Equities research analysts expect that Echo Global Logistics, Inc. (NASDAQ:ECHO) will post sales of $471.49 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Echo Global Logistics’ earnings, with the highest sales estimate coming in at $475.00 million and the lowest estimate coming in at $466.27 million. Echo Global Logistics posted sales of $460.20 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, October 25th.

On average, analysts expect that Echo Global Logistics will report full-year sales of $471.49 million for the current financial year, with estimates ranging from $1.79 billion to $1.80 billion. For the next financial year, analysts forecast that the business will post sales of $1.95 billion per share, with estimates ranging from $1.90 billion to $2.07 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Echo Global Logistics.

Echo Global Logistics (NASDAQ:ECHO) last released its quarterly earnings data 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. Echo Global Logistics had a negative net margin of 0.21% and a positive return on equity of 3.22%. The firm had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $470.25 million. During the same quarter in the previous year, the firm posted $0.33 EPS. Echo Global Logistics’s revenue was up 5.9% compared to the same quarter last year.

ECHO has been the topic of several recent analyst reports. Stifel Nicolaus reissued a “buy” rating on shares of Echo Global Logistics in a research note on Wednesday, July 19th. Cowen and Company reissued a “buy” rating and issued a $19.00 target price on shares of Echo Global Logistics in a research note on Friday. Morgan Stanley downgraded shares of Echo Global Logistics from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $26.00 to $14.00 in a research note on Monday, August 7th. ValuEngine raised shares of Echo Global Logistics from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research raised shares of Echo Global Logistics from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.57.

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Echo Global Logistics (NASDAQ ECHO) traded down 1.64% during trading on Tuesday, hitting $15.00. 160,728 shares of the company’s stock were exchanged. Echo Global Logistics has a 52-week low of $13.00 and a 52-week high of $28.90. The firm has a 50 day moving average price of $15.34 and a 200 day moving average price of $18.92. The company’s market cap is $428.01 million.

A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Echo Global Logistics by 20.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,807,045 shares of the transportation company’s stock worth $35,960,000 after buying an additional 309,610 shares during the period. Vanguard Group Inc. increased its stake in Echo Global Logistics by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,472,288 shares of the transportation company’s stock worth $29,299,000 after buying an additional 45,347 shares during the period. Franklin Resources Inc. increased its stake in Echo Global Logistics by 25.1% in the 2nd quarter. Franklin Resources Inc. now owns 1,393,246 shares of the transportation company’s stock worth $27,726,000 after buying an additional 279,142 shares during the period. Loomis Sayles & Co. L P increased its stake in Echo Global Logistics by 53.0% in the 1st quarter. Loomis Sayles & Co. L P now owns 786,219 shares of the transportation company’s stock worth $16,786,000 after buying an additional 272,321 shares during the period. Finally, Rice Hall James & Associates LLC increased its stake in Echo Global Logistics by 25.3% in the 2nd quarter. Rice Hall James & Associates LLC now owns 776,218 shares of the transportation company’s stock worth $15,447,000 after buying an additional 156,516 shares during the period. 87.50% of the stock is currently owned by institutional investors.

Echo Global Logistics Company Profile

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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