Ecolab Inc. (ECL) to Post Q1 2019 Earnings of $1.08 Per Share, Seaport Global Securities Forecasts

Ecolab Inc. (NYSE:ECL) – Investment analysts at Seaport Global Securities issued their Q1 2019 EPS estimates for Ecolab in a report issued on Wednesday. Seaport Global Securities analyst M. Harrison anticipates that the basic materials company will earn $1.08 per share for the quarter. Seaport Global Securities also issued estimates for Ecolab’s Q2 2019 earnings at $1.46 EPS, Q3 2019 earnings at $1.67 EPS, Q4 2019 earnings at $1.67 EPS and FY2019 earnings at $5.88 EPS.

Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.01. The firm had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 earnings per share.

Several other research analysts have also recently weighed in on ECL. Royal Bank of Canada reaffirmed a “buy” rating on shares of Ecolab in a report on Friday. Zacks Investment Research cut shares of Ecolab from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Citigroup cut shares of Ecolab from a “buy” rating to a “neutral” rating in a report on Friday, January 5th. UBS Group upped their price target on shares of Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $140.00 price target on shares of Ecolab in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. Ecolab presently has a consensus rating of “Hold” and an average target price of $137.21.

Ecolab (NYSE ECL) traded up $1.40 during trading on Friday, hitting $139.75. 1,070,000 shares of the stock traded hands, compared to its average volume of 1,020,000. The company has a market capitalization of $40,380.00, a PE ratio of 31.48, a P/E/G ratio of 2.03 and a beta of 1.05. Ecolab has a 52-week low of $117.55 and a 52-week high of $139.97. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

A number of hedge funds and other institutional investors have recently bought and sold shares of ECL. Mutual of America Capital Management LLC boosted its position in Ecolab by 0.6% during the second quarter. Mutual of America Capital Management LLC now owns 31,834 shares of the basic materials company’s stock valued at $4,226,000 after buying an additional 203 shares during the period. Quantitative Investment Management LLC boosted its position in Ecolab by 60.1% during the second quarter. Quantitative Investment Management LLC now owns 144,100 shares of the basic materials company’s stock valued at $19,129,000 after buying an additional 54,100 shares during the period. UBS Asset Management Americas Inc. boosted its position in Ecolab by 2.3% during the second quarter. UBS Asset Management Americas Inc. now owns 2,285,128 shares of the basic materials company’s stock valued at $303,351,000 after buying an additional 51,316 shares during the period. GSA Capital Partners LLP purchased a new stake in Ecolab during the second quarter valued at about $356,000. Finally, D.A. Davidson & CO. boosted its position in Ecolab by 0.7% during the second quarter. D.A. Davidson & CO. now owns 28,148 shares of the basic materials company’s stock valued at $3,736,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 76.57% of the company’s stock.

In related news, Director David Maclennan bought 450 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average cost of $131.77 per share, for a total transaction of $59,296.50. Following the completion of the transaction, the director now owns 1,514 shares of the company’s stock, valued at $199,499.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Bruno Lavandier sold 347 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $134.77, for a total transaction of $46,765.19. Following the completion of the transaction, the senior vice president now owns 7,615 shares of the company’s stock, valued at $1,026,273.55. The disclosure for this sale can be found here. Insiders sold 57,446 shares of company stock valued at $7,886,307 over the last quarter. 1.49% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, December 19th were given a $0.41 dividend. The ex-dividend date of this dividend was Monday, December 18th. This is a positive change from Ecolab’s previous quarterly dividend of $0.37. This represents a $1.64 annualized dividend and a yield of 1.17%. Ecolab’s payout ratio is 33.33%.

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About Ecolab

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.

Earnings History and Estimates for Ecolab (NYSE:ECL)

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