Equities Analysts Issue Forecasts for Ecolab Inc.’s Q3 2017 Earnings (ECL)
Ecolab Inc. (NYSE:ECL) – Research analysts at Seaport Global Securities dropped their Q3 2017 EPS estimates for Ecolab in a research report issued on Friday. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will post earnings per share of $1.36 for the quarter, down from their prior forecast of $1.40. Seaport Global Securities also issued estimates for Ecolab’s Q4 2018 earnings at $1.60 EPS.
Other analysts also recently issued research reports about the stock. Canaccord Genuity increased their target price on shares of Ecolab from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, July 28th. UBS AG restated a “buy” rating and set a $147.00 price target (up from $144.00) on shares of Ecolab in a report on Wednesday, August 2nd. Morgan Stanley started coverage on Ecolab in a report on Tuesday, August 15th. They set an “equal weight” rating and a $140.00 price target on the stock. Jefferies Group LLC restated a “hold” rating and set a $130.00 price target on shares of Ecolab in a report on Wednesday, August 16th. Finally, Credit Suisse Group set a $128.00 price target on Ecolab and gave the stock a “hold” rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $133.57.
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Ecolab (ECL) opened at 131.12 on Monday. The company has a market cap of $37.94 billion, a price-to-earnings ratio of 29.98 and a beta of 0.99. Ecolab has a 1-year low of $110.65 and a 1-year high of $134.89. The company’s 50-day moving average is $131.63 and its 200 day moving average is $129.15.
Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.01. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the firm earned $1.08 EPS. Ecolab’s quarterly revenue was up 4.4% compared to the same quarter last year.
Institutional investors and hedge funds have recently modified their holdings of the stock. TCI Wealth Advisors Inc. lifted its holdings in shares of Ecolab by 4.8% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 35 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in shares of Ecolab by 60.0% in the 1st quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 800 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 300 shares in the last quarter. Atlantic Trust LLC bought a new position in shares of Ecolab in the 2nd quarter worth $106,000. IHT Wealth Management LLC lifted its holdings in shares of Ecolab by 4.9% in the 2nd quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 38 shares in the last quarter. Finally, JNBA Financial Advisors lifted its holdings in shares of Ecolab by 2.5% in the 1st quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock worth $109,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 75.53% of the company’s stock.
In other news, major shareholder William H. Gates III bought 75,500 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average cost of $132.57 per share, for a total transaction of $10,009,035.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.49% of the stock is owned by company insiders.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Tuesday, September 19th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, September 18th. Ecolab’s dividend payout ratio is currently 33.79%.
Ecolab Company Profile
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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