FY2016 Earnings Forecast for Ecolab Inc. Issued By Seaport Global Securities (ECL)
Ecolab Inc. (NYSE:ECL) – Equities researchers at Seaport Global Securities decreased their FY2016 EPS estimates for Ecolab in a research report issued to clients and investors on Monday. Seaport Global Securities analyst M. Harrison now anticipates that the brokerage will post earnings per share of $4.37 for the year, down from their prior estimate of $4.41. Seaport Global Securities also issued estimates for Ecolab’s Q4 2016 earnings at $1.26 EPS and Q2 2017 earnings at $1.19 EPS.
Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. The company earned $3.32 billion during the quarter, compared to the consensus estimate of $3.33 billion. Ecolab had a return on equity of 19.24% and a net margin of 7.20%. Ecolab’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 earnings per share.
Other equities analysts have also issued reports about the company. Barclays PLC upped their target price on Ecolab from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, August 3rd. Credit Suisse Group AG reiterated a “hold” rating and set a $120.00 price objective on shares of Ecolab in a research report on Wednesday, August 3rd. Deutsche Bank AG boosted their price objective on Ecolab from $118.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Jefferies Group boosted their price objective on Ecolab from $120.00 to $125.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. boosted their price objective on Ecolab from $120.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $127.68.
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Ecolab (NYSE:ECL) traded up 0.57% during trading on Tuesday, reaching $117.00. The company’s stock had a trading volume of 226,348 shares. The firm has a market capitalization of $34.12 billion, a P/E ratio of 36.69 and a beta of 0.87. The firm has a 50-day moving average price of $119.85 and a 200-day moving average price of $118.64. Ecolab has a 52 week low of $98.62 and a 52 week high of $124.60.
A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Ecolab by 1.4% in the second quarter. Vanguard Group Inc. now owns 18,660,750 shares of the company’s stock worth $2,213,164,000 after buying an additional 253,958 shares in the last quarter. State Street Corp boosted its stake in shares of Ecolab by 1.2% in the first quarter. State Street Corp now owns 11,250,339 shares of the company’s stock worth $1,254,647,000 after buying an additional 135,777 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Ecolab by 6.2% in the second quarter. BlackRock Fund Advisors now owns 3,734,458 shares of the company’s stock worth $442,907,000 after buying an additional 217,927 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Ecolab by 0.7% in the second quarter. UBS Asset Management Americas Inc. now owns 3,121,226 shares of the company’s stock worth $370,179,000 after buying an additional 22,175 shares in the last quarter. Finally, CAM Group Holding A S boosted its stake in shares of Ecolab by 3.2% in the second quarter. CAM Group Holding A S now owns 3,018,465 shares of the company’s stock worth $357,990,000 after buying an additional 94,504 shares in the last quarter. Hedge funds and other institutional investors own 74.79% of the company’s stock.
In other news, Chairman Douglas M. Baker, Jr. sold 25,800 shares of the company’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $122.41, for a total value of $3,158,178.00. Following the transaction, the chairman now directly owns 456,349 shares of the company’s stock, valued at $55,861,681.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael A. Hickey sold 17,761 shares of the company’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $123.90, for a total transaction of $2,200,587.90. Following the completion of the transaction, the executive vice president now directly owns 61,342 shares in the company, valued at $7,600,273.80. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Tuesday, September 20th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, September 16th. Ecolab’s dividend payout ratio (DPR) is currently 43.89%.
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s segments include Global Industrial, Global Institutional, Global Energy, Other and Corporate. The Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. The Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units.
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