Zacks: Analysts Expect Echo Global Logistics, Inc. (NASDAQ:ECHO) Will Announce Earnings of $0.28 Per Share

Equities analysts expect that Echo Global Logistics, Inc. (NASDAQ:ECHO) will announce earnings per share (EPS) of $0.28 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Echo Global Logistics’ earnings, with estimates ranging from $0.21 to $0.36. Echo Global Logistics posted earnings of $0.47 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 40.4%. The firm is expected to report its next earnings report on Wednesday, February 5th.

According to Zacks, analysts expect that Echo Global Logistics will report full year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.54. For the next year, analysts anticipate that the firm will post earnings of $1.47 per share, with EPS estimates ranging from $1.22 to $1.70. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Echo Global Logistics.

Echo Global Logistics (NASDAQ:ECHO) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $561.44 million during 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%. Echo Global Logistics’s revenue was down 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share.

ECHO has been the subject of several recent research reports. Barrington Research reissued a “buy” rating and issued a $27.00 price target on shares of Echo Global Logistics in a research report on Monday, October 28th. BidaskClub downgraded Echo Global Logistics from a “hold” rating to a “sell” rating in a report on Saturday, November 23rd. JPMorgan Chase & Co. lowered Echo Global Logistics from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $22.00 to $26.00 in a research note on Friday, October 4th. Cowen dropped their target price on Echo Global Logistics from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Zacks Investment Research upgraded Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $25.60.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Echo Global Logistics by 0.7% during the second quarter. BlackRock Inc. now owns 4,332,605 shares of the transportation company’s stock worth $90,421,000 after purchasing an additional 30,187 shares during the last quarter. North Star Asset Management Inc. lifted its position in Echo Global Logistics by 0.6% during the 3rd quarter. North Star Asset Management Inc. now owns 475,831 shares of the transportation company’s stock worth $10,778,000 after buying an additional 2,635 shares in the last quarter. Charles Schwab Investment Management Inc. grew 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 worth $9,849,000 after acquiring an additional 72,577 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in Echo Global Logistics by 3.1% during the 2nd quarter. Stephens Investment Management Group LLC now owns 471,323 shares of the transportation company’s stock worth $9,837,000 after acquiring an additional 14,292 shares during the last quarter. Finally, AMI Asset Management Corp increased its position in Echo Global Logistics by 21.5% in the 2nd quarter. AMI Asset Management Corp now owns 456,510 shares of the transportation company’s stock valued at $9,527,000 after acquiring an additional 80,747 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Shares of Echo Global Logistics stock traded up $0.05 during trading on Friday, hitting $19.26. 5,450 shares of the company’s stock traded hands, compared to its average volume of 167,285. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.39 and a quick ratio of 1.39. The firm’s fifty day moving average price is $21.16 and its 200 day moving average price is $20.80. Echo Global Logistics has a twelve month low of $18.00 and a twelve month high of $25.95. The company has a market cap of $546.72 million, a PE ratio of 11.86, a PEG ratio of 0.97 and a beta of 1.89.

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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Earnings History and Estimates for Echo Global Logistics (NASDAQ:ECHO)

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