Wall Street analysts expect Echo Global Logistics, Inc. (NASDAQ:ECHO) to announce earnings of $0.27 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Echo Global Logistics’ earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.22. Echo Global Logistics posted earnings per share of $0.47 in the same quarter last year, which would indicate a negative year-over-year growth rate of 42.6%. The company is scheduled to issue its next earnings report on Wednesday, February 5th.
On average, analysts expect that Echo Global Logistics will report full-year earnings of $1.45 per share for the current financial year, with EPS estimates ranging from $1.41 to $1.52. For the next fiscal year, analysts anticipate that the company will post earnings of $1.41 per share, with EPS estimates ranging from $1.22 to $1.70. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Echo Global Logistics.
Echo Global Logistics (NASDAQ:ECHO) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $561.44 million for the quarter, compared to analyst estimates of $548.10 million. Echo Global Logistics had a return on equity of 9.70% and a net margin of 0.91%. The company’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS.
ECHO has been the topic of a number of research analyst reports. Cowen decreased their target price on Echo Global Logistics from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. ValuEngine upgraded Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered Echo Global Logistics from a “hold” rating to a “sell” rating in a research report on Monday, December 30th. Barrington Research reiterated a “buy” rating and set a $27.00 price objective on shares of Echo Global Logistics in a research report on Monday, October 28th. Finally, Susquehanna Bancshares upgraded Echo Global Logistics from a “neutral” rating to a “positive” rating and set a $29.00 price objective on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $25.89.
Shares of NASDAQ ECHO opened at $22.56 on Monday. The firm has a market capitalization of $593.94 million, a P/E ratio of 16.12, a P/E/G ratio of 1.09 and a beta of 1.89. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.49. The stock’s 50-day simple moving average is $20.12 and its two-hundred day simple moving average is $20.76. Echo Global Logistics has a twelve month low of $18.00 and a twelve month high of $25.95.
In other news, COO David B. Menzel sold 20,000 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $20.89, for a total transaction of $417,800.00. Following the transaction, the chief operating officer now directly owns 145,722 shares in the company, valued at approximately $3,044,132.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in ECHO. First Trust Advisors LP bought a new position in shares of Echo Global Logistics during the 1st quarter valued at about $208,000. Prudential Financial Inc. boosted its holdings in Echo Global Logistics by 2.2% during the 2nd quarter. Prudential Financial Inc. now owns 50,144 shares of the transportation company’s stock valued at $1,047,000 after acquiring an additional 1,100 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Echo Global Logistics by 18.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 471,904 shares of the transportation company’s stock valued at $9,849,000 after acquiring an additional 72,577 shares during the period. Pacer Advisors Inc. boosted its holdings in Echo Global Logistics by 16.5% during the 2nd quarter. Pacer Advisors Inc. now owns 14,518 shares of the transportation company’s stock valued at $303,000 after acquiring an additional 2,060 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in Echo Global Logistics by 251.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 18,373 shares of the transportation company’s stock valued at $383,000 after acquiring an additional 13,145 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.
About Echo Global Logistics
Echo Global Logistics, Inc provides technology-enabled transportation and supply chain management solutions in the United States. It utilizes a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs.
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