Wall Street analysts expect Echo Global Logistics, Inc. (NASDAQ:ECHO) to report earnings of $0.20 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Echo Global Logistics’ earnings, with estimates ranging from $0.17 to $0.25. Echo Global Logistics reported earnings per share of $0.25 in the same quarter last year, which suggests a negative year over year growth rate of 20%. The company is expected to announce its next quarterly earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that Echo Global Logistics will report full year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.65. For the next fiscal year, analysts anticipate that the business will post earnings of $0.82 per share, with EPS estimates ranging from $0.68 to $1.05. Zacks’ EPS averages are an average based on a survey of research analysts that cover Echo Global Logistics.

Echo Global Logistics (NASDAQ:ECHO) last released its earnings results on Thursday, July 27th. The transportation company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The firm had revenue of $470.10 million for the quarter, compared to analyst estimates of $470.25 million. Echo Global Logistics had a positive return on equity of 3.22% and a negative net margin of 0.21%. Echo Global Logistics’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 earnings per share.

ECHO has been the subject of a number of recent research reports. Stifel Nicolaus restated a “buy” rating on shares of Echo Global Logistics in a research report on Wednesday, July 19th. Cowen and Company restated a “buy” rating and set a $19.00 target price on shares of Echo Global Logistics in a research report on Friday, September 1st. Morgan Stanley downgraded Echo Global Logistics from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $26.00 to $14.00 in a research report on Monday, August 7th. ValuEngine upgraded Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research upgraded Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $19.38.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECHO. Janus Henderson Group PLC bought a new stake in Echo Global Logistics in the second quarter valued at about $14,062,000. ShearLink Capital LLC bought a new stake in Echo Global Logistics in the first quarter valued at about $7,727,000. Dimensional Fund Advisors LP increased its holdings in Echo Global Logistics by 20.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,807,045 shares of the transportation company’s stock valued at $35,960,000 after purchasing an additional 309,610 shares during the last quarter. Franklin Resources Inc. increased its holdings in Echo Global Logistics by 25.1% in the second quarter. Franklin Resources Inc. now owns 1,393,246 shares of the transportation company’s stock valued at $27,726,000 after purchasing an additional 279,142 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in Echo Global Logistics by 53.0% in the first quarter. Loomis Sayles & Co. L P now owns 786,219 shares of the transportation company’s stock valued at $16,786,000 after purchasing an additional 272,321 shares during the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

Echo Global Logistics (NASDAQ ECHO) traded down 0.84% on Thursday, reaching $17.80. The company had a trading volume of 374,190 shares. Echo Global Logistics has a 12 month low of $13.00 and a 12 month high of $28.90. The company’s 50 day moving average price is $14.78 and its 200-day moving average price is $18.34. The company’s market capitalization is $507.91 million.

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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