Ecolab (NYSE:ECL) Releases FY19 Earnings Guidance

Ecolab (NYSE:ECL) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $5.80-6.00 for the period, compared to the Thomson Reuters consensus estimate of $5.90. Ecolab also updated its Q3 guidance to $1.65-1.75 EPS.

Ecolab stock traded down $0.94 during trading hours on Friday, hitting $199.99. 1,178,772 shares of the stock were exchanged, compared to its average volume of 1,084,793. The company has a quick ratio of 0.75, a current ratio of 1.18 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $59.29 billion, a PE ratio of 38.09, a P/E/G ratio of 2.80 and a beta of 0.84. Ecolab has a 12 month low of $135.77 and a 12 month high of $209.24. The stock has a 50-day moving average of $196.64.

Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.01. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Ecolab had a net margin of 10.12% and a return on equity of 19.28%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.27 earnings per share. As a group, sell-side analysts expect that Ecolab will post 5.91 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.92%. Ecolab’s dividend payout ratio is 35.05%.

Several analysts have weighed in on ECL shares. Argus upped their price objective on shares of Ecolab from $180.00 to $200.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. BMO Capital Markets increased their price target on shares of Ecolab from $169.00 to $180.00 and gave the company a market perform rating in a research note on Thursday, May 2nd. Credit Suisse Group set a $181.00 price target on shares of Ecolab and gave the company a neutral rating in a research note on Wednesday. UBS Group set a $202.00 price target on shares of Ecolab and gave the company a hold rating in a research note on Wednesday. Finally, Edward Jones cut shares of Ecolab from a buy rating to a hold rating in a research note on Friday, April 5th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $186.73.

In related news, Director Victoria Reich sold 1,500 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $199.25, for a total value of $298,875.00. Following the transaction, the director now directly owns 20,987 shares in the company, valued at $4,181,659.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jill S. Wyant sold 29,300 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $179.14, for a total transaction of $5,248,802.00. Following the completion of the transaction, the executive vice president now owns 34,718 shares in the company, valued at $6,219,382.52. The disclosure for this sale can be found here. Insiders have sold 73,550 shares of company stock worth $13,709,544 over the last three months. 1.52% of the stock is owned by insiders.

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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Earnings History and Estimates for Ecolab (NYSE:ECL)

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