Echo Global Logistics, Inc. (ECHO) Expected to Announce Earnings of $0.25 Per Share

Equities analysts expect Echo Global Logistics, Inc. (NASDAQ:ECHO) to post earnings per share (EPS) of $0.25 for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Echo Global Logistics’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.30. Echo Global Logistics posted earnings of $0.09 per share during the same quarter last year, which indicates a positive year over year growth rate of 177.8%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that Echo Global Logistics will report full-year earnings of $1.06 per share for the current fiscal year, with EPS estimates ranging from $0.82 to $1.40. For the next financial year, analysts anticipate that the business will report earnings of $1.41 per share, with EPS estimates ranging from $1.02 to $1.65. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Echo Global Logistics.

Echo Global Logistics (NASDAQ:ECHO) last posted its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.14. Echo Global Logistics had a return on equity of 15.26% and a net margin of 2.44%. The company had revenue of $547.70 million during the quarter, compared to analysts’ expectations of $484.47 million. During the same quarter in the previous year, the business earned $0.07 EPS. Echo Global Logistics’s revenue was up 34.6% compared to the same quarter last year.

A number of equities analysts recently issued reports on ECHO shares. Stephens restated a “buy” rating and set a $34.00 price objective on shares of Echo Global Logistics in a report on Wednesday, January 10th. Stifel Nicolaus restated a “buy” rating and set a $31.00 price objective (up previously from $25.00) on shares of Echo Global Logistics in a report on Friday, December 8th. Morgan Stanley boosted their price objective on Echo Global Logistics from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Zacks Investment Research cut Echo Global Logistics from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Macquarie cut Echo Global Logistics from an “outperform” rating to a “neutral” rating in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Echo Global Logistics presently has a consensus rating of “Hold” and an average price target of $29.90.

Echo Global Logistics (ECHO) opened at $29.45 on Tuesday. Echo Global Logistics has a 1-year low of $13.00 and a 1-year high of $32.95. The company has a current ratio of 2.09, a quick ratio of 1.40 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $826.07, a price-to-earnings ratio of 64.02, a P/E/G ratio of 2.27 and a beta of 1.55.

In other Echo Global Logistics news, COO David B. Menzel sold 30,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $24.55, for a total value of $736,500.00. Following the completion of the sale, the chief operating officer now directly owns 180,322 shares in the company, valued at approximately $4,426,905.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. bought a new position in shares of Echo Global Logistics in the 4th quarter worth $238,000. UBS Asset Management Americas Inc. bought a new position in shares of Echo Global Logistics in the 4th quarter worth $266,000. BlackRock Inc. raised its position in shares of Echo Global Logistics by 1.6% in the 4th quarter. BlackRock Inc. now owns 3,529,152 shares of the transportation company’s stock worth $98,816,000 after acquiring an additional 55,081 shares in the last quarter. Rhumbline Advisers raised its position in shares of Echo Global Logistics by 15.2% in the 4th quarter. Rhumbline Advisers now owns 63,305 shares of the transportation company’s stock worth $1,773,000 after acquiring an additional 8,345 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of Echo Global Logistics by 215.7% in the 4th quarter. Arizona State Retirement System now owns 44,088 shares of the transportation company’s stock worth $1,234,000 after acquiring an additional 30,124 shares in the last quarter. 93.65% of the stock is 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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