Equities analysts forecast that Echo Global Logistics, Inc. (NASDAQ:ECHO) will announce $0.43 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Echo Global Logistics’ earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.51. Echo Global Logistics posted earnings of $0.27 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 59.3%. The business is scheduled to report its next quarterly earnings results on Wednesday, October 24th.

On average, analysts expect that Echo Global Logistics will report full year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.39 to $1.77. For the next fiscal year, analysts forecast that the business will report earnings of $1.85 per share, with EPS estimates ranging from $1.47 to $2.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Echo Global Logistics.

Echo Global Logistics (NASDAQ:ECHO) last announced its quarterly earnings results on Wednesday, July 25th. The transportation company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.07. The business had revenue of $635.00 million during the quarter, compared to analyst estimates of $611.26 million. Echo Global Logistics had a net margin of 1.24% and a return on equity of 9.43%. Echo Global Logistics’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS.

Several analysts have recently issued reports on the stock. ValuEngine upgraded shares of Echo Global Logistics from a “hold” rating to a “buy” rating in a research note on Monday, June 11th. Stifel Nicolaus assumed coverage on shares of Echo Global Logistics in a research note on Tuesday, June 19th. They issued a “buy” rating and a $34.00 target price for the company. Cowen upped their target price on shares of Echo Global Logistics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, July 16th. BidaskClub upgraded shares of Echo Global Logistics from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Finally, Barrington Research reiterated a “buy” rating on shares of Echo Global Logistics in a research note on Friday, June 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $34.67.

ECHO stock traded down $2.48 during midday trading on Monday, reaching $33.12. 31,483 shares of the company’s stock traded hands, compared to its average volume of 394,185. The firm has a market capitalization of $1.02 billion, a PE ratio of 50.23, a price-to-earnings-growth ratio of 1.43 and a beta of 1.57. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.57. Echo Global Logistics has a 52 week low of $17.70 and a 52 week high of $36.75.

In related news, COO David B. Menzel sold 20,000 shares of the stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $34.13, for a total transaction of $682,600.00. Following the completion of the transaction, the chief operating officer now owns 147,334 shares in the company, valued at $5,028,509.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Douglas R. Waggoner sold 5,000 shares of the stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $33.03, for a total transaction of $165,150.00. Following the transaction, the chief executive officer now owns 311,532 shares of the company’s stock, valued at approximately $10,289,901.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,000 shares of company stock valued at $2,307,090. Company insiders own 3.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Investors Inc. PA grew its position in Echo Global Logistics by 820.8% during the first quarter. Federated Investors Inc. PA now owns 4,116 shares of the transportation company’s stock valued at $114,000 after buying an additional 3,669 shares during the period. SG Americas Securities LLC bought a new position in Echo Global Logistics during the second quarter valued at about $175,000. Piedmont Investment Advisors LLC bought a new position in Echo Global Logistics during the second quarter valued at about $182,000. PNC Financial Services Group Inc. grew its position in Echo Global Logistics by 392.4% during the first quarter. PNC Financial Services Group Inc. now owns 9,440 shares of the transportation company’s stock valued at $261,000 after buying an additional 7,523 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Echo Global Logistics during the first quarter valued at about $279,000. Institutional investors own 97.99% of the company’s stock.

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.

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