Ecolab Inc. (ECL) Expected to Post Quarterly Sales of $3.78 Billion

Analysts predict that Ecolab Inc. (NYSE:ECL) will report sales of $3.78 billion for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Ecolab’s earnings, with the lowest sales estimate coming in at $3.63 billion and the highest estimate coming in at $3.90 billion. Ecolab reported sales of $3.56 billion in the same quarter last year, which indicates a positive year over year growth rate of 6.2%. The company is expected to announce its next quarterly earnings report on Tuesday, October 30th.

On average, analysts expect that Ecolab will report full-year sales of $14.86 billion for the current year, with estimates ranging from $14.50 billion to $15.11 billion. For the next financial year, analysts expect that the firm will report sales of $15.65 billion per share, with estimates ranging from $15.45 billion to $16.02 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Ecolab.

Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $1.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.27. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.69 billion. Ecolab had a net margin of 10.83% and a return on equity of 18.96%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $1.13 earnings per share.

Several research firms have recently weighed in on ECL. Nomura reissued a “hold” rating and issued a $146.00 price target on shares of Ecolab in a research note on Wednesday, August 1st. Oppenheimer raised their price target on shares of Ecolab from $153.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 7th. Boenning Scattergood reissued a “buy” rating on shares of Ecolab in a research note on Tuesday, July 31st. Credit Suisse Group raised their price target on shares of Ecolab from $137.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of Ecolab from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Thursday, May 3rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. Ecolab currently has a consensus rating of “Hold” and an average price target of $146.18.

Ecolab opened at $146.86 on Friday, MarketBeat reports. The company has a current ratio of 1.27, a quick ratio of 0.84 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $42.88 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 2.16 and a beta of 0.95. Ecolab has a twelve month low of $125.74 and a twelve month high of $150.46.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Tuesday, September 18th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Monday, September 17th. Ecolab’s dividend payout ratio (DPR) is presently 34.97%.

In other Ecolab news, EVP Roberto Inchaustegui sold 10,600 shares of Ecolab stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $145.71, for a total transaction of $1,544,526.00. Following the transaction, the executive vice president now directly owns 33,202 shares of the company’s stock, valued at $4,837,863.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Victoria Reich sold 6,700 shares of Ecolab stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $148.40, for a total transaction of $994,280.00. Following the transaction, the director now directly owns 20,987 shares in the company, valued at $3,114,470.80. The disclosure for this sale can be found here. Insiders have sold 42,800 shares of company stock worth $6,308,471 over the last ninety days. 1.50% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in ECL. Bank of New York Mellon Corp raised its stake in shares of Ecolab by 84.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,752,688 shares of the basic materials company’s stock valued at $526,615,000 after acquiring an additional 1,723,429 shares during the period. AustralianSuper Pty Ltd purchased a new stake in shares of Ecolab in the 2nd quarter valued at approximately $147,206,000. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Ecolab by 46.6% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,620,682 shares of the basic materials company’s stock valued at $359,217,000 after acquiring an additional 833,015 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in shares of Ecolab by 30.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,813,341 shares of the basic materials company’s stock valued at $385,623,000 after acquiring an additional 653,809 shares during the period. Finally, Fiera Capital Corp raised its stake in shares of Ecolab by 60.3% in the 2nd quarter. Fiera Capital Corp now owns 1,006,453 shares of the basic materials company’s stock valued at $141,236,000 after acquiring an additional 378,720 shares during the period. 75.78% of the stock is currently owned by institutional investors and hedge funds.

Ecolab Company Profile

Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

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