Analysts expect Echo Global Logistics, Inc. (NASDAQ:ECHO) to post earnings of $0.38 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Echo Global Logistics’ earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.35. Echo Global Logistics reported earnings per share of $0.33 in the same quarter last year, which indicates a positive year-over-year growth rate of 15.2%. The business is expected to report its next earnings report on Wednesday, February 6th.
According to Zacks, analysts expect that Echo Global Logistics will report full-year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.81. For the next fiscal year, analysts expect that the business will report earnings of $1.88 per share, with EPS estimates ranging from $1.68 to $2.00. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Echo Global Logistics.
Echo Global Logistics (NASDAQ:ECHO) last released its quarterly earnings results on Wednesday, October 24th. The transportation company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.09. The firm had revenue of $644.82 million for the quarter, compared to analyst estimates of $632.54 million. Echo Global Logistics had a net margin of 1.46% and a return on equity of 11.25%.
Shares of ECHO stock traded down $1.14 during trading on Monday, hitting $25.25. 371,110 shares of the stock traded hands, compared to its average volume of 461,743. The firm has a market cap of $762.50 million, a PE ratio of 38.26, a PEG ratio of 0.98 and a beta of 1.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.51 and a current ratio of 1.51. Echo Global Logistics has a 52-week low of $23.25 and a 52-week high of $36.75.
In other Echo Global Logistics news, CEO Douglas R. Waggoner sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $33.03, for a total value of $165,150.00. Following the sale, the chief executive officer now owns 311,532 shares of the company’s stock, valued at $10,289,901.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.20% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Echo Global Logistics in the second quarter valued at approximately $175,000. Piedmont Investment Advisors LLC purchased a new stake in Echo Global Logistics in the second quarter valued at approximately $182,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Echo Global Logistics in the third quarter valued at approximately $211,000. First Trust Advisors LP purchased a new stake in Echo Global Logistics in the third quarter valued at approximately $213,000. Finally, Bowling Portfolio Management LLC purchased a new stake in Echo Global Logistics in the third quarter valued at approximately $248,000. 99.40% of the stock is currently owned by institutional investors.
Echo Global Logistics Company Profile
Echo Global Logistics, Inc provides technology-enabled transportation and supply chain management solutions in the United States. It uses a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs. The company offers services in various transportation modes, such as truckload, less-than truckload, small parcel, inter-modal, domestic air, and expedited and international.
Read More: What is a stock buyback?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Echo Global Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Echo Global Logistics and related companies with MarketBeat.com's FREE daily email newsletter.