FY2017 Earnings Forecast for Ecolab Inc. Issued By William Blair (ECL)
Ecolab Inc. (NYSE:ECL) – Equities researchers at William Blair raised their FY2017 EPS estimates for Ecolab in a research note issued to investors on Tuesday. William Blair analyst T. Mulrooney now expects that the basic materials company will earn $4.77 per share for the year, up from their previous estimate of $4.75. William Blair also issued estimates for Ecolab’s Q4 2017 earnings at $1.45 EPS.
ECL has been the subject of a number of other research reports. Deutsche Bank AG increased their price objective on shares of Ecolab from $132.00 to $134.00 and gave the stock a “hold” rating in a research report on Wednesday. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $141.00 price target (up previously from $133.00) on shares of Ecolab in a research report on Friday, June 2nd. Zacks Investment Research cut shares of 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 shares of Ecolab and gave the company a “hold” rating in a research report on Thursday. Finally, Canaccord Genuity raised their price target on shares of Ecolab from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Ecolab has an average rating of “Buy” and an average price target of $133.43.
Shares of Ecolab (NYSE ECL) opened at 132.90 on Friday. The stock has a market cap of $38.51 billion, a price-to-earnings ratio of 30.38 and a beta of 0.98. The company has a 50 day moving average price of $132.62 and a 200-day moving average price of $127.25. Ecolab has a one year low of $110.65 and a one year high of $134.89.
Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The firm 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%. Ecolab’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 earnings per share.
Several large investors have recently added to or reduced their stakes in ECL. BlackRock Inc. boosted its stake in Ecolab by 2,154.8% in the first quarter. BlackRock Inc. now owns 15,032,404 shares of the basic materials company’s stock valued at $1,884,161,000 after buying an additional 14,365,723 shares during the period. Vanguard Group Inc. boosted its stake in Ecolab by 5.4% in the first quarter. Vanguard Group Inc. now owns 20,454,223 shares of the basic materials company’s stock valued at $2,563,731,000 after buying an additional 1,044,370 shares during the period. Alliancebernstein L.P. boosted its stake in Ecolab by 19.3% in the first quarter. Alliancebernstein L.P. now owns 3,555,051 shares of the basic materials company’s stock valued at $445,590,000 after buying an additional 574,200 shares during the period. Renaissance Technologies LLC purchased a new stake in Ecolab during the first quarter valued at about $59,389,000. Finally, AXA boosted its stake in Ecolab by 38.6% in the first quarter. AXA now owns 1,406,156 shares of the basic materials company’s stock valued at $176,247,000 after buying an additional 391,686 shares during the period. 75.84% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Stephen M. Taylor sold 23,151 shares of Ecolab stock in a transaction on Friday, June 9th. The shares were sold at an average price of $133.06, for a total transaction of $3,080,472.06. Following the completion of the sale, the executive vice president now directly owns 44,466 shares of the company’s stock, valued at approximately $5,916,645.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Bruno Lavandier sold 1,000 shares of Ecolab stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $133.52, for a total transaction of $133,520.00. Following the sale, the senior vice president now directly owns 8,922 shares of the company’s stock, valued at $1,191,265.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,810 shares of company stock valued at $5,897,361. Corporate insiders own 1.49% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Tuesday, September 19th will be given 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 1.11%. Ecolab’s dividend payout ratio (DPR) is currently 33.79%.
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.
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