Jefferies Financial Group Weighs in on Ecolab Inc.’s Q3 2020 Earnings (NYSE:ECL)

Ecolab Inc. (NYSE:ECL) – Jefferies Financial Group dropped their Q3 2020 EPS estimates for Ecolab in a report released on Tuesday, July 28th. Jefferies Financial Group analyst L. Alexander now anticipates that the basic materials company will post earnings per share of $0.92 for the quarter, down from their prior forecast of $1.42. Jefferies Financial Group also issued estimates for Ecolab’s Q4 2020 earnings at $1.15 EPS, FY2020 earnings at $3.85 EPS, FY2022 earnings at $6.45 EPS and FY2023 earnings at $7.00 EPS.

ECL has been the topic of several other research reports. Gabelli lowered Ecolab from a “buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. UBS Group raised their target price on Ecolab from $165.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Citigroup cut their target price on Ecolab from $185.00 to $164.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Stifel Nicolaus raised their price target on Ecolab from $164.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Finally, Argus dropped their price target on Ecolab from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $190.43.

Shares of NYSE ECL opened at $187.08 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.15 and a current ratio of 1.60. Ecolab has a fifty-two week low of $124.60 and a fifty-two week high of $231.36. The firm has a market capitalization of $55.25 billion, a PE ratio of -63.42, a price-to-earnings-growth ratio of 4.28 and a beta of 1.00. The stock’s 50-day simple moving average is $202.22 and its 200-day simple moving average is $192.99.

Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, July 28th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.20). Ecolab had a negative net margin of 6.17% and a positive return on equity of 18.80%. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the prior year, the business earned $1.42 EPS. Ecolab’s revenue for the quarter was down 28.6% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.00%. Ecolab’s dividend payout ratio (DPR) is presently 32.30%.

In related news, Director Victoria Reich sold 1,000 shares of Ecolab stock in a transaction on Friday, May 29th. The stock was sold at an average price of $209.93, for a total transaction of $209,930.00. Following the completion of the transaction, the director now directly owns 21,306 shares of the company’s stock, valued at $4,472,768.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy P. Mulhere sold 22,800 shares of Ecolab stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $205.16, for a total value of $4,677,648.00. Following the transaction, the executive vice president now directly owns 39,572 shares of the company’s stock, valued at $8,118,591.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,023 shares of company stock worth $10,095,797. Company insiders own 1.22% of the company’s stock.

A number of hedge funds have recently modified their holdings of ECL. Wellington Management Group LLP raised its holdings in shares of Ecolab by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,292,404 shares of the basic materials company’s stock worth $980,545,000 after acquiring an additional 803,856 shares during the last quarter. Edgewood Management LLC raised its holdings in shares of Ecolab by 1.6% in the first quarter. Edgewood Management LLC now owns 5,846,021 shares of the basic materials company’s stock worth $910,985,000 after acquiring an additional 91,855 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Ecolab by 2.2% in the first quarter. Clearbridge Investments LLC now owns 5,644,155 shares of the basic materials company’s stock worth $879,529,000 after acquiring an additional 119,338 shares during the last quarter. Morgan Stanley raised its holdings in shares of Ecolab by 7.2% in the first quarter. Morgan Stanley now owns 5,095,171 shares of the basic materials company’s stock worth $793,980,000 after acquiring an additional 344,404 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Ecolab by 7.5% in the first quarter. Franklin Resources Inc. now owns 3,470,428 shares of the basic materials company’s stock worth $540,796,000 after acquiring an additional 242,476 shares during the last quarter. 74.14% of the stock is owned by hedge funds and other institutional investors.

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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