Wall Street analysts predict that Ecolab Inc. (NYSE:ECL) will announce sales of $3.30 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Ecolab’s earnings. The lowest sales estimate is $3.25 billion and the highest is $3.36 billion. Ecolab reported sales of $3.02 billion during the same quarter last year, which would suggest a positive year over year growth rate of 9.3%. The business is scheduled to issue its next earnings report on Tuesday, October 26th.
According to Zacks, analysts expect that Ecolab will report full year sales of $12.57 billion for the current financial year, with estimates ranging from $11.79 billion to $12.79 billion. For the next fiscal year, analysts expect that the firm will report sales of $13.47 billion, with estimates ranging from $13.20 billion to $13.63 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Ecolab.
Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, July 27th. The basic materials company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.18 by $0.04. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.11 billion. Ecolab had a return on equity of 20.14% and a net margin of 8.66%. Ecolab’s revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS.
Shares of NYSE:ECL traded down $0.90 during midday trading on Tuesday, hitting $223.56. The company had a trading volume of 910,376 shares, compared to its average volume of 991,874. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.91 and a quick ratio of 1.41. The company has a market cap of $63.96 billion, a price-to-earnings ratio of 61.42, a PEG ratio of 3.54 and a beta of 1.00. Ecolab has a 12-month low of $181.25 and a 12-month high of $231.25. The company has a fifty day moving average of $220.01 and a two-hundred day moving average of $217.08.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Tuesday, September 14th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Monday, September 13th. Ecolab’s dividend payout ratio (DPR) is currently 47.76%.
In other news, EVP Laurie M. Marsh sold 11,536 shares of the stock in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $225.03, for a total transaction of $2,595,946.08. Following the transaction, the executive vice president now directly owns 26,193 shares in the company, valued at $5,894,210.79. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Scott D. Kirkland sold 2,800 shares of the stock in a transaction that occurred on Thursday, August 5th. The shares were sold at an average price of $217.67, for a total transaction of $609,476.00. Following the transaction, the senior vice president now owns 6,122 shares in the company, valued at $1,332,575.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,460 shares of company stock worth $9,860,974. Corporate insiders own 1.05% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in ECL. Amundi acquired a new stake in Ecolab in the second quarter valued at approximately $204,144,000. Millennium Management LLC boosted its stake in Ecolab by 8,040.9% in the second quarter. Millennium Management LLC now owns 901,030 shares of the basic materials company’s stock valued at $185,585,000 after acquiring an additional 889,962 shares in the last quarter. Impax Asset Management Group plc boosted its stake in Ecolab by 23.9% in the second quarter. Impax Asset Management Group plc now owns 3,196,298 shares of the basic materials company’s stock valued at $658,341,000 after acquiring an additional 617,083 shares in the last quarter. State Street Corp boosted its stake in Ecolab by 5.3% in the second quarter. State Street Corp now owns 11,743,497 shares of the basic materials company’s stock valued at $2,424,409,000 after acquiring an additional 587,269 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Ecolab by 13.7% in the first quarter. Royal Bank of Canada now owns 4,583,680 shares of the basic materials company’s stock valued at $981,228,000 after acquiring an additional 552,683 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.
Ecolab Company Profile
Ecolab, Inc engages in the provision of products and services in the field of water, hygiene, and energy. It operates through the following segments: Global Industrial, Global Institutional & Specialty, Global Energy & Life Science, and Other. The Global Industrial segment consists of the water, food and beverage, paper, and downstream operating segments.
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