Wall Street analysts expect that Ecolab Inc. (NYSE:ECL) will post sales of $3.70 billion for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Ecolab’s earnings, with the highest sales estimate coming in at $3.79 billion and the lowest estimate coming in at $3.63 billion. Ecolab posted sales of $3.46 billion during the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The firm is expected to issue its next earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that Ecolab will report full year sales of $14.87 billion for the current year, with estimates ranging from $14.48 billion to $15.11 billion. For the next fiscal year, analysts anticipate that the company will post sales of $15.59 billion per share, with estimates ranging from $15.39 billion to $15.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Ecolab.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, May 1st. The basic materials company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.89 by $0.02. Ecolab had a net margin of 10.62% and a return on equity of 19.01%. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the previous year, the company posted $0.80 EPS. Ecolab’s revenue was up 9.8% on a year-over-year basis.
A number of equities research analysts recently issued reports on ECL shares. Zacks Investment Research upgraded shares of Ecolab from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a report on Wednesday, April 25th. ValuEngine upgraded shares of Ecolab from a “hold” rating to a “buy” rating in a report on Tuesday, April 17th. BMO Capital Markets started coverage on shares of Ecolab in a report on Tuesday, March 27th. They issued an “outperform” rating and a $151.00 price objective for the company. Canaccord Genuity set a $155.00 price objective on shares of Ecolab and gave the stock a “buy” rating in a report on Tuesday, April 24th. Finally, Credit Suisse Group set a $137.00 price objective on shares of Ecolab and gave the stock a “hold” rating in a report on Friday, April 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $144.81.
NYSE:ECL traded down $2.69 during trading hours on Thursday, reaching $138.87. The company’s stock had a trading volume of 3,188,207 shares, compared to its average volume of 991,568. The stock has a market capitalization of $40.84 billion, a PE ratio of 29.61, a P/E/G ratio of 2.08 and a beta of 0.98. Ecolab has a one year low of $125.74 and a one year high of $150.46. The company has a current ratio of 1.15, a quick ratio of 0.77 and a debt-to-equity ratio of 0.83.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Tuesday, June 19th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Monday, June 18th. Ecolab’s dividend payout ratio is 34.97%.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Ecolab by 1.8% during the 1st quarter. BlackRock Inc. now owns 16,001,452 shares of the basic materials company’s stock worth $2,193,323,000 after acquiring an additional 288,375 shares during the last quarter. Clearbridge Investments LLC lifted its position in Ecolab by 3.7% during the 4th quarter. Clearbridge Investments LLC now owns 5,745,837 shares of the basic materials company’s stock worth $770,976,000 after acquiring an additional 207,345 shares during the last quarter. Edgewood Management LLC lifted its position in Ecolab by 3.8% during the 1st quarter. Edgewood Management LLC now owns 5,506,295 shares of the basic materials company’s stock worth $754,748,000 after acquiring an additional 199,660 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Ecolab by 30.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,813,341 shares of the basic materials company’s stock worth $385,623,000 after acquiring an additional 653,809 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Ecolab by 46.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,620,682 shares of the basic materials company’s stock worth $359,217,000 after acquiring an additional 833,015 shares during the last quarter. 75.83% 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 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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