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

July 17, 2017 - By test

 Analysts See $0.17 EPS for Echo Global Logistics, Inc. (ECHO)
Investors sentiment decreased to 1 in Q4 2016. Its down 0.29, from 1.29 in 2016Q3. It is negative, 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.
The California-based Franklin Resources has invested 0.01% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Nationwide Fund, a Pennsylvania-based fund reported 19,965 shares. Investment Management Of Virginia owns 47,963 shares or 0.29% of their US portfolio. Goldman Sachs Group Inc Inc holds 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 50,812 shares. California State Teachers Retirement System holds 0% or 59,264 shares in its portfolio. Royal Natl Bank Of Canada holds 499,971 shares or 0.01% of its portfolio. Amer Gru Incorporated accumulated 20,861 shares or 0% of the stock. Vanguard Inc, Pennsylvania-based fund reported 1.32M shares. 650,857 are held by Allianz Asset Mngmt Ag. Arizona State Retirement Systems, a Arizona-based fund reported 14,164 shares. Atria Invs Limited Co holds 9,965 shares. Nicholas Invest Prtn L P, California-based fund reported 45,925 shares. Riverhead Limited Liability Com holds 1,400 shares or 0% of its portfolio. Tiaa Cref Limited Company owns 0% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 119,399 shares. Blackrock Institutional Na, California-based fund reported 705,069 shares.

Analysts await Echo Global Logistics, Inc. (NASDAQ:ECHO) to report earnings on July, 26. They expect $0.17 EPS, down 10.53 % or $0.02 from last year’s $0.19 per share. ECHO’s profit will be $5.03 million for 28.16 P/E if the $0.17 EPS becomes a reality. After $0.03 actual EPS reported by Echo Global Logistics, Inc. for the previous quarter, Wall Street now forecasts 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. Zacks downgraded Echo Global Logistics, Inc. (NASDAQ:ECHO) on Friday, August 21 to “Buy” rating. The firm earned “Outperform” rating on Monday, October 31 by Barrington Research. The stock has “Sell” rating by Zacks on Wednesday, September 2. The firm earned “Buy” rating on Thursday, October 29 by BB&T Capital. The stock has “Outperform” rating by William Blair on Friday, August 21. As per Friday, August 28, the company rating was maintained by Barrington Research. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Overweight” rating given on Monday, July 11 by JP Morgan. The rating was downgraded by TheStreet on Friday, September 4 to “Hold”. UBS downgraded Echo Global Logistics, Inc. (NASDAQ:ECHO) on Monday, July 11 to “Neutral” rating. As per Wednesday, December 9, the company rating was maintained by Stifel Nicolaus.

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: “Echo Global Logistics (ECHO) Q4 2016 Results – Earnings Call Transcript” on February 09, 2017, also Seekingalpha.com with their article: “Echo Global Logistics’ (ECHO) Q1 2017 Results – Earnings Call Transcript” published on April 27, 2017, Finance.Yahoo.com published: “Echo Global Logistics Reports Record First Quarter Revenue; Up 3% Year over Year” on April 26, 2017. More interesting news about Echo Global Logistics, Inc. (NASDAQ:ECHO) were released by: Finance.Yahoo.com and their article: “Mayor Rahm Emanuel and Echo Global Logistics Unveil New 132K SF Expanded …” published on November 14, 2016 as well as Seekingalpha.com‘s news article titled: “Why Echo Global Logistics Has 50%-60% Downside” with publication date: September 08, 2016.

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