Analysts expect Ecolab Inc. (NYSE:ECL) to post sales of $3.87 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Ecolab’s earnings, with the lowest sales estimate coming in at $3.84 billion and the highest estimate coming in at $3.91 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 business is expected to report its next earnings report 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 forecast that the business will report sales of $15.39 billion, with estimates ranging from $14.42 billion to $15.85 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Ecolab.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $1.71 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.71. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.89 billion. Ecolab had a net margin of 10.27% and a return on equity of 20.08%. Ecolab’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 earnings per share.
In other Ecolab news, insider Catelan Leanne bought 50,000 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were acquired at an average price of $1.16 per share, with a total value of $58,000.00. Also, EVP Darrell R. Brown sold 12,678 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $198.09, for a total transaction of $2,511,385.02. Following the completion of the transaction, the executive vice president now directly owns 21,061 shares in the company, valued at approximately $4,171,973.49. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Ecolab by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 22,709,178 shares of the basic materials company’s stock worth $4,483,701,000 after buying an additional 419,611 shares during the period. BlackRock Inc. increased its stake in Ecolab by 3.4% during the 2nd quarter. BlackRock Inc. now owns 17,657,493 shares of the basic materials company’s stock worth $3,486,296,000 after buying an additional 578,662 shares during the period. Morgan Stanley increased its stake in Ecolab by 251.6% during the 2nd quarter. Morgan Stanley now owns 7,383,606 shares of the basic materials company’s stock worth $1,457,819,000 after buying an additional 5,283,861 shares during the period. Edgewood Management LLC increased its stake in Ecolab by 1.0% during the 2nd quarter. Edgewood Management LLC now owns 6,535,415 shares of the basic materials company’s stock worth $1,290,352,000 after buying an additional 64,560 shares during the period. Finally, California Public Employees Retirement System increased its stake in Ecolab by 7.8% during the 3rd quarter. California Public Employees Retirement System now owns 2,073,462 shares of the basic materials company’s stock worth $410,628,000 after buying an additional 150,379 shares during the period. 75.34% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:ECL traded down $0.02 during trading hours on Thursday, reaching $191.74. 535,029 shares of the company were exchanged, compared to its average volume of 985,704. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.24 and a quick ratio of 0.84. The firm has a market cap of $55.27 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 2.63 and a beta of 0.81. Ecolab has a 52-week low of $135.77 and a 52-week high of $209.87. The stock has a 50 day simple moving average of $192.89 and a 200 day simple moving average of $194.57.
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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