Wall Street analysts forecast that Ecolab Inc. (NYSE:ECL) will report $3.20 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Ecolab’s earnings, with the highest sales estimate coming in at $3.39 billion and the lowest estimate coming in at $2.42 billion. Ecolab reported sales of $3.07 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.2%. The business is expected to issue its next quarterly earnings results on Tuesday, February 15th.
On average, analysts expect that Ecolab will report full year sales of $12.63 billion for the current fiscal year, with estimates ranging from $11.79 billion to $12.80 billion. For the next year, analysts forecast that the business will post sales of $13.68 billion, with estimates ranging from $13.26 billion to $14.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Ecolab.
Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, October 26th. The basic materials company reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.08. The firm had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.26 billion. Ecolab had a return on equity of 20.45% and a net margin of 9.08%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 earnings per share.
In other news, Director Victoria Reich sold 2,400 shares of Ecolab stock in a transaction that occurred on Wednesday, November 10th. The shares were sold at an average price of $233.27, for a total transaction of $559,848.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Machiel Duijser sold 1,452 shares of Ecolab stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $222.75, for a total transaction of $323,433.00. The disclosure for this sale can be found here. Insiders have sold 225,744 shares of company stock valued at $50,957,656 in the last ninety days. Insiders own 1.05% of the company’s stock.
A number of hedge funds have recently modified their holdings of ECL. Canton Hathaway LLC purchased a new position in Ecolab during the third quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Ecolab during the third quarter valued at approximately $28,000. US Asset Management LLC purchased a new position in Ecolab during the third quarter valued at approximately $29,000. Strategic Blueprint LLC purchased a new position in Ecolab during the second quarter valued at approximately $31,000. Finally, FinTrust Capital Advisors LLC grew its holdings in Ecolab by 149.2% in the third quarter. FinTrust Capital Advisors LLC now owns 147 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 88 shares during the last quarter. 72.19% of the stock is currently owned by institutional investors.
Shares of NYSE:ECL opened at $231.35 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.85. Ecolab has a 12 month low of $201.15 and a 12 month high of $238.93. The company has a 50-day moving average price of $222.97 and a 200 day moving average price of $219.19. The company has a market cap of $66.30 billion, a price-to-earnings ratio of 59.17, a PEG ratio of 3.80 and a beta of 1.00.
Ecolab Company Profile
Ecolab, Inc engages in the provision of products and services in the field of water, hygiene, and energy. It operates through the following segments: Global Industrial, Global Institutional & Specialty, Global Energy & Life Science, and Other. The Global Industrial segment consists of the water, food and beverage, paper, and downstream operating segments.
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