Ecolab Inc. (ECL) Scheduled to Post Quarterly Earnings on Tuesday
Ecolab Inc. (NYSE:ECL) will be announcing its earnings results before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $1.12 per share for the quarter. Ecolab has set its Q2 guidance at $1.08-1.15 EPS and its FY17 guidance at $4.70-4.90 EPS.
Ecolab (NYSE:ECL) last released its earnings results on Tuesday, May 2nd. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.01. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.16 billion. Ecolab had a net margin of 9.47% and a return on equity of 18.96%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. On average, analysts expect Ecolab to post $4.78 EPS for the current fiscal year and $5.36 EPS for the next fiscal year.
Ecolab Inc. (NYSE:ECL) traded down 0.3175% during trading on Thursday, reaching $132.0295. The company’s stock had a trading volume of 48,817 shares. The company’s 50-day moving average is $132.81 and its 200-day moving average is $126.80. Ecolab Inc. has a 1-year low of $110.65 and a 1-year high of $134.89. The company has a market capitalization of $38.29 billion, a P/E ratio of 31.1905 and a beta of 0.98.
The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Tuesday, June 20th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Friday, June 16th. Ecolab’s dividend payout ratio (DPR) is 34.91%.
Several analysts recently issued reports on ECL shares. J P Morgan Chase & Co raised Ecolab from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $120.00 to $138.00 in a report on Friday, May 26th. Nomura raised Ecolab from a “reduce” rating to a “neutral” rating and raised their price target for the stock from $99.00 to $118.00 in a report on Monday, April 3rd. Instinet raised Ecolab from a “reduce” rating to a “neutral” rating and raised their price target for the stock from $99.00 to $118.00 in a report on Monday, April 3rd. Canaccord Genuity reissued a “buy” rating and issued a $135.00 price target on shares of Ecolab in a report on Monday, May 1st. Finally, Zacks Investment Research downgraded Ecolab from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, eight 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 target price of $129.79.
In other news, Director Carl M. Casale purchased 5,000 shares of the stock in a transaction dated Friday, May 5th. The shares were bought at an average cost of $126.33 per share, for a total transaction of $631,650.00. Following the transaction, the director now owns 11,495 shares in the company, valued at $1,452,163.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bruno Lavandier sold 1,000 shares of Ecolab stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $133.52, for a total value of $133,520.00. Following the transaction, the senior vice president now owns 8,922 shares in the company, valued at $1,191,265.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,810 shares of company stock worth $5,897,361. 1.49% of the stock is owned by insiders.
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.
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