Wall Street analysts forecast that Echo Global Logistics, Inc. (NASDAQ:ECHO) will report earnings per share of $0.45 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Echo Global Logistics’ earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.40. Echo Global Logistics reported earnings per share of $0.46 in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.2%. The business is scheduled to report its next earnings report on Wednesday, July 24th.
On average, analysts expect that Echo Global Logistics will report full-year earnings of $1.84 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.96. For the next fiscal year, analysts expect that the company will report earnings of $1.98 per share, with EPS estimates ranging from $1.90 to $2.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Echo Global Logistics.
Echo Global Logistics (NASDAQ:ECHO) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $538.10 million for the quarter, compared to analysts’ expectations of $549.32 million. Echo Global Logistics had a net margin of 1.15% and a return on equity of 11.64%. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share.
Several equities analysts have recently issued reports on the stock. Cowen restated a “buy” rating and set a $33.00 price objective on shares of Echo Global Logistics in a report on Thursday, April 25th. TheStreet raised shares of Echo Global Logistics from a “c+” rating to a “b” rating in a report on Thursday, April 4th. Zacks Investment Research lowered shares of Echo Global Logistics from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Susquehanna Bancshares lowered shares of Echo Global Logistics from a “positive” rating to a “neutral” rating in a report on Wednesday, April 10th. Finally, BidaskClub raised shares of Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $29.71.
Shares of ECHO traded down $0.29 during mid-day trading on Tuesday, hitting $23.28. 8,789 shares of the company traded hands, compared to its average volume of 329,432. Echo Global Logistics has a 1-year low of $18.83 and a 1-year high of $36.75. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.46. The company has a market cap of $661.16 million, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 0.85 and a beta of 1.98.
Several institutional investors and hedge funds have recently bought and sold shares of ECHO. Quantamental Technologies LLC bought a new position in Echo Global Logistics in the fourth quarter valued at approximately $41,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Echo Global Logistics by 46.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,626 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 828 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Echo Global Logistics in the fourth quarter valued at approximately $93,000. NumerixS Investment Technologies Inc increased its stake in Echo Global Logistics by 148.4% in the fourth quarter. NumerixS Investment Technologies Inc now owns 4,720 shares of the transportation company’s stock valued at $95,000 after acquiring an additional 2,820 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Echo Global Logistics by 1,316.8% in the first quarter. BNP Paribas Arbitrage SA now owns 5,823 shares of the transportation company’s stock valued at $144,000 after acquiring an additional 5,412 shares during the last quarter. Hedge funds and other institutional investors own 98.97% of the company’s stock.
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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