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.

A number of analysts have recently issued reports on ECHO shares. TheStreet lowered shares of Echo Global Logistics from a “b-” rating to a “c+” rating in a research note on Thursday, December 20th. Zacks Investment Research lowered shares of Echo Global Logistics from a “buy” rating to a “hold” rating in a research note on Thursday, December 27th. Credit Suisse Group lowered their target price on shares of Echo Global Logistics from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, January 15th. Morgan Stanley raised shares of Echo Global Logistics from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $22.00 to $25.00 in a research note on Tuesday, March 5th. Finally, BidaskClub raised shares of Echo Global Logistics from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Echo Global Logistics presently has an average rating of “Hold” and an average target price of $30.64.

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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