Analysts expect Ecolab Inc. (NYSE:ECL) to announce earnings of $1.23 per share for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Ecolab’s earnings. The lowest EPS estimate is $1.07 and the highest is $1.33. Ecolab reported earnings per share of $1.66 during the same quarter last year, which would suggest a negative year over year growth rate of 25.9%. The business is scheduled to issue its next earnings results on Tuesday, February 16th.
On average, analysts expect that Ecolab will report full-year earnings of $4.02 per share for the current fiscal year, with EPS estimates ranging from $3.95 to $4.12. For the next financial year, analysts anticipate that the company will report earnings of $5.24 per share, with EPS estimates ranging from $5.10 to $5.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Ecolab.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, October 27th. The basic materials company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.03. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3 billion. Ecolab had a negative net margin of 8.21% and a positive return on equity of 18.14%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 EPS.
A number of analysts recently issued reports on the company. Morgan Stanley raised their price objective on Ecolab from $170.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, November 23rd. BidaskClub cut shares of Ecolab from a “hold” rating to a “sell” rating in a research report on Friday. UBS Group cut their target price on Ecolab from $210.00 to $205.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 6th. Barclays raised their price target on Ecolab from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Ecolab from $210.00 to $200.00 and set a “hold” rating on the stock in a report on Wednesday, October 28th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $200.14.
Ecolab stock traded down $0.23 during mid-day trading on Tuesday, hitting $214.47. The company’s stock had a trading volume of 390,126 shares, compared to its average volume of 2,019,824. The stock’s fifty day moving average is $217.42 and its two-hundred day moving average is $203.95. The company has a current ratio of 1.61, a quick ratio of 1.19 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $61.22 billion, a PE ratio of -58.12, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03. Ecolab has a 1 year low of $124.60 and a 1 year high of $231.36.
In other news, CEO Douglas M. Baker, Jr. sold 148,107 shares of the stock in a transaction dated Thursday, December 3rd. The stock was sold at an average price of $220.48, for a total value of $32,654,631.36. Following the transaction, the chief executive officer now owns 683,631 shares in the company, valued at approximately $150,726,962.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Barbara Beck sold 13,900 shares of the firm’s stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $222.26, for a total value of $3,089,414.00. Following the sale, the director now directly owns 30,621 shares in the company, valued at approximately $6,805,823.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 199,572 shares of company stock valued at $43,964,233. Corporate insiders own 1.22% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Adams Wealth Management purchased a new position in shares of Ecolab in the 3rd quarter valued at $27,000. Advisory Alpha LLC acquired a new stake in shares of Ecolab during the third quarter worth about $30,000. Summit X LLC acquired a new stake in shares of Ecolab during the third quarter worth about $40,000. Old North State Trust LLC purchased a new stake in shares of Ecolab in the 3rd quarter valued at about $41,000. Finally, Pathstone Family Office LLC boosted its position in shares of Ecolab by 425.5% in the 3rd quarter. Pathstone Family Office LLC now owns 247 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 65.72% of the company’s stock.
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. Its 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, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
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