Echo Global Logistics (ECHO) Earning Somewhat Positive Press Coverage, Study Finds
Media coverage about Echo Global Logistics (NASDAQ:ECHO) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Echo Global Logistics earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 46.4444929504091 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Echo Global Logistics, Inc. (ECHO) Director Samuel K. Skinner Sells 120,000 Shares (americanbankingnews.com)
- Echo Global Logistics Named “Green Supply Chain Partner” by Inbound Logistics (finance.yahoo.com)
- Echo Global Logistics, Inc. (ECHO) COO Sells $1,374,825.00 in Stock (americanbankingnews.com)
- Echo Global Logistics, Inc. (ECHO) CFO Kyle Sauers Sells 20,000 Shares (americanbankingnews.com)
- Zacks Investment Research Upgrades Echo Global Logistics, Inc. (ECHO) to “Hold” (americanbankingnews.com)
Echo Global Logistics (NASDAQ:ECHO) traded down $0.60 during midday trading on Friday, reaching $23.20. The company’s stock had a trading volume of 471,935 shares, compared to its average volume of 592,923. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $647.47, a P/E ratio of 56.59, a price-to-earnings-growth ratio of 2.69 and a beta of 1.51.
Echo Global Logistics (NASDAQ:ECHO) last posted its earnings results on Wednesday, October 25th. The transportation company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.09. Echo Global Logistics had a positive return on equity of 3.29% and a negative net margin of 0.20%. The company had revenue of $509.50 million for the quarter, compared to analyst estimates of $473.44 million. During the same period last year, the company earned $0.25 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year. equities analysts anticipate that Echo Global Logistics will post 0.49 earnings per share for the current year.
Several brokerages recently issued reports on ECHO. Zacks Investment Research raised Echo Global Logistics from a “sell” rating to a “hold” rating and set a $27.00 price target on the stock in a report on Wednesday. Stifel Nicolaus lifted their price target on Echo Global Logistics from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. UBS AG raised their price objective on Echo Global Logistics from $13.00 to $19.00 and gave the stock a “sell” rating in a research note on Thursday, October 26th. Barrington Research reissued an “outperform” rating and set a $26.00 price objective (up from $18.00) on shares of Echo Global Logistics in a research note on Monday, October 30th. Finally, ValuEngine raised Echo Global Logistics from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Echo Global Logistics currently has an average rating of “Hold” and an average price target of $23.90.
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In other news, Director Samuel K. Skinner sold 120,000 shares of Echo Global Logistics stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $23.51, for a total value of $2,821,200.00. Following the transaction, the director now directly owns 24,346 shares in the company, valued at $572,374.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kyle Sauers sold 20,000 shares of Echo Global Logistics stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $23.92, for a total value of $478,400.00. Following the completion of the transaction, the chief financial officer now owns 65,919 shares in the company, valued at $1,576,782.48. The disclosure for this sale can be found here. Insiders sold 197,500 shares of company stock worth $4,674,425 over the last quarter. 8.10% of the stock is currently owned by corporate insiders.
About Echo Global Logistics
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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