About Echo Global Logistics (NASDAQ:ECHO)
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. The Company focuses primarily on arranging transportation by truckload (TL) and less than truckload (LTL) carriers. It also offers intermodal (which involves moving a shipment by rail and truck), small parcel, domestic air, expedited and international transportation services. The Company's core logistics services include rate negotiation, shipment execution and tracking, carrier selection and management, routing compliance freight bill payment and audit, payment and performance management and reporting functions.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Integrated Logistics Operators
- Sub-Industry: Air Freight & Logistics
- Symbol: NASDAQ:ECHO
- CUSIP: 27875T10
- Web: www.echo.com
Capitalization:- Market Cap: $552.13 million
- Outstanding Shares: 28,534,000
Average Prices:- 50 Day Moving Avg: $17.96
- 200 Day Moving Avg: $18.05
- 52 Week Range: $13.00 - $28.90
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 21.26
- P/E Growth: 2.21
Sales & Book Value:- Annual Revenue: $1.75 billion
- Price / Sales: 0.32
- Book Value: $12.53 per share
- Price / Book: 1.54
Profitability:- EBITDA: $31.7 million
- Net Margins: -0.21%
- Return on Equity: 3.22%
- Return on Assets: 1.47%
Debt:- Debt-to-Equity Ratio: 0.60%
- Current Ratio: 1.48%
- Quick Ratio: 1.48%
Misc:- Average Volume: 486,342 shs.
- Beta: 1.44
- Short Ratio: 7.38
Frequently Asked Questions for Echo Global Logistics (NASDAQ:ECHO)
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 approved a share repurchase program on Sunday, June 4th 2017, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 9.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.
How were Echo Global Logistics' earnings last quarter?
Echo Global Logistics, Inc. (NASDAQ:ECHO) announced its quarterly earnings results on Thursday, July, 27th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.20 by $0.02. The firm had revenue of $470.10 million for the quarter, compared to the consensus estimate of $470.25 million. Echo Global Logistics had a positive return on equity of 3.22% and a negative net margin of 0.21%. The company's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS. View Echo Global Logistics' Earnings History.
When will Echo Global Logistics make its next earnings announcement?
Where is Echo Global Logistics' stock going? Where will Echo Global Logistics' stock price be in 2017?
9 brokerages have issued 1 year price targets for Echo Global Logistics' stock. Their predictions range from $14.00 to $30.00. On average, they expect Echo Global Logistics' stock price to reach $20.88 in the next twelve months. View Analyst Ratings for Echo Global Logistics.
What are 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. " (10/10/2017)
- 2. UBS AG 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?
Some companies that are related to Echo Global Logistics include Golden Ocean Group Limited (GOGL), Gol Linhas Aereas Inteligentes S.A. (GOL), Avianca Holdings S.A. (AVH), Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS), GasLog Partners LP (GLOP), Seaspan Corporation (SSW), ArcBest Corporation (ARCB), Teekay Corporation (TK), CAI International (CAI), KNOT Offshore Partners LP (KNOP), Star Bulk Carriers Corp. (SBLK), Costamare (CMRE), Green Plains Partners LP (GPP), Martin Midstream Partners L.P. (MMLP), Navigator Holdings (NVGS), Scorpio Bulkers (SALT), International Seaways (INSW) and DHT Holdings (DHT).
Who are Echo Global Logistics' key executives?
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
Who owns Echo Global Logistics stock?
Echo Global Logistics' stock is owned by many different of institutional and retail investors. Top institutional investors include
SCOPUS ASSET MANAGEMENT, L.P.
(5.60%), Summit Creek Advisors LLC (1.30%) and Mutual of America Capital Management LLC (0.35%). 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.
Who sold Echo Global Logistics stock? Who is selling Echo Global Logistics stock?
Who bought Echo Global Logistics stock? Who is buying Echo Global Logistics stock?
How do I buy Echo Global Logistics stock?
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.
What is Echo Global Logistics' stock price today?
One share of Echo Global Logistics stock can currently be purchased for approximately $19.35.
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Echo Global Logistics (NASDAQ:ECHO) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Hold Ratings, 6 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.67) |
| Consensus Price Target: | $20.88 (7.88% upside) |
Consensus Price Target History for Echo Global Logistics (NASDAQ:ECHO)
Analysts' Ratings History for Echo Global Logistics (NASDAQ:ECHO)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/12/2017 | J P Morgan Chase & Co | Boost Price Target | Overweight | $19.00 -> $25.00 | N/A |  |
| 10/4/2017 | Cowen and Company | Reiterated Rating | Buy | $19.00 | Medium | |
| 9/12/2017 | Stifel Nicolaus | Reiterated Rating | Buy | $18.00 | Low | |
| 8/7/2017 | Morgan Stanley | Downgrade | Overweight -> Equal Weight | $26.00 -> $14.00 | Low | |
| 7/28/2017 | William Blair | Reiterated Rating | Market Perform | | Low | |
| 7/31/2017 | Barrington Research | Lower Price Target | Outperform | $28.00 -> $18.00 | High | |
| 7/31/2017 | Credit Suisse Group | Downgrade | Outperform -> Neutral | $23.00 -> $14.00 | Medium | |
| 7/10/2017 | Macquarie | Reiterated Rating | Outperform | $29.00 | Low | |
| 4/13/2017 | Susquehanna Bancshares Inc | Upgrade | Neutral -> Positive | | Medium | |
| 1/12/2016 | FBR & Co | Reiterated Rating | Outperform | $43.00 | N/A | |
| 1/8/2016 | Avondale Partners | Upgrade | Market Perform -> Outperform | | N/A | |
| 10/29/2015 | Stephens | Lower Price Target | | $40.00 -> $29.00 | N/A | |
| 10/29/2015 | BB&T Corporation | Upgrade | Hold -> Buy | $34.14 -> $26.00 | N/A | |
(Data available from 10/23/2015 forward)
Earnings History for Echo Global Logistics (NASDAQ:ECHO)Earnings History by Quarter for Echo Global Logistics (NASDAQ ECHO)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/24/2017 | | $0.31 | | | | | N/A | |
| 7/27/2017 | Q2 2017 | $0.20 | $0.18 | $470.25 million | $470.10 million | View | N/A | |
| 4/26/2017 | Q1 2017 | $0.04 | $0.03 | $417.30 million | $415.80 million | View | N/A | |
| 2/8/2017 | Q416 | $0.09 | $0.07 | $416.94 million | $406.90 million | View | Listen | |
| 10/26/2016 | Q316 | $0.27 | $0.25 | $80.04 million | $460.20 million | View | Listen | |
| 7/27/2016 | Q216 | $0.31 | $0.27 | $439.56 million | $443.80 million | View | Listen | |
| 4/27/2016 | Q116 | $0.24 | $0.24 | $409.89 million | $405.00 million | View | Listen | |
| 2/4/2016 | Q4 | $0.25 | $0.28 | $424.88 million | $407.20 million | View | N/A | |
| 10/28/2015 | Q315 | $0.27 | $0.34 | $457.86 million | $450.00 million | View | Listen | |
| 8/5/2015 | Q215 | $0.24 | $0.30 | $383.25 million | $372.00 million | View | N/A | |
| 4/21/2015 | Q115 | $0.15 | $0.15 | $295.70 million | $283.00 million | View | N/A | |
| 2/5/2015 | Q414 | $0.18 | $0.20 | $304.52 million | $300.00 million | View | N/A | |
| 10/23/2014 | Q314 | $0.22 | $0.25 | $312.50 million | $320.60 million | View | Listen | |
| 7/24/2014 | Q214 | $0.18 | $0.22 | $276.73 million | $305.10 million | View | N/A | |
| 4/24/2014 | Q114 | $0.11 | $0.14 | $229.69 million | $247.70 million | View | N/A | |
| 2/6/2014 | Q413 | $0.18 | $0.11 | $238.09 million | $221.30 million | View | N/A | |
| 10/24/2013 | Q313 | $0.21 | $0.18 | $238.97 million | $234.80 million | View | N/A | |
| 7/25/2013 | Q2 2013 | $0.17 | $0.17 | $218.20 million | $224.10 million | View | N/A | |
| 4/25/2013 | Q1 2013 | $0.16 | $0.15 | $213.10 million | $204.00 million | View | N/A | |
| 2/7/2013 | Q4 2012 | $0.17 | $0.15 | $207.02 million | $211.20 million | View | N/A | |
| 10/25/2012 | | $0.19 | $0.17 | | | View | N/A | |
| 7/26/2012 | | $0.17 | $0.17 | | | View | N/A | |
| 4/26/2012 | | $0.14 | $0.14 | | | View | N/A | |
| 2/14/2012 | | $0.15 | $0.16 | | | View | N/A | |
| 10/27/2011 | | $0.15 | $0.15 | | | View | N/A | |
| 7/28/2011 | | $0.13 | $0.13 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Echo Global Logistics (NASDAQ:ECHO)| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q3 2017 | 1 | $0.13 | $0.13 | $0.13 |
| Q4 2017 | 1 | $0.05 | $0.05 | $0.05 |
(Data provided by Zacks Investment Research)
Dividend History for Echo Global Logistics (NASDAQ:ECHO)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Echo Global Logistics (NASDAQ:ECHO)Insider Ownership Percentage: 8.10%
Institutional Ownership Percentage: 87.56%
Insider Trades by Quarter for Echo Global Logistics (NASDAQ:ECHO)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 6/5/2017 | David B Menzel | COO | Sell | 10,000 | $19.48 | $194,800.00 | |
| 10/19/2016 | Douglas R Waggoner | CEO | Sell | 34,822 | $22.23 | $774,093.06 | |
| 9/1/2016 | Douglas R Waggoner | CEO | Sell | 34,723 | $26.01 | $903,145.23 | |
| 8/24/2016 | Douglas R Waggoner | CEO | Sell | 100 | $26.00 | $2,600.00 | |
| 8/22/2016 | Douglas R Waggoner | CEO | Sell | 23,528 | $25.56 | $601,375.68 | |
| 8/17/2016 | Douglas R Waggoner | CEO | Sell | 46,117 | $25.74 | $1,187,051.58 | |
| 8/15/2016 | David B Menzel | COO | Sell | 15,000 | $25.89 | $388,350.00 | |
| 3/10/2016 | Kyle Sauers | CFO | Sell | 16,765 | $25.53 | $428,010.45 | |
| 3/1/2016 | David B Menzel | COO | Sell | 32,534 | $25.68 | $835,473.12 | |
| 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 | |
| 4/17/2014 | Bradley Keywell | Director | Sell | 35,000 | $16.88 | $590,800.00 | |
| 3/4/2014 | Bradley Keywell | Director | Sell | 25,000 | $16.15 | $403,750.00 | |
| 2/4/2014 | Bradley Keywell | Director | Sell | 25,000 | $19.30 | $482,500.00 | |
| 1/7/2014 | Bradley Keywell | Director | Sell | 25,000 | $20.68 | $517,000.00 | |
| 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 | |
| 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 | |
| 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 | |
| 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)
Headline Trends for Echo Global Logistics (NASDAQ:ECHO)
Latest Headlines for Echo Global Logistics (NASDAQ:ECHO)
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Echo Global Logistics (ECHO) Chart for Monday, October, 23, 2017
