Analysts expect Echo Global Logistics, Inc. (NASDAQ:ECHO) to announce $479.87 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Echo Global Logistics’ earnings. The lowest sales estimate is $475.53 million and the highest is $482.88 million. Echo Global Logistics posted sales of $406.85 million in the same quarter last year, which would indicate a positive year over year growth rate of 17.9%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, February 7th.

On average, analysts expect that Echo Global Logistics will report full-year sales of $479.87 million for the current financial year, with estimates ranging from $1.87 billion to $1.89 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.10 billion per share, with estimates ranging from $2.07 billion to $2.18 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Echo Global Logistics.

Echo Global Logistics (NASDAQ:ECHO) last issued its earnings results on Wednesday, October 25th. The transportation company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.09. Echo Global Logistics had a return on equity of 2.78% and a net margin of 0.47%. The company had revenue of $509.50 million during the quarter, compared to the consensus estimate of $473.44 million. During the same period in the previous year, the firm posted $0.25 earnings per share. Echo Global Logistics’s quarterly revenue was up 10.7% compared to the same quarter last year.

A number of equities analysts have commented on ECHO shares. Zacks Investment Research upgraded Echo Global Logistics from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $31.00 price target (up previously from $25.00) on shares of Echo Global Logistics in a report on Friday, December 8th. Barrington Research reaffirmed an “outperform” rating and set a $26.00 price target (up previously from $18.00) on shares of Echo Global Logistics in a report on Monday, October 30th. UBS Group lifted their price target on Echo Global Logistics from $13.00 to $19.00 and gave the company a “sell” rating in a report on Thursday, October 26th. Finally, ValuEngine raised Echo Global Logistics from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Echo Global Logistics has an average rating of “Hold” and a consensus target price of $24.90.

Shares of Echo Global Logistics (NASDAQ:ECHO) traded up $0.65 during mid-day trading on Friday, reaching $28.90. The company’s stock had a trading volume of 329,500 shares, compared to its average volume of 277,475. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.40 and a current ratio of 1.40. Echo Global Logistics has a 12 month low of $13.00 and a 12 month high of $29.00. The firm has a market capitalization of $807.93, a P/E ratio of -222.31, a P/E/G ratio of 2.08 and a beta of 1.55.

In related news, Director Samuel K. Skinner sold 120,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $23.51, for a total transaction of $2,821,200.00. Following the sale, the director now owns 24,346 shares of the company’s stock, valued at $572,374.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO David B. Menzel sold 57,500 shares of the business’s stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 187,822 shares in the company, valued at approximately $4,490,824.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 253,660 shares of company stock worth $6,035,871. Corporate insiders own 8.10% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in Echo Global Logistics by 9.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,984,863 shares of the transportation company’s stock worth $37,414,000 after purchasing an additional 177,818 shares in the last quarter. Vanguard Group Inc. raised its holdings in Echo Global Logistics by 3.2% during the second quarter. Vanguard Group Inc. now owns 1,472,288 shares of the transportation company’s stock worth $29,299,000 after purchasing an additional 45,347 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Echo Global Logistics by 25.1% in the second quarter. Franklin Resources Inc. now owns 1,393,246 shares of the transportation company’s stock valued at $27,726,000 after buying an additional 279,142 shares in the last quarter. Granahan Investment Management Inc. MA increased its holdings in shares of Echo Global Logistics by 1,669.3% in the third quarter. Granahan Investment Management Inc. MA now owns 840,893 shares of the transportation company’s stock valued at $15,851,000 after buying an additional 793,366 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Echo Global Logistics by 24.1% in the third quarter. Stephens Investment Management Group LLC now owns 784,397 shares of the transportation company’s stock valued at $14,786,000 after buying an additional 152,088 shares in the last quarter. 94.92% of the stock is currently owned by hedge funds and other institutional investors.

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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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