Analysts expect Echo Global Logistics, Inc. (NASDAQ:ECHO) to report sales of $479.91 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Echo Global Logistics’ earnings, with the highest sales estimate coming in at $482.88 million and the lowest estimate coming in at $475.53 million. Echo Global Logistics reported sales of $406.85 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18%. The firm is expected to report its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Echo Global Logistics will report full year sales of $479.91 million for the current fiscal year, with estimates ranging from $1.87 billion to $1.88 billion. For the next financial year, analysts expect that the company will post sales of $2.08 billion per share, with estimates ranging from $2.00 billion to $2.18 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Echo Global Logistics.

Echo Global Logistics (NASDAQ:ECHO) last released its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.09. Echo Global Logistics had a positive return on equity of 3.29% and a negative net margin of 0.20%. The company had revenue of $509.50 million during the quarter, compared to analysts’ expectations of $473.44 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year.

Several research firms recently commented on ECHO. Credit Suisse Group upped their target price on Echo Global Logistics from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded Echo Global Logistics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Cowen and Company reissued a “buy” rating and set a $19.00 price target on shares of Echo Global Logistics in a research report on Wednesday, October 4th. ValuEngine raised Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $18.00 price target on shares of Echo Global Logistics in a research report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Echo Global Logistics currently has an average rating of “Hold” and a consensus target price of $23.90.

Echo Global Logistics (NASDAQ ECHO) traded up $0.70 during midday trading on Tuesday, hitting $24.70. The stock had a trading volume of 685,700 shares, compared to its average volume of 356,004. Echo Global Logistics has a 12 month low of $13.00 and a 12 month high of $28.90. The firm has a market capitalization of $702.57, a PE ratio of 58.54, a price-to-earnings-growth ratio of 2.78 and a beta of 1.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.40 and a current ratio of 1.40.

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In related news, COO David B. Menzel sold 57,500 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $23.91, for a total value of $1,374,825.00. Following the completion of the transaction, the chief operating officer now owns 187,822 shares of the company’s stock, valued at $4,490,824.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kyle Sauers sold 20,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $23.92, for a total value of $478,400.00. Following the completion of the transaction, the chief financial officer now directly owns 65,919 shares of the company’s stock, valued at approximately $1,576,782.48. The disclosure for this sale can be found here. Insiders sold 223,660 shares of company stock valued at $5,299,371 in the last ninety days. Company insiders own 8.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue raised its stake in Echo Global Logistics by 77.3% during the second quarter. State of Alaska Department of Revenue now owns 5,371 shares of the transportation company’s stock valued at $106,000 after buying an additional 2,341 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Echo Global Logistics by 4.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,450 shares of the transportation company’s stock valued at $128,000 after buying an additional 260 shares in the last quarter. SG Americas Securities LLC raised its stake in Echo Global Logistics by 22.5% during the second quarter. SG Americas Securities LLC now owns 6,894 shares of the transportation company’s stock valued at $137,000 after buying an additional 1,266 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Echo Global Logistics by 63.3% during the second quarter. BNP Paribas Arbitrage SA now owns 8,099 shares of the transportation company’s stock valued at $161,000 after buying an additional 3,139 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in Echo Global Logistics during the third quarter valued at approximately $207,000. Hedge funds and other institutional investors own 87.56% of the company’s stock.

Echo Global Logistics Company Profile

Echo Global Logistics, Inc is a provider of technology-enabled transportation and supply chain management solutions. The Company utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services.

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