Ecolab Inc. (ECL) Scheduled to Post Quarterly Earnings on Tuesday
Ecolab Inc. (NYSE:ECL) will announce its earnings results before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $1.41 per share for the quarter. Ecolab has set its Q3 guidance at $1.36-1.44 EPS and its FY17 guidance at $4.70-4.90 EPS.
Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.01. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. Ecolab had a return on equity of 18.93% and a net margin of 9.66%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. On average, analysts expect Ecolab to post $4.73 EPS for the current fiscal year and $5.36 EPS for the next fiscal year.
Shares of Ecolab Inc. (NYSE ECL) traded up 0.23% during mid-day trading on Tuesday, hitting $132.91. The company had a trading volume of 90,469 shares. The firm has a market cap of $38.46 billion, a PE ratio of 30.39 and a beta of 0.98. Ecolab Inc. has a 12-month low of $110.65 and a 12-month high of $134.89. The firm’s 50 day moving average is $131.37 and its 200-day moving average is $130.72.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Tuesday, September 19th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Monday, September 18th. Ecolab’s payout ratio is 33.79%.
In related news, insider Thomas W. Handley sold 7,397 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $130.63, for a total value of $966,270.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder William H. Gates III acquired 75,500 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of $132.57 per share, with a total value of $10,009,035.00. The disclosure for this purchase can be found here. Insiders own 1.49% of the company’s stock.
ECL has been the topic of several recent analyst reports. Credit Suisse Group reissued a “hold” rating on shares of Ecolab in a report on Wednesday, September 6th. Zacks Investment Research downgraded Ecolab from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Royal Bank Of Canada boosted their target price on Ecolab from $134.00 to $137.00 and gave the stock an “outperform” rating in a report on Tuesday, September 12th. Canaccord Genuity reissued a “buy” rating and issued a $145.00 target price on shares of Ecolab in a report on Monday, September 11th. Finally, Nomura reissued a “hold” rating and issued a $117.00 target price (down from $120.00) on shares of Ecolab in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Ecolab has a consensus rating of “Hold” and an average price target of $134.21.
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.
Receive News & Ratings for Ecolab Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab Inc. and related companies with MarketBeat.com's FREE daily email newsletter.