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Echo Global Logistics, Inc. (ECHO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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29.46+0.72 (+2.51%)
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Previous Close28.74
Bid29.44 x 800
Ask29.54 x 900
Day's Range28.76 - 29.54
52 Week Range14.17 - 31.30
Avg. Volume170,285
Market Cap783.875M
Beta (5Y Monthly)1.15
PE Ratio (TTM)49.10
EPS (TTM)0.60
Earnings DateApr 20, 2021 - Apr 26, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est33.30
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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-22% Est. Return
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  • Echo Global Logistics, Inc.'s (NASDAQ:ECHO) Stock Is Going Strong: Have Financials A Role To Play?
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    Echo Global Logistics, Inc.'s (NASDAQ:ECHO) Stock Is Going Strong: Have Financials A Role To Play?

    Echo Global Logistics' (NASDAQ:ECHO) stock is up by a considerable 7.4% over the past month. Given that stock prices...

  • Echo Global Logistics Beats Earnings Estimates On Strong Volumes, Rates

    Echo Global Logistics Beats Earnings Estimates On Strong Volumes, Rates

    Gross margins compressed by 165 bps to 15.2% Chicago-based freight brokerage Echo Global Logistics (NASDAQ: ECHO) reported its operational and financial performance for the fourth quarter of 2020 on Wednesday after markets closed. Echo posted fully diluted earnings per share (EPS) of 41 cents and non-GAAP fully diluted earnings per share of 56 cents, easily beating the Wall Street consensus estimate of 35 cents per share. Non-GAAP fully diluted EPS was up 114.4% compared to the same period in 2019, when loose trucking capacity and low rates hit Echo's volumes and gross profit per load. Revenue was up 41.9% year-over-year to $754.3 million in Q4, and it wasn't all from the extraordinary upward pressure on truckload rates that freight markets experienced in the second half of 2020; Echo outperformed on volume, too. Truckload revenue increased 56% on 19.6% higher volume, while less-than-truckload revenue grew 16% on 12.8% higher volumes. What's especially notable about the volume growth is that Echo achieved it with a sales force that remained essentially unchanged at 1,665 sales employees and agents, down 0.2% or four people from the year-ago period. View more earnings on ECHO "I'm incredibly proud of the results we posted in 2020. From quickly adjusting to working remotely in the first part of the year to then executing in an extremely competitive freight market with constrained capacity, Echo demonstrated why it is one of the top players in the industry," said Doug Waggoner, Echo's chairman and CEO, in a statement. "As we enter 2021 against the backdrop of continued strong demand and limited supply, we look to continue to invest in the technology and people that were the foundation for our success in 2020." The volatility in truckload transportation shifted Echo's revenue mix toward truckload, which accounted for 72.8% of revenue in Q4 2020 compared to 66.2% in the fourth quarter of 2019. LTL's share of overall revenue fell from 29.9% in Q4 2019 to 24.4% in the fourth quarter of 2020. Managed transportation revenue grew 46.6% year-over-year to $176 million for the quarter. Echo's cost of purchased transportation rose faster than its top-line revenue, which compressed margins. Narrower margins are typical for top-of-the-cycle fourth quarters when trucking capacity is scarce and there's a lot of freight to move. Echo's adjusted gross profit margin (formerly called its "net revenue margin") slid 165 bps, falling to 15.2% from 16.9% a year ago. See more from BenzingaClick here for options trades from BenzingaFor Airlines, Cargo No Substitute For PeopleVolvo Group Reports Lower 2020 Sales But Strong Profit Margins© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Echo Global Logistics Inc (ECHO) Q4 2020 Earnings Call Transcript
    Motley Fool

    Echo Global Logistics Inc (ECHO) Q4 2020 Earnings Call Transcript

    ECHO earnings call for the period ending December 31, 2020.