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 has approved a stock repurchase program on Sunday, June 4th 2017, which authorizes the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 9.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Echo Global Logistics, Inc. (NASDAQ:ECHO) released its earnings results on Thursday, July, 27th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.02. The firm earned $470.10 million during the quarter, compared to the consensus estimate of $470.25 million. Echo Global Logistics had a negative net margin of 0.21% and a positive return on equity of 3.22%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. View Echo Global Logistics' Earnings History.

Echo Global Logistics is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Echo Global Logistics.

8 brokers have issued twelve-month target prices for Echo Global Logistics' stock. Their forecasts range from $14.00 to $30.00. On average, they expect Echo Global Logistics' share price to reach $20.29 in the next year. 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. " (8/2/2017)
• 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)

Some companies that are related to Echo Global Logistics include Marten Transport (MRTN), Avianca Holdings S.A. (AVH), Frontline (FRO), Textainer Group Holdings Limited (TGH), GasLog Partners LP (GLOP), Seaspan Corporation (SSW), Teekay Corporation (TK), ArcBest Corporation (ARCB), KNOT Offshore Partners LP (KNOP), American Railcar Industries (ARII), Star Bulk Carriers Corp. (SBLK), Costamare (CMRE), Martin Midstream Partners L.P. (MMLP), Green Plains Partners LP (GPP), Navigator Holdings (NVGS), International Seaways (INSW), DHT Holdings (DHT) and CAI International (CAI).

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 a variety of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.33%), SCOPUS ASSET MANAGEMENT, L.P. (5.60%), Vanguard Group Inc. (5.16%), Franklin Resources Inc. (4.88%), Wasatch Advisors Inc. (4.04%) and Eagle Asset Management Inc. (2.72%). 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 Ameriprise Financial Inc., Wasatch Advisors Inc., Russell Investments Group Ltd., Summit Creek Advisors LLC, Tiverton Asset Management LLC, Stoneridge Investment Partners LLC, Elk Creek Partners LLC and New York State Common Retirement Fund. 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 acquired by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Dimensional Fund Advisors LP, Franklin Resources Inc., Lazard Asset Management LLC, Northern Trust Corp, Rice Hall James & Associates LLC, AMI Asset Management Corp and Schwab Charles Investment Management Inc.. 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 $17.95.