Ecolab Inc. (ECL) Expected to Announce Earnings of $1.41 Per Share

Analysts expect Ecolab Inc. (NYSE:ECL) to post earnings of $1.41 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Ecolab’s earnings, with the highest EPS estimate coming in at $1.42 and the lowest estimate coming in at $1.40. Ecolab posted earnings of $1.27 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 11%. The business is expected to report its next quarterly earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that Ecolab will report full year earnings of $5.90 per share for the current fiscal year, with EPS estimates ranging from $5.85 to $6.00. For the next financial year, analysts forecast that the company will report earnings of $6.60 per share, with EPS estimates ranging from $6.41 to $6.78. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Ecolab.

Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.01. Ecolab had a return on equity of 19.50% and a net margin of 10.06%. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the company earned $0.91 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis.



Several brokerages have recently weighed in on ECL. Canaccord Genuity raised their price target on Ecolab from $186.00 to $198.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research downgraded Ecolab from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Argus raised their price target on Ecolab from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Nomura reduced their price target on Ecolab from $210.00 to $208.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, UBS Group raised their price target on Ecolab from $186.00 to $191.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $180.93.

Shares of NYSE:ECL traded down $0.65 on Tuesday, hitting $181.53. 856,373 shares of the company traded hands, compared to its average volume of 933,531. Ecolab has a 52 week low of $135.77 and a 52 week high of $186.34. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.14 and a quick ratio of 0.75. The company has a market capitalization of $52.32 billion, a PE ratio of 34.58, a PEG ratio of 2.47 and a beta of 0.89.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, June 17th. This represents a $1.84 annualized dividend and a dividend yield of 1.01%. Ecolab’s dividend payout ratio (DPR) is presently 35.05%.

In related news, CEO Douglas M. Baker, Jr. sold 157,125 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $170.14, for a total transaction of $26,733,247.50. Following the sale, the chief executive officer now directly owns 536,060 shares of the company’s stock, valued at $91,205,248.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Roberto Inchaustegui sold 37,200 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $169.08, for a total value of $6,289,776.00. Following the sale, the executive vice president now directly owns 41,232 shares in the company, valued at $6,971,506.56. The disclosure for this sale can be found here. Insiders have sold 335,758 shares of company stock worth $57,738,346 over the last ninety days. 1.52% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in ECL. Marshall Wace LLP purchased a new position in Ecolab in the third quarter worth about $1,166,000. Federated Investors Inc. PA boosted its position in Ecolab by 103.6% in the third quarter. Federated Investors Inc. PA now owns 177,964 shares of the basic materials company’s stock worth $27,901,000 after purchasing an additional 90,552 shares during the last quarter. SL Advisors LLC purchased a new position in Ecolab in the fourth quarter worth about $533,000. Endurance Wealth Management Inc. boosted its position in Ecolab by 16.6% in the fourth quarter. Endurance Wealth Management Inc. now owns 18,995 shares of the basic materials company’s stock worth $2,799,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in Ecolab in the fourth quarter worth about $42,000. 76.54% of the stock is currently owned by institutional investors and hedge funds.

Ecolab Company Profile

Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.

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Earnings History and Estimates for Ecolab (NYSE:ECL)

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