Echo [ECHO] Global Logistics: Trading Sideways Despite Earnings Growth
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Snap Analysis: ECHO is in the Integrated Freight & Logistics sector and is on a pullback after last Earnings. Outstanding institutional investment and increasingly growing in revenue. Should thrive in the post COVID environment. A little on the pricy side however the company’s future growth is being priced in by intuitions. I’m good for a starter position and will average down as necessary. With such intuitional demand for this security I’m not worried about bag holding if it comes to that, but I don’t believe it will. This company is just getting established on the road to solid growth so it may be a bumpy ride for many retail investors. But as this security slides other institutions will likely want a bite at the apple. They’re looking out for the long haul and they obviously see it in ECHO. Multiple upgrades and trading sideways for some time now. Their PE multiple has been halved since previous earnings! Recommend implementing THIS trading strategy.
- Current Value: $27.62
- P/E: 46.77
- Forward P/E: 17.06
- EPS: 0.41
- PB: 1.87 (MRQ)
- Book Value Per Share (MRQ): $15.25 (Good)
- Revenue Per Share (TTM): 96.77 (Solid)
- Cash Per Share: 1.58
- Operating Cash Flow (TTM): 63.77M
- Levered Free Cash Flow (TTM): 66.26M
- Total Debt (MRQ): 133.94M
- Debt to Asset Ratio 59.93% (Good)
- Quarterly Revenue Growth YoY: 43%
- EBITDA: 28.45
- Float: 25.56M (Low)
- Institutional Ownership: 98.25% (Excellent)
- Insider Ownership: 2.25% (Good)
- Analyst Ratings: 45.45% Hold / 18.18% Buy / 36.36% Strong Buy out of 11 analysts (Webull)
- Price targets Low Med High: $26.00/$33.30/$40.00
Feb. 03, 2021 4:13 PM ET Echo Global Logistics (NASDAQ:ECHO): Q4 Non-GAAP EPS of $0.56 beats by $0.12; GAAP EPS of $0.41 beats by $0.07. Revenue of $754.3M (+41.9% Y/Y) beats by $50.86M.
Oct. 28, 2020 4:03 PM ET Echo Global Logistics (NASDAQ:ECHO): Q3 Non-GAAP EPS of $0.40 beats by $0.11; GAAP EPS of $0.26 beats by $0.07. Revenue of $691.5M (+23.2% Y/Y) beats by $83.85M.
Jul. 22, 2020 4:02 PM ET Echo Global Logistics (NASDAQ:ECHO): Q2 Non-GAAP EPS of $0.19 beats by $0.07; GAAP EPS of $0.04 beats by $0.08. Revenue of $514.7M (-7.1% Y/Y) beats by $39.49M.
Apr. 22, 2020 4:02 PM ET: Echo Global Logistics (NASDAQ:ECHO): Q1 Non-GAAP EPS of $0.19 in-line; GAAP EPS of -$0.11 misses by $0.18. Revenue of $551M (+2.4% Y/Y) in-line.
Feb. 05, 2020 4:04 PM ET Echo Global Logistics (NASDAQ:ECHO): Q4 Non-GAAP EPS of $0.26 beats by $0.02; GAAP EPS of $0.05 misses by $0.04. Revenue of $531.68M (-8.8% Y/Y) beats by $11.29M.
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