$1.41 EPS Expected for Ecolab Inc. (NYSE:ECL) This Quarter

Analysts expect Ecolab Inc. (NYSE:ECL) to report earnings per share (EPS) of $1.41 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Ecolab’s earnings. The lowest EPS estimate is $1.40 and the highest is $1.42. Ecolab reported earnings per share of $1.27 in the same quarter last year, which would indicate a positive year-over-year growth rate of 11%. The business is expected to report its next quarterly earnings results before the market opens on Tuesday, July 30th.

According to Zacks, analysts expect that Ecolab will report full-year earnings of $5.90 per share for the current year, with EPS estimates ranging from $5.85 to $6.00. For the next fiscal year, analysts forecast that the firm will post earnings of $6.61 per share, with EPS estimates ranging from $6.41 to $6.78. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Ecolab.

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

Several analysts have commented on ECL shares. Nomura dropped their target price on shares of Ecolab from $210.00 to $208.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. BMO Capital Markets upped their target price on shares of Ecolab from $169.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. UBS Group cut shares of Ecolab from a “buy” rating to a “neutral” rating and upped their target price for the company from $180.00 to $186.00 in a research report on Thursday, April 18th. Argus upped their target price on shares of Ecolab from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Edward Jones cut shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $180.93.

In related news, EVP Jill S. Wyant sold 29,300 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $179.14, for a total value of $5,248,802.00. Following the completion of the transaction, the executive vice president now directly owns 34,718 shares of the company’s stock, valued at approximately $6,219,382.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Bruno Lavandier sold 2,969 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $183.27, for a total transaction of $544,128.63. Following the completion of the transaction, the senior vice president now directly owns 7,732 shares of the company’s stock, valued at $1,417,043.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,519 shares of company stock valued at $14,253,673. Company insiders own 1.52% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ECL. Thrivent Financial for Lutherans lifted its position in Ecolab by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 11,349 shares of the basic materials company’s stock worth $1,672,000 after buying an additional 200 shares in the last quarter. APG Asset Management N.V. lifted its position in Ecolab by 15.8% during the 4th quarter. APG Asset Management N.V. now owns 477,737 shares of the basic materials company’s stock worth $61,579,000 after buying an additional 65,300 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Ecolab by 0.8% during the 1st quarter. Neuberger Berman Group LLC now owns 255,687 shares of the basic materials company’s stock worth $45,139,000 after buying an additional 2,065 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Ecolab during the 4th quarter worth about $1,014,000. Finally, Bank of America Corp DE lifted its position in Ecolab by 0.9% during the 4th quarter. Bank of America Corp DE now owns 4,447,561 shares of the basic materials company’s stock worth $655,348,000 after buying an additional 39,640 shares in the last quarter. 75.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Ecolab stock opened at $197.44 on Friday. The company’s fifty day simple moving average is $188.12. The company has a market cap of $55.40 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 2.61 and a beta of 0.83. Ecolab has a 52 week low of $135.77 and a 52 week high of $200.93. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.73.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Monday, June 17th. Ecolab’s payout ratio is presently 35.05%.

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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