$0.11 EPS Expected for Echo Global Logistics, Inc. (NASDAQ:ECHO) This Quarter

Wall Street brokerages expect Echo Global Logistics, Inc. (NASDAQ:ECHO) to announce $0.11 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Echo Global Logistics’ earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.15. Echo Global Logistics reported earnings of $0.42 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 73.8%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, July 22nd.

On average, analysts expect that Echo Global Logistics will report full-year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.70 to $0.92. For the next financial year, analysts forecast that the firm will report earnings of $1.22 per share, with EPS estimates ranging from $1.01 to $1.35. 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 issued its earnings results on Wednesday, April 22nd. The transportation company reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. Echo Global Logistics had a net margin of 0.38% and a return on equity of 6.57%. The company had revenue of $551.00 million for the quarter, compared to the consensus estimate of $550.89 million. During the same quarter in the previous year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year.

ECHO has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Echo Global Logistics from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. UBS Group upped their price target on shares of Echo Global Logistics from $17.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, June 5th. SunTrust Banks reduced their price target on shares of Echo Global Logistics from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Barrington Research reduced their price target on shares of Echo Global Logistics from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, Stifel Nicolaus upped their price target on shares of Echo Global Logistics from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $22.08.

Hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of Echo Global Logistics in the 4th quarter valued at about $35,000. Cutler Group LP bought a new stake in shares of Echo Global Logistics in the 1st quarter valued at about $35,000. Sowell Financial Services LLC bought a new stake in shares of Echo Global Logistics in the 1st quarter valued at about $52,000. First Trust Advisors LP bought a new stake in Echo Global Logistics during the 1st quarter worth approximately $208,000. Finally, SG Americas Securities LLC increased its stake in Echo Global Logistics by 64.9% during the 1st quarter. SG Americas Securities LLC now owns 9,446 shares of the transportation company’s stock worth $161,000 after purchasing an additional 3,716 shares in the last quarter. 97.57% of the stock is owned by institutional investors.

NASDAQ ECHO traded up $0.52 on Tuesday, hitting $22.57. 2,485 shares of the company were exchanged, compared to its average volume of 203,295. The firm has a 50 day moving average of $21.36 and a two-hundred day moving average of $19.42. The company has a market cap of $594.31 million, a P/E ratio of 72.97, a P/E/G ratio of 2.85 and a beta of 1.39. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. Echo Global Logistics has a 1-year low of $14.17 and a 1-year high of $24.50.

Echo Global Logistics Company Profile

Echo Global Logistics, Inc provides technology-enabled transportation and supply chain management solutions in the United States. It utilizes a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs.

Read More: Conference Calls

Get a free copy of the Zacks research report on Echo Global Logistics (ECHO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Echo Global Logistics (NASDAQ:ECHO)

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.