Ecolab Inc. (ECL) Updates FY17 Earnings Guidance

Ecolab Inc. (NYSE:ECL) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.70-4.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.79. Ecolab also updated its Q3 guidance to $1.36-1.44 EPS.

Ecolab Inc. (NYSE ECL) traded down 0.32% during trading on Friday, reaching $129.81. 618,651 shares of the company’s stock were exchanged. The firm has a market cap of $37.56 billion, a P/E ratio of 29.68 and a beta of 0.98. The stock’s 50 day moving average price is $132.19 and its 200 day moving average price is $127.80. Ecolab Inc. has a 52-week low of $110.65 and a 52-week high of $134.89.

Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.12 by $0.01. The business had revenue of $3.46 billion during 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%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share. Equities research analysts anticipate that Ecolab Inc. will post $4.80 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Tuesday, September 19th will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, September 18th. This represents a $1.48 annualized dividend and a dividend yield of 1.14%. Ecolab’s payout ratio is presently 33.79%.

Several equities analysts have recently weighed in on ECL shares. Zacks Investment Research downgraded Ecolab from a buy rating to a hold rating in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $141.00 price objective (up from $133.00) on shares of Ecolab in a report on Friday, June 2nd. Deutsche Bank AG raised their target price on Ecolab from $132.00 to $134.00 and gave the stock a hold rating in a research report on Wednesday, August 2nd. Credit Suisse Group set a $128.00 price objective on Ecolab and gave the company a hold rating in a research report on Thursday, August 3rd. Finally, UBS AG reaffirmed a buy rating and set a $147.00 price objective (up from $144.00) on shares of Ecolab in a research report on Wednesday, August 2nd. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Ecolab currently has an average rating of Buy and an average target price of $133.43.

In other news, EVP Christophe Beck sold 6,959 shares of the stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $127.11, for a total value of $884,558.49. Following the transaction, the executive vice president now directly owns 42,419 shares of the company’s stock, valued at $5,391,879.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael A. Hickey sold 13,700 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $131.30, for a total value of $1,798,810.00. The disclosure for this sale can be found here. Insiders have sold a total of 44,810 shares of company stock worth $5,897,361 over the last ninety days. 1.49% of the stock is currently owned by corporate insiders.

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About Ecolab

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 and Estimates for Ecolab (NYSE:ECL)

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