Equities Analysts Offer Predictions for Ecolab Inc.’s Q1 2018 Earnings (ECL)
Ecolab Inc. (NYSE:ECL) – Stock analysts at William Blair issued their Q1 2018 earnings per share estimates for shares of Ecolab in a research note issued to investors on Tuesday. William Blair analyst T. Mulrooney forecasts that the basic materials company will post earnings per share of $0.92 for the quarter. William Blair also issued estimates for Ecolab’s Q2 2018 earnings at $1.26 EPS, Q3 2018 earnings at $1.51 EPS, Q4 2018 earnings at $1.50 EPS and FY2018 earnings at $5.19 EPS.
Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.55 billion. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 EPS.
Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity reissued a “buy” rating and set a $145.00 price target on shares of Ecolab in a research report on Monday, September 11th. UBS AG reissued a “buy” rating and set a $147.00 price target (up previously from $144.00) on shares of Ecolab in a research report on Wednesday, August 2nd. Morgan Stanley initiated coverage on shares of Ecolab in a research report on Tuesday, August 15th. They set an “equal weight” rating and a $140.00 price target for the company. Deutsche Bank AG raised their price target on shares of Ecolab from $132.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Ecolab has an average rating of “Hold” and an average price target of $136.43.
A number of large investors have recently bought and sold shares of the business. Guardian Life Insurance Co. of America grew its position in Ecolab by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,012 shares of the basic materials company’s stock worth $127,000 after purchasing an additional 7 shares during the period. Rench Wealth Management Inc. grew its position in Ecolab by 0.3% in the 1st quarter. Rench Wealth Management Inc. now owns 2,995 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 9 shares during the period. Green Square Capital LLC grew its position in Ecolab by 0.3% in the 2nd quarter. Green Square Capital LLC now owns 2,836 shares of the basic materials company’s stock worth $377,000 after purchasing an additional 9 shares during the period. Ironwood Investment Management LLC grew its position in Ecolab by 0.7% in the 2nd quarter. Ironwood Investment Management LLC now owns 2,708 shares of the basic materials company’s stock worth $359,000 after purchasing an additional 19 shares during the period. Finally, Atwood & Palmer Inc. grew its position in Ecolab by 2.9% in the 2nd quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 25 shares during the period. 75.31% of the stock is owned by institutional investors and hedge funds.
In other Ecolab news, insider Thomas W. Handley sold 7,397 shares of Ecolab 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.49% of the company’s stock.
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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