Brokerages expect that Ecolab Inc. (NYSE:ECL) will report $1.55 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Ecolab’s earnings. The lowest EPS estimate is $1.52 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 firm is expected to announce 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 forecast that the firm will report earnings of $6.01 per share, with EPS estimates ranging from $5.95 to $6.25. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Ecolab.
Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, July 31st. The basic materials company reported $1.27 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.27. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.69 billion. Ecolab had a return on equity of 18.96% and a net margin of 10.83%. Ecolab’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 earnings per share.
In related news, Director David Maclennan acquired 500 shares of Ecolab stock in a transaction dated Thursday, August 2nd. The shares were acquired at an average cost of $146.40 per share, for a total transaction of $73,200.00. Following the completion of the transaction, the director now directly owns 2,128 shares of the company’s stock, valued at $311,539.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arthur J. Higgins sold 8,700 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $149.76, for a total value of $1,302,912.00. Following the completion of the sale, the director now owns 21,363 shares in the company, valued at $3,199,322.88. The disclosure for this sale can be found here. Insiders sold 114,885 shares of company stock worth $17,369,786 over the last 90 days. Company insiders own 1.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its position in Ecolab by 18.8% during the second quarter. Baillie Gifford & Co. now owns 16,402 shares of the basic materials company’s stock worth $2,302,000 after buying an additional 2,601 shares during the period. Colony Group LLC purchased a new position in Ecolab during the second quarter worth about $211,000. Landmark Bank purchased a new position in Ecolab during the second quarter worth about $1,195,000. Royal London Asset Management Ltd. purchased a new position in Ecolab during the second quarter worth about $26,888,000. Finally, BB&T Securities LLC lifted its position in Ecolab by 3.5% during the second quarter. BB&T Securities LLC now owns 99,059 shares of the basic materials company’s stock worth $13,900,000 after buying an additional 3,304 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.
ECL traded up $1.48 during trading on Monday, reaching $157.59. 935,362 shares of the stock were exchanged, compared to its average volume of 1,181,184. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.84 and a current ratio of 1.27. The company has a market cap of $45.29 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 2.28 and a beta of 0.95. Ecolab has a 1 year low of $125.74 and a 1 year high of $159.92.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Tuesday, September 18th will be given a $0.41 dividend. The ex-dividend date of this dividend is Monday, September 17th. This represents a $1.64 annualized dividend and a dividend yield of 1.04%. Ecolab’s dividend payout ratio is currently 34.97%.
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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