Echo Global Logistics (ECHO) Scheduled to Post Earnings on Thursday
Echo Global Logistics (NASDAQ:ECHO) is scheduled to post its Q313 quarterly earnings results on Thursday, October 24th. Analysts expect Echo Global Logistics to post earnings of $0.21 per share and revenue of $238.97 million for the quarter. Echo Global Logistics has set its FY13 guidance at $0.78-0.84 EPS.
Echo Global Logistics (NASDAQ:ECHO) last announced its earnings results on Thursday, July 25th. The company reported $0.17 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.17. The company had revenue of $224.10 million for the quarter, compared to the consensus estimate of $218.20 million. During the same quarter last year, the company posted $0.17 earnings per share. Echo Global Logistics’s revenue was up 21.0% compared to the same quarter last year. On average, analysts expect Echo Global Logistics to post $0.78 EPS for the current fiscal year and $1.05 EPS for the next fiscal year.
Echo Global Logistics (NASDAQ:ECHO) traded up 2.81% on Wednesday, hitting $21.59. The stock had a trading volume of 139,335 shares. Echo Global Logistics has a one year low of $15.50 and a one year high of $22.65. The stock has a 50-day moving average of $21.72 and a 200-day moving average of $19.91. The company has a market cap of $507.1 million and a P/E ratio of 38.11.
ECHO has been the subject of a number of recent research reports. Analysts at Barrington Research raised their price target on shares of Echo Global Logistics from $23.00 to $26.00 in a research note to investors on Friday, August 2nd. On a related note, analysts at Stifel Nicolaus downgraded shares of Echo Global Logistics from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, July 30th. They now have a $21.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks upgraded shares of Echo Global Logistics from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, July 29th. They now have a $21.80 price target on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.96.
Echo Global Logistics, Inc (NASDAQ:ECHO) is a provider of technology enabled transportation and supply chain management services.
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