Echo Global Logistics Company Profile (NASDAQ:ECHO)

Echo Global Logistics trades on the NASDAQ under the ticker symbol "ECHO."

Echo Global Logistics declared that its Board of Directors has approved a share buyback program on Sunday, June 4th 2017, which authorizes the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 9.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Echo Global Logistics, Inc. (NASDAQ:ECHO) posted its earnings results on Wednesday, April, 26th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by $0.01. The firm earned $415.80 million during the quarter, compared to analysts' expectations of $417.30 million. Echo Global Logistics had a positive return on equity of 3.65% and a negative net margin of 0.09%. Echo Global Logistics's quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. View Echo Global Logistics' Earnings History.

Echo Global Logistics is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for Echo Global Logistics.

7 analysts have issued 12 month target prices for Echo Global Logistics' stock. Their forecasts range from $23.00 to $32.00. On average, they anticipate Echo Global Logistics' stock price to reach $28.83 in the next twelve months. View Analyst Ratings for Echo Global Logistics.

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. " (6/28/2017)
• 2. J P Morgan Chase & Co analysts commented, "We are maintaining our Overweight rating on ECHO and $31 Dec 2017 price target. Our thesis on the stock remains unchanged since our July 11 initiation; Echo has multiple offsets to manage through cyclical margin pressure in truckload brokerage. Synergies from the 2015 Command acquisition began to emerge ahead of the integrated truckload technology platform launch as the new salesforce has already generated contributions utilizing legacy Echo’s LTL and managed transportation products. In addition to revenue and newly disclosed operating synergies, we believe Echo’s relative high LTL leverage and low TL contract put the company in a favorable position versus peers. Moreover, ECHO remains a gross revenue growth story at its current stage unlike peers whose outlook is tied to net revenue growth and margins; in a rising fuel environment the company benefits more from higher gross revenues." (7/29/2016)

Some companies that are related to Echo Global Logistics include Frontline (FRO), Marten Transport (MRTN), Avianca Holdings S.A. (AVH), Golden Ocean Group Limited (GOGL), Textainer Group Holdings Limited (TGH), Martin Midstream Partners L.P. (MMLP), Seaspan Corporation (SSW), Costamare (CMRE), American Railcar Industries (ARII), KNOT Offshore Partners LP (KNOP), GasLog Partners LP (GLOP), Teekay Corporation (TK), International Seaways (INSW), Star Bulk Carriers Corp. (SBLK), Nordic American Tankers Limited (NAT), Navigator Holdings (NVGS), Student Transportation (STB) and Scorpio Bulkers (SALT).

Echo Global Logistics' management team includes the folowing people:

• Douglas R. Waggoner, Chairman of the Board, Chief Executive Officer
• David B. Menzel, President, Chief Operating Officer
• Bradley A. Keywell, Co-Founder
• Kyle L. Sauers, Chief Financial Officer
• Nelda J. Connors, Independent Director
• William M. Farrow III, Independent Director
• Matthew Wagner Ferguson, Independent Director
• David C. Habiger, Independent Director
• Samuel K. Skinner, Independent Director

Echo Global Logistics' stock is owned by many different of retail and institutional investors. Top institutional investors include AMI Asset Management Corp (1.99%), Fenimore Asset Management Inc. (1.36%), Summit Creek Advisors LLC (1.28%), Laurel Grove Capital LLC (0.04%), Louisiana State Employees Retirement System (0.04%) and Atria Investments LLC (0.04%). Company insiders that own Echo Global Logistics stock include David B Menzel, Douglas R Waggoner and Kyle Sauers. View Institutional Ownership Trends for Echo Global Logistics.

Echo Global Logistics' stock was sold by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC, Sit Investment Associates Inc., Laurel Grove Capital LLC, Capstone Asset Management Co. and Atria Investments LLC. Company insiders that have sold Echo Global Logistics stock in the last year include David B Menzel and Douglas R Waggoner. View Insider Buying and Selling for Echo Global Logistics.

Echo Global Logistics' stock was purchased by a variety of institutional investors in the last quarter, including AMI Asset Management Corp, Fenimore Asset Management Inc., State of Alaska Department of Revenue and Louisiana State Employees Retirement System. View Insider Buying and Selling for Echo Global Logistics.

Shares of Echo Global Logistics can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Echo Global Logistics stock can currently be purchased for approximately $17.85.