Wall Street analysts expect Echo Global Logistics, Inc. (NASDAQ:ECHO) to report $479.87 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Echo Global Logistics’ earnings. The lowest sales estimate is $475.53 million and the highest is $482.88 million. Echo Global Logistics posted sales of $406.85 million in the same quarter last year, which would indicate a positive year over year growth rate of 17.9%. The firm is expected to report its next earnings results after the market closes on Wednesday, February 7th.

According to Zacks, analysts expect that Echo Global Logistics will report full year sales of $479.87 million for the current year, with estimates ranging from $1.87 billion to $1.89 billion. For the next year, analysts forecast that the firm will report sales of $2.10 billion per share, with estimates ranging from $2.07 billion to $2.18 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Echo Global Logistics.

Echo Global Logistics (NASDAQ:ECHO) last posted its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.09. Echo Global Logistics had a return on equity of 2.78% and a net margin of 0.47%. The business had revenue of $509.50 million for the quarter, compared to analysts’ expectations of $473.44 million. During the same quarter last year, the firm earned $0.25 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis.

Several research firms have recently issued reports on ECHO. Stephens restated a “buy” rating and set a $34.00 price objective on shares of Echo Global Logistics in a report on Wednesday. Zacks Investment Research cut Echo Global Logistics from a “buy” rating to a “hold” rating in a report on Thursday. Morgan Stanley raised their price objective on Echo Global Logistics from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Cowen restated a “buy” rating and set a $19.00 price objective on shares of Echo Global Logistics in a report on Wednesday, October 4th. Finally, ValuEngine upgraded Echo Global Logistics from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. Echo Global Logistics has a consensus rating of “Hold” and a consensus target price of $24.90.

In related news, Director Samuel K. Skinner sold 120,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $572,374.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kyle Sauers sold 20,000 shares of the stock in a transaction on 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 directly owns 65,919 shares in the company, valued at $1,576,782.48. The disclosure for this sale can be found here. Insiders sold a total of 253,660 shares of company stock worth $6,035,871 over the last ninety days. Corporate insiders own 8.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ECHO. Granahan Investment Management Inc. MA raised its position in Echo Global Logistics by 1,669.3% in the third quarter. Granahan Investment Management Inc. MA now owns 840,893 shares of the transportation company’s stock valued at $15,851,000 after purchasing an additional 793,366 shares during the period. Janus Henderson Group PLC purchased a new position in Echo Global Logistics in the second quarter valued at about $14,062,000. Kornitzer Capital Management Inc. KS purchased a new position in Echo Global Logistics in the third quarter valued at about $5,942,000. Dimensional Fund Advisors LP raised its position 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 period. Finally, Franklin Resources Inc. raised its position 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 period. 94.92% of the stock is currently owned by institutional investors.

Echo Global Logistics (ECHO) traded up $0.65 during mid-day trading on Friday, hitting $28.90. The stock had a trading volume of 329,500 shares, compared to its average volume of 277,475. Echo Global Logistics has a 1-year low of $13.00 and a 1-year high of $29.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $807.93, a PE ratio of -222.31, a price-to-earnings-growth ratio of 2.08 and a beta of 1.55.

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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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