Ecolab Inc. (ECL) Scheduled to Post Earnings on Tuesday

Ecolab Inc. (NYSE:ECL) is scheduled to release its earnings data before the market opens on Tuesday, October 31st. Analysts expect Ecolab to post 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 posted its earnings results on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Ecolab had a return on equity of 18.93% and a net margin of 9.66%. Ecolab’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. On average, analysts expect Ecolab to post $4.73 EPS for the current fiscal year and $5.36 EPS for the next fiscal year.

Ecolab Inc. (NYSE ECL) traded down 0.65% during mid-day trading on Monday, reaching $131.13. The company’s stock had a trading volume of 113,105 shares. The company has a market capitalization of $37.95 billion, a PE ratio of 29.98 and a beta of 0.98. The firm has a 50 day moving average price of $131.43 and a 200-day moving average price of $130.84. Ecolab Inc. has a 1-year low of $110.65 and a 1-year high of $134.89.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Tuesday, September 19th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, September 18th. Ecolab’s dividend payout ratio (DPR) is presently 33.79%.

Several equities analysts have recently issued reports on the company. Deutsche Bank AG lifted their price target on Ecolab from $132.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Robert W. Baird reiterated a “hold” rating and set a $140.00 price target on shares of Ecolab in a research report on Thursday, October 12th. Zacks Investment Research cut Ecolab from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Credit Suisse Group set a $128.00 price target on Ecolab and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, Canaccord Genuity lifted their target price on Ecolab from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $134.21.

In other news, insider Thomas W. Handley sold 7,397 shares of Ecolab stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $130.63, for a total transaction of $966,270.11. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder William H. Gates III purchased 75,500 shares of the stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average price of $132.57 per share, for a total transaction of $10,009,035.00. The disclosure for this purchase can be found here. Insiders own 1.49% of the company’s stock.

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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.

Earnings History for Ecolab (NYSE:ECL)

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