Echo Global Logistics, Inc. (ECHO) Analysts See $0.17 EPS

July 17, 2017 - By Dolores Ford

 Echo Global Logistics, Inc. (ECHO) Analysts See $0.17 EPS
Investors sentiment decreased to 1 in 2016 Q4. Its down 0.29, from 1.29 in 2016Q3. It fall, as 26 investors sold Echo Global Logistics, Inc. shares while 41 reduced holdings. 22 funds opened positions while 45 raised stakes. 25.15 million shares or 0.33% less from 25.24 million shares in 2016Q3 were reported.
Moreover, Envestnet Asset Mngmt Incorporated has 0% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO). New York State Teachers Retirement System reported 11,423 shares. Argent Mngmt Lc, a Missouri-based fund reported 95,725 shares. Ami Asset Mngmt accumulated 605,240 shares. Franklin holds 409,932 shares or 0.01% of its portfolio. Nationwide Fund Advsrs holds 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 19,965 shares. Arizona State Retirement owns 14,164 shares or 0.01% of their US portfolio. Parametric Port Limited Liability Co owns 53,332 shares. Northern Tru holds 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 410,512 shares. Frontier Mngmt Com Ltd Limited Liability Company reported 0.04% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). Blackrock Japan, Japan-based fund reported 2,064 shares. Howe And Rusling owns 449 shares for 0% of their portfolio. Luminus Mngmt Ltd owns 520,163 shares for 0.29% of their portfolio. 307 are held by Bessemer Grp Inc Inc. Tiedemann Wealth Mngmt Ltd Liability Co stated it has 19,250 shares.

Wall Street await Echo Global Logistics, Inc. (NASDAQ:ECHO) to release earnings on July, 26. Analysts forecast earnings per share of $0.17, down exactly $0.02 or 10.53 % from 2014’s $0.19 EPS. The expected ECHO’s profit could reach $5.03 million giving the stock 28.16 P/E in the case that $0.17 earnings per share is reported. After posting $0.03 EPS for the previous quarter, Echo Global Logistics, Inc.’s analysts now forecast 466.67 % EPS growth. The stock decreased 0.78% or $0.15 during the last trading session, reaching $19.15. About 216,514 shares traded. Echo Global Logistics, Inc. (NASDAQ:ECHO) has declined 17.14% since July 18, 2016 and is downtrending. It has underperformed by 33.84% the S&P500.

Echo Global Logistics, Inc. (NASDAQ:ECHO) Ratings Coverage

Among 10 analysts covering Echo Global Logistics (NASDAQ:ECHO), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Echo Global Logistics had 19 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by Barrington Research on Friday, August 28 with “Outperform”. The stock has “Neutral” rating by Susquehanna on Tuesday, December 20. Cowen & Co maintained Echo Global Logistics, Inc. (NASDAQ:ECHO) on Tuesday, October 27 with “Outperform” rating. JP Morgan initiated it with “Overweight” rating and $31 target in Monday, July 11 report. The firm earned “Market Outperform” rating on Friday, January 8 by Avondale. As per Tuesday, August 18, the company rating was upgraded by Stifel Nicolaus. On Monday, October 31 the stock rating was maintained by Barrington Research with “Outperform”. The firm has “Sell” rating given on Wednesday, September 2 by Zacks. The rating was maintained by William Blair with “Outperform” on Friday, August 21. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) earned “Neutral” rating by UBS on Monday, July 11.

Echo Global Logistics, Inc. is a provider of technology-enabled transportation and supply chain management solutions. The company has market cap of $566.96 million. The Firm utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services. It currently has negative earnings. The Firm focuses primarily on arranging transportation by truckload and less than truckload (LTL) carriers.

More notable recent Echo Global Logistics, Inc. (NASDAQ:ECHO) news were published by: Seekingalpha.com which released: “Why Echo Global Logistics Has 50%-60% Downside” on September 08, 2016, also Finance.Yahoo.com with their article: “Echo Global Logistics Reports Record First Quarter Revenue; Up 3% Year over Year” published on April 26, 2017, Seekingalpha.com published: “Echo Global Logistics (ECHO) Q4 2016 Results – Earnings Call Transcript” on February 09, 2017. More interesting news about Echo Global Logistics, Inc. (NASDAQ:ECHO) were released by: Reuters.com and their article: “BRIEF-Echo Global Logistics says Q1 revenue up 3 pct to $415.8 mln” published on September 08, 2016 as well as Seekingalpha.com‘s news article titled: “Echo Global Logistics’ (ECHO) Q1 2017 Results – Earnings Call Transcript” with publication date: April 27, 2017.

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