Equities analysts forecast that Ecolab Inc. (NYSE:ECL) will report $3.87 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Ecolab’s earnings, with the highest sales estimate coming in at $3.91 billion and the lowest estimate coming in at $3.84 billion. Ecolab posted sales of $3.76 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2.9%. The company is scheduled to issue its next earnings results on Tuesday, February 18th.
According to Zacks, analysts expect that Ecolab will report full-year sales of $15.00 billion for the current year, with estimates ranging from $14.92 billion to $15.15 billion. For the next fiscal year, analysts anticipate that the company will report sales of $15.39 billion, with estimates ranging from $14.42 billion to $15.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Ecolab.
Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $1.71 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.71. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Ecolab had a return on equity of 20.08% and a net margin of 10.27%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.53 earnings per share.
In other Ecolab news, EVP Darrell R. Brown sold 12,678 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $198.09, for a total value of $2,511,385.02. Following the completion of the sale, the executive vice president now directly owns 21,061 shares in the company, valued at $4,171,973.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Catelan Leanne bought 50,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was purchased at an average price of $1.16 per share, with a total value of $58,000.00. Corporate insiders own 1.52% of the company’s stock.
Several large investors have recently made changes to their positions in ECL. Capital Management Corp VA increased its stake in shares of Ecolab by 3.9% in the second quarter. Capital Management Corp VA now owns 1,335 shares of the basic materials company’s stock worth $264,000 after acquiring an additional 50 shares during the last quarter. Gamble Jones Investment Counsel increased its stake in shares of Ecolab by 0.6% in the second quarter. Gamble Jones Investment Counsel now owns 8,072 shares of the basic materials company’s stock worth $1,594,000 after acquiring an additional 50 shares during the last quarter. Johnson Financial Group Inc. increased its stake in shares of Ecolab by 2.6% in the second quarter. Johnson Financial Group Inc. now owns 2,195 shares of the basic materials company’s stock worth $433,000 after acquiring an additional 56 shares during the last quarter. Pillar Pacific Capital Management LLC increased its stake in shares of Ecolab by 4.9% in the second quarter. Pillar Pacific Capital Management LLC now owns 1,271 shares of the basic materials company’s stock worth $251,000 after acquiring an additional 59 shares during the last quarter. Finally, Baker Avenue Asset Management LP increased its stake in shares of Ecolab by 0.7% in the third quarter. Baker Avenue Asset Management LP now owns 9,081 shares of the basic materials company’s stock worth $1,798,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.
Shares of ECL traded down $0.05 during midday trading on Friday, reaching $185.15. 785,063 shares of the company were exchanged, compared to its average volume of 1,071,602. The stock has a 50-day moving average price of $188.80 and a 200-day moving average price of $195.05. The company has a market cap of $53.51 billion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 2.56 and a beta of 0.80. Ecolab has a 1-year low of $135.77 and a 1-year high of $209.87. The company has a current ratio of 1.24, a quick ratio of 0.84 and a debt-to-equity ratio of 0.69.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 17th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.02%. This is a positive change from Ecolab’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, December 16th. Ecolab’s dividend payout ratio is 35.05%.
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.
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