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About Echo Global Logistics (NASDAQ:ECHO)
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
Industry Freight transportation arrangement
Sub-IndustryAir Freight & Logistics
SectorTransportation
SymbolNASDAQ:ECHO
CUSIP27875T10
Phone800-354-7993
Debt
Debt-to-Equity Ratio0.58
Current Ratio1.48
Quick Ratio1.48
Price-To-Earnings
Trailing P/E Ratio41.97
Forward P/E Ratio24.13
P/E Growth1.37
Sales & Book Value
Annual Sales$1.94 billion
Price / Sales0.41
Cash Flow$1.8414 per share
Price / Cash15.07
Book Value$12.90 per share
Price / Book2.15
Profitability
EPS (Most Recent Fiscal Year)$0.66
Net Income$12.62 million
Net Margins0.96%
Return on Equity7.50%
Return on Assets3.16%
Miscellaneous
Employees2,453
Outstanding Shares28,370,000
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 authorized a stock buyback plan on Sunday, June 4th 2017, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.
How were Echo Global Logistics' earnings last quarter?
Echo Global Logistics (NASDAQ:ECHO) announced its quarterly earnings results on Wednesday, April, 25th. The transportation company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.10. The transportation company had revenue of $577.10 million for the quarter, compared to analyst estimates of $538.90 million. Echo Global Logistics had a net margin of 0.96% and a return on equity of 7.50%. The business's revenue was up 38.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 earnings per share. View Echo Global Logistics' Earnings History.
When is Echo Global Logistics' next earnings date?
What price target have analysts set for ECHO?
10 brokerages have issued 1-year price targets for Echo Global Logistics' stock. Their predictions range from $21.00 to $40.00. On average, they anticipate Echo Global Logistics' share price to reach $32.3333 in the next year. 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. " (4/30/2018)
- 2. Barrington Research analysts commented, "We are increasing our 2018 gross revenue estimate to $2.348 billion (from $2.199 billion) and raising our 2019 estimate to $2.53 billion (from $2.407 billion). Our 2018 adjusted EPS is now $1.40, up from $1.16 previously, while our 2019 estimate increases to $1.51 from $1.31. Our 2019 forecast assumes that top-line growth approximates increases in volume and does not factor in a meaningful benefit or headwind from rates." (4/26/2018)
- 3. UBS analysts commented, "Better execution in the market appears necessary but it is unclear whether the catalyst is people, new technology or perhaps entering a period of less intense competition," Wadewitz added.Finally, Echo's stock is trading at a P/E multiple of around 33x on the analyst's one year forward EPS estimate. And multiple may be unjustified amid a "more muted revenue growth outlook" and only expectations for a "modest" (7/28/2017)
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 & Chief Exec. Officer (Age 59)
- Mr. David B. Menzel, Pres & COO (Age 56)
- Mr. Kyle L. Sauers, CFO & Sec. (Age 46)
- Mr. Timothy D. Kutz, Chief Information Officer
- Mr. Christopher N. Clemmensen, Sr. VP of Marketing
Has Echo Global Logistics been receiving favorable news coverage?
Headlines about ECHO stock have been trending somewhat positive on Friday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Echo Global Logistics earned a coverage optimism score of 0.18 on Accern's scale. They also assigned news coverage about the transportation company an impact score of 44.78 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Echo Global Logistics' major shareholders?
Echo Global Logistics' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.63%), Dimensional Fund Advisors LP (8.18%), Franklin Resources Inc. (3.68%), Summit Trail Advisors LLC (2.54%), Scopus Asset Management L.P. (2.20%) and Stephens Investment Management Group LLC (2.09%). 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 institutional investors are selling Echo Global Logistics stock?
ECHO stock was sold by a variety of institutional investors in the last quarter, including Scopus Asset Management L.P., Franklin Resources Inc., Next Century Growth Investors LLC, Tiverton Asset Management LLC, Penn Capital Management Co. Inc., Investment Management of Virginia LLC, New York State Common Retirement Fund and Stephens Investment Management Group 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, Peter Rogers and Samuel K Skinner. View Insider Buying and Selling for Echo Global Logistics.
Which institutional investors are buying Echo Global Logistics stock?
ECHO stock was bought by a variety of institutional investors in the last quarter, including Summit Trail Advisors LLC, Millennium Management LLC, Robeco Institutional Asset Management B.V., Seizert Capital Partners LLC, Hood River Capital Management LLC, Piermont Capital Management Inc., Spark Investment Management LLC and Algert Global 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 $27.75.
How big of a company is Echo Global Logistics?
Echo Global Logistics has a market capitalization of $784.45 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.
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 (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.
Echo Global Logistics (NASDAQ:ECHO) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
10 Wall Street analysts have issued ratings and price targets for Echo Global Logistics in the last 12 months. Their average twelve-month price target is $32.3333, suggesting that the stock has a possible upside of 16.52%. The high price target for ECHO is $40.00 and the low price target for ECHO is $21.00. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Buy |
| Consensus Rating Score: | 2.40 | 2.40 | 2.45 | 2.50 |
| Ratings Breakdown: | 1 Sell Rating(s)
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $32.3333 | $30.2222 | $30.2222 | $23.5556 |
| Price Target Upside: | 16.52% upside | 10.50% upside | 10.50% upside | 1.23% downside |
Echo Global Logistics (NASDAQ:ECHO) Consensus Price Target History
Echo Global Logistics (NASDAQ:ECHO) Analyst Ratings History
Show:
(Data available from 5/25/2016 forward)
Echo Global Logistics (NASDAQ:ECHO) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Echo Global Logistics (NASDAQ ECHO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.20%
Institutional Ownership Percentage: 96.35%
Echo Global Logistics (NASDAQ ECHO) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/11/2018 | Kyle Sauers | CFO | Sell | 10,000 | $28.16 | $281,600.00 | 70,287 |  |
| 5/10/2018 | David B Menzel | COO | Sell | 50,000 | $27.92 | $1,396,000.00 | 217,334 | |
| 4/26/2018 | Douglas R Waggoner | CEO | Sell | 200 | $30.03 | $6,006.00 | 306,732 | |
| 4/23/2018 | Douglas R Waggoner | CEO | Sell | 25,000 | $29.47 | $736,750.00 | 331,532 | |
| 4/16/2018 | Douglas R Waggoner | CEO | Sell | 30,000 | $30.11 | $903,300.00 | 336,532 | |
| 3/23/2018 | Douglas R Waggoner | CEO | Sell | 25,000 | $28.12 | $703,000.00 | 328,600 | |
| 3/21/2018 | Douglas R Waggoner | CEO | Sell | 25,000 | $28.03 | $700,750.00 | 310,402 | |
| 2/15/2018 | David B Menzel | COO | Sell | 50,000 | $28.64 | $1,432,000.00 | | |
| 2/13/2018 | Matthew Wagner Ferguson | Director | Sell | 10,389 | $29.18 | $303,151.02 | 17,983 | |
| 11/20/2017 | David B Menzel | COO | Sell | 30,000 | $24.55 | $736,500.00 | 180,322 | |
| 11/7/2017 | Douglas R Waggoner | CEO | Sell | 25,160 | $23.91 | $601,575.60 | | |
| 11/3/2017 | Peter Rogers | Insider | Sell | 1,000 | $23.37 | $23,370.00 | 13,196 | |
| 11/2/2017 | Samuel K Skinner | Director | Sell | 120,000 | $23.51 | $2,821,200.00 | 24,346 | |
| 11/1/2017 | David B Menzel | COO | Sell | 57,500 | $23.91 | $1,374,825.00 | 187,822 | |
| 10/31/2017 | Kyle Sauers | CFO | Sell | 20,000 | $23.92 | $478,400.00 | 65,919 | |
| 6/5/2017 | David B Menzel | COO | Sell | 10,000 | $19.48 | $194,800.00 | 163,141 | |
| 10/19/2016 | Douglas R Waggoner | CEO | Sell | 34,822 | $22.23 | $774,093.06 | 267,627 | |
| 9/1/2016 | Douglas R Waggoner | CEO | Sell | 34,723 | $26.01 | $903,145.23 | 241,863 | |
| 8/24/2016 | Douglas R Waggoner | CEO | Sell | 100 | $26.00 | $2,600.00 | 241,141 | |
| 8/22/2016 | Douglas R Waggoner | CEO | Sell | 23,528 | $25.56 | $601,375.68 | 251,217 | |
| 8/17/2016 | Douglas R Waggoner | CEO | Sell | 46,117 | $25.74 | $1,187,051.58 | 254,544 | |
| 8/15/2016 | David B Menzel | COO | Sell | 15,000 | $25.89 | $388,350.00 | 147,030 | |
| 3/10/2016 | Kyle Sauers | CFO | Sell | 16,765 | $25.53 | $428,010.45 | 77,372 | |
| 3/1/2016 | David B Menzel | COO | Sell | 32,534 | $25.68 | $835,473.12 | 130,653 | |
| 8/17/2015 | Douglas R Waggoner | CEO | Sell | 8,000 | $24.99 | $199,920.00 | | |
| 6/15/2015 | Douglas R Waggoner | CEO | Sell | 8,000 | $32.00 | $256,000.00 | | |
| 4/23/2015 | Douglas R Waggoner | CEO | Sell | 8,000 | $33.60 | $268,800.00 | | |
| 3/19/2015 | Bradley A Keywell | Director | Sell | 35,000 | $27.17 | $950,950.00 | | |
| 3/16/2015 | Douglas R Waggoner | CEO | Sell | 8,000 | $28.19 | $225,520.00 | | |
| 2/19/2015 | Bradley A Keywell | Director | Sell | 35,000 | $26.87 | $940,450.00 | | |
| 2/17/2015 | Douglas R Waggoner | CEO | Sell | 8,000 | $26.50 | $212,000.00 | | |
| 2/10/2015 | Douglas R Waggoner | CEO | Sell | 8,000 | $25.03 | $200,240.00 | | |
| 1/22/2015 | Bradley A Keywell | Director | Sell | 35,000 | $26.97 | $943,950.00 | | |
| 12/22/2014 | Douglas R Waggoner | CEO | Sell | 16,670 | $29.09 | $484,930.30 | | |
| 12/15/2014 | Douglas R Waggoner | CEO | Sell | 8,000 | $27.70 | $221,600.00 | | |
| 12/10/2014 | Bradley A Keywell | Director | Sell | 35,000 | $27.30 | $955,500.00 | | |
| 12/5/2014 | Douglas R Waggoner | CEO | Sell | 5,518 | $29.02 | $160,132.36 | | |
| 11/17/2014 | Douglas R Waggoner | CEO | Sell | 8,000 | $27.35 | $218,800.00 | | |
| 11/12/2014 | Bradley A Keywell | Director | Sell | 35,000 | $28.09 | $983,150.00 | | |
| 11/11/2014 | Bradley A Keywell | Director | Sell | 17,500 | $28.06 | $491,050.00 | | |
| 11/6/2014 | Douglas R Waggoner | CEO | Sell | 41,141 | $23.54 | $968,459.14 | | |
| 9/19/2014 | Douglas R Waggoner | CEO | Sell | 14,200 | $24.88 | $353,296.00 | | |
| 9/18/2014 | Bradley A Keywell | Director | Sell | 35,000 | $25.80 | $903,000.00 | | |
| 9/17/2014 | Bradley A Keywell | Director | Sell | 17,500 | $26.00 | $455,000.00 | | |
| 9/11/2014 | Samuel K Skinner | Director | Sell | 10,000 | $26.54 | $265,400.00 | | |
| 8/21/2014 | Bradley A Keywell | Director | Sell | 35,000 | $24.90 | $871,500.00 | | |
| 8/20/2014 | Bradley A Keywell | Director | Sell | 17,500 | $24.83 | $434,525.00 | | |
| 7/30/2014 | David B Menzel | COO | Sell | 20,000 | $21.73 | $434,600.00 | | |
| 7/17/2014 | Bradley A Keywell | Director | Sell | 35,000 | $19.90 | $696,500.00 | | |
| 7/16/2014 | Bradley A Keywell | Director | Sell | 17,500 | $19.95 | $349,125.00 | | |
| 6/19/2014 | Bradley A Keywell | Director | Sell | 35,000 | $18.08 | $632,800.00 | | |
| 5/22/2014 | Bradley Keywell | Director | Sell | 35,000 | $18.26 | $639,100.00 | 8,217 | |
| 4/17/2014 | Bradley Keywell | Director | Sell | 35,000 | $16.88 | $590,800.00 | 8,217 | |
| 3/4/2014 | Bradley Keywell | Director | Sell | 25,000 | $16.15 | $403,750.00 | 8,217 | |
| 2/4/2014 | Bradley Keywell | Director | Sell | 25,000 | $19.30 | $482,500.00 | 8,217 | |
| 1/7/2014 | Bradley Keywell | Director | Sell | 25,000 | $20.68 | $517,000.00 | 8,217 | |
| 1/3/2014 | Eric Lefkofsky | major shareholder | Sell | 50,000 | $20.62 | $1,031,000.00 | | |
| 12/5/2013 | Bradley Keywell | Director | Sell | 25,000 | $19.95 | $498,750.00 | 8,217 | |
| 12/3/2013 | Eric Lefkofsky | major shareholder | Sell | 112,500 | $20.03 | $2,253,375.00 | | |
| 11/6/2013 | Bradley Keywell | Director | Sell | 25,000 | $19.23 | $480,750.00 | 8,217 | |
| 11/4/2013 | Eric P Lefkofsky | Major Shareholder | Sell | 112,500 | $18.59 | $2,091,375.00 | | |
| 10/4/2013 | Bradley Keywell | Director | Sell | 25,000 | $20.25 | $506,250.00 | 8,217 | |
| 9/4/2013 | Bradley A Keywell | Director | Sell | 25,000 | $21.50 | $537,500.00 | | |
| 9/4/2013 | Eric P Lefkofsky | Major Shareholder | Sell | 112,500 | $21.50 | $2,418,750.00 | | |
| 8/2/2013 | Bradley A Keywell | Director | Sell | 25,000 | $22.28 | $557,000.00 | | |
| 8/2/2013 | Eric P Lefkofsky | Major Shareholder | Sell | 112,500 | $22.28 | $2,506,500.00 | | |
| 7/2/2013 | Bradley A Keywell | Director | Sell | 25,000 | $18.83 | $470,750.00 | | |
| 7/2/2013 | Eric P Lefkofsky | Major Shareholder | Sell | 112,500 | $18.83 | $2,118,375.00 | | |
| 6/4/2013 | Bradley A Keywell | Director | Sell | 25,000 | $17.42 | $435,500.00 | | |
| 6/4/2013 | Eric P Lefkofsky | Major Shareholder | Sell | 112,500 | $17.42 | $1,959,750.00 | | |
| 5/28/2013 | David B Menzel | CFO | Sell | 37,500 | $18.21 | $682,875.00 | | |
| 3/22/2013 | John R Walter | Director | Buy | 33,321 | $20.86 | $695,076.06 | | |
| 2/20/2013 | John R Walter | Director | Buy | 30,000 | $19.95 | $598,500.00 | | |
| 2/19/2013 | John R Walter | Director | Buy | 50,639 | $18.60 | $941,885.40 | | |
(Data available from 1/1/2013 forward)
Echo Global Logistics (NASDAQ ECHO) News Headlines
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Echo Global Logistics (NASDAQ:ECHO) SEC Filings
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Echo Global Logistics (NASDAQ:ECHO) Income Statement, Balance Sheet and Cash Flow Statement
Echo Global Logistics (NASDAQ ECHO) Stock Chart for Friday, May, 25, 2018
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