Echo Global Logistics, Inc. (ECHO) Expected to Post Quarterly Sales of $553.47 Million
Equities analysts expect that Echo Global Logistics, Inc. (NASDAQ:ECHO) will report $553.47 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Echo Global Logistics’ earnings. The highest sales estimate is $566.20 million and the lowest is $547.35 million. Echo Global Logistics reported sales of $577.09 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.1%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, April 24th.
On average, analysts expect that Echo Global Logistics will report full-year sales of $2.46 billion for the current financial year, with estimates ranging from $2.43 billion to $2.53 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.59 billion, with estimates ranging from $2.51 billion to $2.62 billion. Zacks Investment Research’s sales averages 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 issued its earnings results on Wednesday, February 6th. The transportation company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.09. The firm had revenue of $583.00 million during the quarter, compared to analyst estimates of $587.32 million. Echo Global Logistics had a net margin of 1.18% and a return on equity of 12.01%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 earnings per share.
Large investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC purchased a new stake in Echo Global Logistics in the fourth quarter worth about $41,000. Oppenheimer Asset Management Inc. purchased a new stake in Echo Global Logistics in the fourth quarter worth about $93,000. NumerixS Investment Technologies Inc lifted its stake in Echo Global Logistics by 148.4% in the fourth quarter. NumerixS Investment Technologies Inc now owns 4,720 shares of the transportation company’s stock worth $95,000 after acquiring an additional 2,820 shares during the period. First Trust Advisors LP purchased a new stake in Echo Global Logistics in the third quarter worth about $213,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Echo Global Logistics in the fourth quarter worth about $165,000. 99.04% of the stock is owned by institutional investors.
Shares of ECHO opened at $24.74 on Tuesday. The firm has a market cap of $695.50 million, a PE ratio of 15.27, a P/E/G ratio of 0.90 and a beta of 2.05. Echo Global Logistics has a 12-month low of $18.83 and a 12-month high of $36.75. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.47.
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.
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