$1.55 Earnings Per Share Expected for Ecolab Inc. (ECL) This Quarter

Wall Street brokerages forecast that Ecolab Inc. (NYSE:ECL) will announce earnings of $1.55 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Ecolab’s earnings. The lowest EPS estimate is $1.52 and the highest is $1.66. Ecolab reported earnings per share of $1.37 in the same quarter last year, which would suggest a positive year over year growth rate of 13.1%. The business is expected to issue its next earnings report before the market opens on Tuesday, October 30th.

On average, analysts expect that Ecolab will report full-year earnings of $5.38 per share for the current fiscal year, with EPS estimates ranging from $5.30 to $5.45. For the next year, analysts expect that the company will post earnings of $6.00 per share, with EPS estimates ranging from $5.95 to $6.15. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Ecolab.

Ecolab (NYSE:ECL) last released its earnings results on Tuesday, July 31st. The basic materials company reported $1.27 earnings per share for the quarter, hitting the consensus estimate of $1.27. Ecolab had a return on equity of 18.96% and a net margin of 10.83%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the company earned $1.13 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year.

Several analysts have recently weighed in on ECL shares. Zacks Investment Research upgraded Ecolab from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research report on Wednesday, October 10th. Canaccord Genuity set a $160.00 target price on Ecolab and gave the stock a “buy” rating in a research report on Tuesday, July 24th. UBS Group raised their price target on Ecolab from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. lowered Ecolab from a “neutral” rating to an “underweight” rating in a research note on Friday, June 22nd. Finally, Nomura raised their price target on Ecolab from $136.00 to $146.00 and gave the company a “neutral” rating in a research note on Thursday, June 28th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Ecolab currently has an average rating of “Buy” and a consensus price target of $151.67.

Shares of NYSE:ECL traded up $0.05 on Wednesday, hitting $148.52. 1,271,500 shares of the company’s stock were exchanged, compared to its average volume of 1,188,254. Ecolab has a 12 month low of $125.74 and a 12 month high of $159.92. The company has a market cap of $45.29 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 2.28 and a beta of 0.95. The company has a current ratio of 1.27, a quick ratio of 0.84 and a debt-to-equity ratio of 0.80.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Tuesday, September 18th were paid a $0.41 dividend. The ex-dividend date was Monday, September 17th. This represents a $1.64 annualized dividend and a yield of 1.10%. Ecolab’s dividend payout ratio (DPR) is presently 34.97%.

In other Ecolab news, EVP Michael A. Hickey sold 32,468 shares of Ecolab stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $155.80, for a total value of $5,058,514.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Roberto Inchaustegui sold 10,600 shares of Ecolab stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $145.71, for a total value of $1,544,526.00. Following the completion of the transaction, the executive vice president now owns 33,202 shares in the company, valued at approximately $4,837,863.42. The disclosure for this sale can be found here. Insiders sold 114,885 shares of company stock worth $17,369,786 in the last quarter. 1.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Rothschild Investment Corp IL acquired a new stake in Ecolab in the third quarter worth about $216,000. Alta Capital Management LLC boosted its holdings in Ecolab by 3.2% in the third quarter. Alta Capital Management LLC now owns 314,035 shares of the basic materials company’s stock worth $49,234,000 after acquiring an additional 9,740 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Ecolab by 26.0% in the third quarter. Global Retirement Partners LLC now owns 7,058 shares of the basic materials company’s stock worth $1,107,000 after acquiring an additional 1,456 shares in the last quarter. Argus Investors Counsel Inc. boosted its holdings in Ecolab by 18.8% in the third quarter. Argus Investors Counsel Inc. now owns 2,172 shares of the basic materials company’s stock worth $341,000 after acquiring an additional 343 shares in the last quarter. Finally, First Hawaiian Bank acquired a new stake in Ecolab in the third quarter worth about $2,520,000. Institutional investors own 76.26% of the company’s stock.

Ecolab Company Profile

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.

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Earnings History and Estimates for Ecolab (NYSE:ECL)

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