Wall Street analysts expect Echo Global Logistics, Inc. (NASDAQ:ECHO) to report $479.91 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Echo Global Logistics’ earnings. The highest sales estimate is $482.88 million and the lowest is $475.53 million. Echo Global Logistics reported sales of $406.85 million in the same quarter last year, which indicates a positive year over year growth rate of 18%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Echo Global Logistics will report full year sales of $479.91 million for the current fiscal year, with estimates ranging from $1.87 billion to $1.88 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.08 billion per share, with estimates ranging from $2.00 billion to $2.18 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Echo Global Logistics.

Echo Global Logistics (NASDAQ:ECHO) last posted its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. Echo Global Logistics had a negative net margin of 0.20% and a positive return on equity of 3.29%. The company had revenue of $509.50 million during the quarter, compared to analysts’ expectations of $473.44 million. During the same quarter in the previous year, the business posted $0.25 EPS. The firm’s revenue was up 10.7% on a year-over-year basis.

Several research firms have commented on ECHO. Stifel Nicolaus reiterated a “buy” rating and set a $31.00 price target (up previously from $25.00) on shares of Echo Global Logistics in a report on Friday. Morgan Stanley boosted their price target on shares of Echo Global Logistics from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Echo Global Logistics from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Cowen restated a “buy” rating and set a $19.00 price objective on shares of Echo Global Logistics in a research report on Wednesday, October 4th. Finally, ValuEngine upgraded shares of Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $24.50.

Echo Global Logistics (ECHO) traded up $0.25 during midday trading on Friday, reaching $27.45. 289,994 shares of the company’s stock traded hands, compared to its average volume of 592,042. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.61. Echo Global Logistics has a 12 month low of $13.00 and a 12 month high of $28.90. The firm has a market cap of $766.06, a PE ratio of 66.34, a PEG ratio of 3.16 and a beta of 1.55.

In related news, COO David B. Menzel sold 57,500 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $23.91, for a total value of $1,374,825.00. Following the completion of the sale, the chief operating officer now owns 187,822 shares in the company, valued at approximately $4,490,824.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Samuel K. Skinner sold 120,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $23.51, for a total transaction of $2,821,200.00. Following the completion of the sale, the director now owns 24,346 shares of the company’s stock, valued at approximately $572,374.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 253,660 shares of company stock valued at $6,035,871. 8.10% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Echo Global Logistics by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 1,426,941 shares of the transportation company’s stock worth $30,465,000 after buying an additional 110,145 shares during the last quarter. Geode Capital Management LLC raised its position in Echo Global Logistics by 11.1% during the 1st quarter. Geode Capital Management LLC now owns 229,608 shares of the transportation company’s stock worth $4,902,000 after buying an additional 22,911 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Echo Global Logistics by 7.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 163,155 shares of the transportation company’s stock worth $3,484,000 after buying an additional 10,726 shares during the last quarter. State Street Corp raised its position in Echo Global Logistics by 1.2% during the 1st quarter. State Street Corp now owns 727,918 shares of the transportation company’s stock worth $15,540,000 after buying an additional 8,351 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Echo Global Logistics by 77.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,371 shares of the transportation company’s stock worth $106,000 after buying an additional 2,341 shares during the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

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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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