates a negative year over year growth rate of 0.8%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Ecolab will report full year earnings of $5.30 per share for the current financial year, with EPS estimates ranging from $5.03 to $6.50. For the next year, analysts anticipate that the company will post earnings of $6.09 per share, with EPS estimates ranging from $5.75 to $6.41. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Ecolab.

Ecolab (NYSE:ECLGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The basic materials company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.01). The firm had revenue of $3.27 billion for 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%. Ecolab’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS.

Several equities analysts have recently commented on the company. Barclays lowered their price objective on Ecolab from $215.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, March 11th. initiated coverage on Ecolab in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Citigroup reduced 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. Bank of America upgraded shares of Ecolab from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $210.00 to $196.00 in a research report on Tuesday, March 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Ecolab from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $191.00 to $190.00 in a report on Wednesday, April 27th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $205.40.

Shares of Ecolab stock opened at $165.62 on Tuesday. Ecolab has a fifty-two week low of $154.85 and a fifty-two week high of $238.93. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.83 and a current ratio of 1.27. The company has a market capitalization of $47.42 billion, a P/E ratio of 43.13, a P/E/G ratio of 2.58 and a beta of 1.05. The company has a fifty day moving average of $174.00 and a 200 day moving average of $201.91.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Tuesday, March 15th were given a dividend of $0.51 per share. The ex-dividend date was Monday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.23%. Ecolab’s dividend payout ratio (DPR) is presently 53.13%.

In related news, Director Jeffrey M. Ettinger bought 5,000 shares of the business’s stock in a transaction dated Thursday, February 17th. The shares were purchased at an average price of $179.39 per share, with a total value of $896,950.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.04% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of ECL. HNP Capital LLC bought a new position in Ecolab in the 1st quarter valued at $476,000. Mcdonald Capital Investors Inc. CA grew its holdings in shares of Ecolab by 1.9% in the first quarter. Mcdonald Capital Investors Inc. CA now owns 387,889 shares of the basic materials company’s stock worth $68,486,000 after purchasing an additional 7,405 shares during the last quarter. Patton Albertson Miller Group LLC increased its stake in Ecolab by 1.7% in the 1st quarter. Patton Albertson Miller Group LLC now owns 13,955 shares of the basic materials company’s stock worth $2,464,000 after buying an additional 240 shares during the period. Verdence Capital Advisors LLC lifted its holdings in Ecolab by 5.7% during the 1st quarter. Verdence Capital Advisors LLC now owns 4,748 shares of the basic materials company’s stock valued at $838,000 after buying an additional 254 shares in the last quarter. Finally, Cardinal Point Wealth Management Partners LLC purchased a new stake in Ecolab in the 1st quarter valued at about $731,000. Institutional investors own 75.04% of the company’s stock.

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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