Zacks: Brokerages Anticipate Echo Global Logistics, Inc. (ECHO) Will Announce Earnings of $0.38 Per Share

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Equities analysts expect Echo Global Logistics, Inc. (NASDAQ:ECHO) to post earnings of $0.38 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Echo Global Logistics’ earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.41. Echo Global Logistics posted earnings of $0.33 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 15.2%. The firm is expected to issue its next earnings report on Wednesday, February 6th.

According to Zacks, analysts expect that Echo Global Logistics will report full year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.81. For the next year, analysts expect that the company will post earnings of $1.88 per share, with EPS estimates ranging from $1.68 to $2.00. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Echo Global Logistics.

Echo Global Logistics (NASDAQ:ECHO) last released its quarterly earnings data on Wednesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.09. The firm had revenue of $644.82 million for the quarter, compared to analyst estimates of $632.54 million. Echo Global Logistics had a net margin of 1.46% and a return on equity of 11.25%.

Several research analysts have weighed in on the stock. TheStreet upgraded shares of Echo Global Logistics from a “c+” rating to a “b-” rating in a research note on Friday, August 10th. BidaskClub downgraded shares of Echo Global Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Barrington Research reissued a “buy” rating and issued a $37.00 target price on shares of Echo Global Logistics in a research report on Wednesday, October 24th. Morgan Stanley boosted their target price on shares of Echo Global Logistics from $22.00 to $23.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 9th. Finally, Cowen decreased their target price on shares of Echo Global Logistics from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $33.10.

Echo Global Logistics stock traded down $1.14 during trading hours on Monday, hitting $25.25. The company had a trading volume of 371,110 shares, compared to its average volume of 461,743. The firm has a market cap of $762.50 million, a PE ratio of 38.26, a P/E/G ratio of 0.98 and a beta of 1.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.51 and a current ratio of 1.51. Echo Global Logistics has a fifty-two week low of $23.25 and a fifty-two week high of $36.75.

In other Echo Global Logistics news, CEO Douglas R. Waggoner sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $33.03, for a total value of $165,150.00. Following the completion of the sale, the chief executive officer now directly owns 311,532 shares of the company’s stock, valued at $10,289,901.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Echo Global Logistics during the 2nd quarter worth $175,000. Piedmont Investment Advisors LLC bought a new stake in shares of Echo Global Logistics during the 2nd quarter worth $182,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Echo Global Logistics during the 3rd quarter worth $211,000. First Trust Advisors LP bought a new stake in shares of Echo Global Logistics during the 3rd quarter worth $213,000. Finally, Bowling Portfolio Management LLC bought a new stake in shares of Echo Global Logistics during the 3rd quarter worth $248,000. 99.40% of the stock is owned by institutional investors and hedge funds.

Echo Global Logistics Company Profile

Echo Global Logistics, Inc provides technology-enabled transportation and supply chain management solutions in the United States. It uses a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs. The company offers services in various transportation modes, such as truckload, less-than truckload, small parcel, inter-modal, domestic air, and expedited and international.

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