Brokerages forecast that Echo Global Logistics, Inc. (NASDAQ:ECHO) will post sales of $525.32 million for the current quarter, Zacks reports. Two analysts have issued estimates for Echo Global Logistics’ earnings, with estimates ranging from $518.94 million to $531.70 million. Echo Global Logistics reported sales of $415.75 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 26.4%. The business is scheduled to report its next quarterly earnings results on Wednesday, April 25th.

According to Zacks, analysts expect that Echo Global Logistics will report full-year sales of $525.32 million for the current year, with estimates ranging from $2.20 billion to $2.26 billion. For the next financial year, analysts expect that the company will report sales of $2.46 billion per share, with estimates ranging from $2.41 billion to $2.51 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Echo Global Logistics.

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Echo Global Logistics (NASDAQ:ECHO) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.14. The business had revenue of $547.70 million for the quarter, compared to analysts’ expectations of $484.47 million. Echo Global Logistics had a return on equity of 5.22% and a net margin of 0.65%. The firm’s quarterly revenue was up 34.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS.

ECHO has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 price objective (up from $25.00) on shares of Echo Global Logistics in a research report on Friday, December 8th. BidaskClub raised Echo Global Logistics from a “hold” rating to a “buy” rating in a research report on Friday, March 16th. Morgan Stanley cut Echo Global Logistics from an “equal weight” rating to an “underweight” rating and set a $15.00 price objective on the stock. in a research report on Friday, February 23rd. Zacks Investment Research cut Echo Global Logistics from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Barrington Research upped their price objective on Echo Global Logistics from $26.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Echo Global Logistics presently has a consensus rating of “Buy” and an average target price of $30.40.

Echo Global Logistics (NASDAQ:ECHO) traded down $0.28 during mid-day trading on Tuesday, reaching $28.02. The company had a trading volume of 143,181 shares, compared to its average volume of 400,615. The company has a market cap of $786.09, a PE ratio of 61.52, a PEG ratio of 1.81 and a beta of 1.58. Echo Global Logistics has a fifty-two week low of $13.00 and a fifty-two week high of $32.95. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.49.

In other Echo Global Logistics news, COO David B. Menzel sold 50,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $28.64, for a total transaction of $1,432,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew Wagner Ferguson sold 10,389 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $29.18, for a total transaction of $303,151.02. Following the sale, the director now owns 17,983 shares of the company’s stock, valued at $524,743.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,389 shares of company stock valued at $2,435,901. Company insiders own 8.10% of the company’s stock.

Large investors have recently bought and sold shares of the company. We Are One Seven LLC purchased a new stake in shares of Echo Global Logistics in the 4th quarter worth $171,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Echo Global Logistics in the 4th quarter worth $222,000. First Republic Investment Management Inc. purchased a new stake in shares of Echo Global Logistics in the 4th quarter worth $238,000. Teacher Retirement System of Texas purchased a new stake in shares of Echo Global Logistics in the 4th quarter worth $245,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of Echo Global Logistics in the 4th quarter worth $266,000. Hedge funds and other institutional investors own 99.04% of the company’s stock.

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Echo Global Logistics Company Profile

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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