Zacks: Analysts Anticipate Ecolab (ECL) to Announce $1.27 Earnings Per Share

Analysts predict that Ecolab (NYSE:ECL) will announce $1.27 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Ecolab’s earnings. The lowest EPS estimate is $1.25 and the highest is $1.28. Ecolab posted earnings per share of $1.13 in the same quarter last year, which indicates a positive year over year growth rate of 12.4%. The company is expected to announce its next quarterly earnings report on Tuesday, August 7th.

On average, analysts expect that Ecolab will report full year earnings of $5.39 per share for the current financial year, with EPS estimates ranging from $5.33 to $5.48. For the next financial year, analysts forecast that the firm will post earnings of $5.96 per share, with EPS estimates ranging from $5.89 to $6.00. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Ecolab.

Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, May 1st. The basic materials company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. Ecolab had a return on equity of 19.01% and a net margin of 10.62%. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the previous year, the business earned $0.80 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis.

ECL has been the subject of several research reports. BMO Capital Markets initiated coverage on Ecolab in a report on Tuesday, March 27th. They issued an “outperform” rating and a $151.00 target price for the company. Zacks Investment Research downgraded Ecolab from a “buy” rating to a “hold” rating in a report on Monday, April 30th. Credit Suisse Group boosted their target price on Ecolab from $137.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, May 2nd. Royal Bank of Canada reissued a “buy” rating on shares of Ecolab in a report on Friday, January 19th. Finally, Citigroup boosted their target price on Ecolab from $140.00 to $144.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. Ecolab currently has a consensus rating of “Hold” and a consensus target price of $143.94.

Ecolab opened at $147.07 on Tuesday, MarketBeat.com reports. Ecolab has a fifty-two week low of $146.64 and a fifty-two week high of $148.00. The company has a quick ratio of 0.77, a current ratio of 1.15 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $42.62 billion, a PE ratio of 31.36, a PEG ratio of 2.19 and a beta of 0.99.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Tuesday, June 19th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.12%. The ex-dividend date is Monday, June 18th. Ecolab’s dividend payout ratio (DPR) is presently 34.97%.

In other Ecolab news, major shareholder William H. Gates III bought 694,343 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were bought at an average price of $132.10 per share, for a total transaction of $91,722,710.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey M. Ettinger bought 6,400 shares of the company’s stock in a transaction on Friday, March 9th. The shares were acquired at an average price of $134.42 per share, for a total transaction of $860,288.00. Following the transaction, the director now directly owns 11,164 shares in the company, valued at approximately $1,500,664.88. The disclosure for this purchase can be found here. Insiders purchased a total of 1,848,529 shares of company stock worth $248,579,565 in the last 90 days. 1.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Ecolab by 1.5% during the 4th quarter. BlackRock Inc. now owns 15,713,077 shares of the basic materials company’s stock worth $2,108,380,000 after purchasing an additional 226,031 shares during the period. Barings LLC acquired a new position in Ecolab during the 4th quarter worth approximately $2,075,000. Ashburton Jersey Ltd increased its position in Ecolab by 302.9% during the 4th quarter. Ashburton Jersey Ltd now owns 1,370 shares of the basic materials company’s stock worth $184,000 after purchasing an additional 1,030 shares during the period. Renaissance Technologies LLC acquired a new position in Ecolab during the 4th quarter worth approximately $9,489,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Ecolab during the 4th quarter worth approximately $129,000. Institutional investors own 77.99% of the company’s stock.

About Ecolab

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

Get a free copy of the Zacks research report on Ecolab (ECL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ecolab (NYSE:ECL)

Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply