$1.20 Earnings Per Share Expected for Ecolab Inc. (NYSE:ECL) This Quarter

Equities analysts predict that Ecolab Inc. (NYSE:ECLGet Rating) will announce earnings per share of $1.20 for the current quarter, according to Zacks. Seven analysts have issued 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 reported earnings of $1.22 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.6%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Ecolab will report full-year earnings of $5.19 per share for the current fiscal year, with EPS estimates ranging from $5.03 to $5.30. For the next fiscal year, analysts expect that the firm will report earnings of $6.08 per share, with EPS estimates ranging from $5.75 to $6.35. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Ecolab.

Ecolab (NYSE:ECLGet Rating) last posted its earnings results on Tuesday, April 26th. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. The business 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%. The business’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 company posted $0.81 EPS.

A number of brokerages have recently issued reports on ECL. Mizuho dropped their price target on Ecolab from $210.00 to $198.00 in a research report on Wednesday, April 27th. Citigroup cut their price target on shares of Ecolab from $220.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday, February 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on Ecolab from $230.00 to $210.00 in a report on Thursday, February 17th. Edward Jones raised Ecolab from a “hold” rating to a “buy” rating in a report on Thursday, March 17th. Finally, Zacks Investment Research raised Ecolab from a “sell” rating to a “hold” rating and set a $179.00 price objective on the stock in a report on Tuesday, March 22nd. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $203.07.

In other Ecolab news, Director Tracy B. Mckibben purchased 1,475 shares of Ecolab stock in a transaction that occurred on Friday, April 29th. The shares were bought at an average price of $170.00 per share, for a total transaction of $250,750.00. Following the completion of the transaction, the director now owns 6,746 shares of the company’s stock, valued at approximately $1,146,820. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Maclennan purchased 600 shares of Ecolab stock in a transaction that occurred on Thursday, May 5th. The stock was acquired at an average price of $171.01 per share, for a total transaction of $102,606.00. Following the transaction, the director now directly owns 11,351 shares of the company’s stock, valued at approximately $1,941,134.51. The disclosure for this purchase can be found here. Company insiders own 1.04% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Eagle Capital Management LLC raised its holdings in shares of Ecolab by 1.3% in the second quarter. Eagle Capital Management LLC now owns 23,536 shares of the basic materials company’s stock worth $4,848,000 after buying an additional 292 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Ecolab by 5.0% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 12,547 shares of the basic materials company’s stock worth $2,618,000 after buying an additional 602 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of Ecolab by 1.8% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 6,301 shares of the basic materials company’s stock worth $1,314,000 after buying an additional 111 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Ecolab by 9.4% during the third quarter. Bank of Nova Scotia now owns 40,888 shares of the basic materials company’s stock valued at $8,530,000 after buying an additional 3,503 shares during the period. Finally, Alerus Financial NA raised its holdings in shares of Ecolab by 4.4% in the third quarter. Alerus Financial NA now owns 6,169 shares of the basic materials company’s stock valued at $1,287,000 after acquiring an additional 261 shares in the last quarter. Institutional investors own 75.04% of the company’s stock.

NYSE:ECL opened at $161.03 on Tuesday. The firm has a market capitalization of $46.00 billion, a price-to-earnings ratio of 41.93, a P/E/G ratio of 2.40 and a beta of 1.05. 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 stock has a fifty day moving average of $172.24 and a 200 day moving average of $195.43. Ecolab has a 52-week low of $154.31 and a 52-week high of $238.93.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Tuesday, June 21st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, June 17th. 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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