Echo Global Logistics, Inc. provides technology-enabled transportation and supply chain management solutions in the United States. It uses a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs. The company offers services in various transportation modes, such as truckload, less-than truckload, small parcel, inter-modal, domestic air, and expedited and international. Its principal transportation management and logistics services include rate negotiation; procurement of transportation; shipment execution and tracking; carrier management, selection, reporting, and compliance; executive dashboard presentations and detailed shipment reports; freight bill payment and audit; claims processing and service refund management; design and management of inbound client freight programs; individually configured Web portals and self-service data warehouses; enterprise resource planning integration with transactional shipment data; and integration of shipping applications into client e-commerce sites, as well as back-end reports customized to the internal reporting needs of the business. The company serves clients operating in various industries, such as manufacturing, construction, food and beverage, consumer products, and retail. Echo Global Logistics, Inc. was founded in 2005 and is headquartered in Chicago, Illinois.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Freight transportation arrangement
Sub-IndustryAir Freight & Logistics
SectorTransportation
Current SymbolNASDAQ:ECHO
Previous Symbol
CUSIP27875T10
Phone800-354-7993
Debt
Debt-to-Equity Ratio0.55
Current Ratio1.51
Quick Ratio1.51
Price-To-Earnings
Trailing P/E Ratio38.41
Forward P/E Ratio16.24
P/E Growth0.95
Sales & Book Value
Annual Sales$1.94 billion
Price / Sales0.37
Cash Flow$1.7933 per share
Price / Cash14.13
Book Value$12.86 per share
Price / Book1.97
Profitability
EPS (Most Recent Fiscal Year)$0.66
Net Income$12.62 million
Net Margins1.46%
Return on Equity11.25%
Return on Assets4.66%
Miscellaneous
Employees2,453
Outstanding Shares28,550,000
Market Cap$739.95 million
OptionableOptionable
Echo Global Logistics (NASDAQ:ECHO) Frequently Asked Questions
What is Echo Global Logistics' stock symbol?
Echo Global Logistics trades on the NASDAQ under the ticker symbol "ECHO."
How will Echo Global Logistics' stock buyback program work?
Echo Global Logistics announced that its Board of Directors has initiated a share repurchase program on Sunday, June 4th 2017, which authorizes the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 9.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.
How were Echo Global Logistics' earnings last quarter?
Echo Global Logistics, Inc. (NASDAQ:ECHO) released its quarterly earnings results on Wednesday, October, 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.46 by $0.09. The transportation company had revenue of $644.82 million for the quarter, compared to the consensus estimate of $632.54 million. Echo Global Logistics had a return on equity of 11.25% and a net margin of 1.46%. View Echo Global Logistics' Earnings History.
When is Echo Global Logistics' next earnings date?
What price target have analysts set for ECHO?
10 analysts have issued 1-year price objectives for Echo Global Logistics' shares. Their predictions range from $22.00 to $40.00. On average, they anticipate Echo Global Logistics' stock price to reach $33.5556 in the next twelve months. This suggests a possible upside of 32.4% from the stock's current price. View Analyst Price Targets for Echo Global Logistics.
What is the consensus analysts' recommendation for Echo Global Logistics?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Echo Global Logistics in the last year. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Echo Global Logistics.
What are Wall Street analysts saying about Echo Global Logistics stock?
Here are some recent quotes from research analysts about Echo Global Logistics stock:
- 1. According to Zacks Investment Research, "Echo Global Logistics is a leading provider of technology enabled transportation and supply chain management services, delivered on a proprietary technology platform, serving the transportation and logistics needs of its clients. The company's web-based technology platform compiles and analyzes data from its network of over 22,000 transportation providers to serve its clients' shipping and freight management needs. Echo procures transportation and provides logistics services for more than 11,600 clients across a wide range of industries, such as manufacturing, construction, consumer products and retail. Echo Global Logistics, Inc. is headquartered in Chicago, Illinois. " (11/1/2018)
- 2. Barrington Research analysts commented, "We forecast gross revenue of $630.5 million (+23.7% YOY). Guidance is $610-650 million (up 20-28% FactSet consensus is $634.8 million. We believe that Q3/18 growth continued to benefit from relatively favorable market conditions, including solid freight demand and constrained trucking capacity (supported by ongoing driver shortages in a tight labor market). Gross revenue growth in Q3/18 likely continued to benefit from higher truckload rates resulting from these market conditions. The average of weekly van rates published by DAT Trendlines in Q3/18 increased 20% versus last year’s third quarter average. However, the magnitude of year-over-year increases moderated throughout the quarter as year-over-year comparisons became more difficult and as rates came down from record highs reached in July." (10/24/2018)
Has Echo Global Logistics been receiving favorable news coverage?
Media stories about ECHO stock have trended somewhat positive on Monday, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Echo Global Logistics earned a daily sentiment score of 0.9 on InfoTrie's scale. They also assigned headlines about the transportation company a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future.
Who are some of Echo Global Logistics' key competitors?
Who are Echo Global Logistics' key executives?
Echo Global Logistics' management team includes the folowing people:
- Mr. Douglas R. Waggoner, Chairman & CEO (Age 59)
- Mr. David B. Menzel, Pres & COO (Age 56)
- Mr. Kyle L. Sauers, CFO & Sec. (Age 46)
- Mr. Christopher N. Clemmensen, Sr. VP of Marketing
- Mr. Sean Burke, Chief Commercial Officer
Who are Echo Global Logistics' major shareholders?
Echo Global Logistics' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.97%), Dimensional Fund Advisors LP (8.30%), Standard Life Aberdeen plc (4.86%), Teachers Advisors LLC (2.58%), Rice Hall James & Associates LLC (2.39%) and North Star Asset Management Inc. (1.55%). Company insiders that own Echo Global Logistics stock include David B Menzel, Douglas R Waggoner, Kyle Sauers, Matthew Wagner Ferguson, Peter Rogers and Samuel K Skinner. View Institutional Ownership Trends for Echo Global Logistics.
Which major investors are selling Echo Global Logistics stock?
ECHO stock was sold by a variety of institutional investors in the last quarter, including Hsbc Holdings PLC, TIAA CREF Investment Management LLC, United Services Automobile Association, AMI Asset Management Corp, Renaissance Technologies LLC, Rice Hall James & Associates LLC, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and Taylor Frigon Capital Management LLC. Company insiders that have sold Echo Global Logistics company stock in the last year include David B Menzel, Douglas R Waggoner, Kyle Sauers, Matthew Wagner Ferguson and Peter Rogers. View Insider Buying and Selling for Echo Global Logistics.
Which major investors are buying Echo Global Logistics stock?
ECHO stock was acquired by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, BlackRock Inc., Robeco Institutional Asset Management B.V., Chicago Equity Partners LLC, Summit Creek Advisors LLC, SG Americas Securities LLC, EAM Global Investors LLC and Mutual of America Capital Management LLC. View Insider Buying and Selling for Echo Global Logistics.
How do I buy shares of Echo Global Logistics?
Shares of ECHO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Echo Global Logistics' stock price today?
One share of ECHO stock can currently be purchased for approximately $25.34.
How big of a company is Echo Global Logistics?
Echo Global Logistics has a market capitalization of $739.95 million and generates $1.94 billion in revenue each year. The transportation company earns $12.62 million in net income (profit) each year or $0.66 on an earnings per share basis. Echo Global Logistics employs 2,453 workers across the globe.
What is Echo Global Logistics' official website?
How can I contact Echo Global Logistics?
Echo Global Logistics' mailing address is 600 WEST CHICAGO AVENUE SUITE 725, CHICAGO IL, 60654. The transportation company can be reached via phone at 800-354-7993 or via email at [email protected]
MarketBeat Community Rating for Echo Global Logistics (NASDAQ ECHO)
MarketBeat's community ratings are surveys of what our community members think about Echo Global Logistics and other stocks. Vote "Outperform" if you believe ECHO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ECHO will underperform the S&P 500 over the long term. You may vote once every thirty days.
