S&P Dow Jones Indices Announces Thryv Holdings Will Replace Echo Global Logistics In S&P SmallCap 600
https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20211117-1445202/1445202_6echo.pdf
Echo Global Logistics Earnings Perspective: Return On Capital Employed
According to Benzinga Pro, during Q3, Echo Global Logistics (NASDAQ:ECHO) earned $26.22 million, a 6.43% increase from the preceding quarter. Echo Global Logistics also posted a total of $985.59 million in sales, a 5.46% increase since Q2.
Echo Global Logistics Q3 EPS $0.93 Up From $0.40 YoY, Sales $985.60M Up From $691.50M YoY
Echo Global Logistics (NASDAQ:ECHO) reported quarterly earnings of $0.93 per share. This is a 132.5 percent increase over earnings of $0.40 per share from the same period last year. The company reported $985.60 million
Echo Had Another Serious Suitor Before Accepting Jordan’s Bid, Filing Says
By Tuesday night, it had become a matter of public record that a serious suitor for Echo Global Logistics Inc. had emerged before the Chicago-based freight broker accepted in early September a $48.25-per-share all-cash buyout from private equity firm The Jordan Co., topping the unnamed suitor's $47-a-share cash bid.
The question is who?
Rate Guidance Should Drive TL Estimates Higher, Morgan Stanley Says
In a Monday note to clients, Morgan Stanley analyst Ravi Shanker identified three key themes for the third-quarter earnings season, which begins Oct. 15 when J.B. Hunt reports. Hurricane Ida's impact on the period, 2022 rate expectations and labor issues throughout peak season are the areas that will get the most attention, according to Shanker.
Where Echo Global Logistics Stands With Analysts
Echo Global Logistics (NASDAQ:ECHO) has observed the following analyst ratings within the last quarter:
Barrington Research Downgrades Echo Global Logistics to Market Perform
Barrington Research analyst Kevin Steinke downgrades Echo Global Logistics (NASDAQ:ECHO) from Outperform to Market Perform.
Stifel Downgrades Echo Global Logistics to Hold, Raises Price Target to $48.25
Stifel analyst J. Bruce Chan downgrades Echo Global Logistics (NASDAQ:ECHO) from Buy to Hold and raises the price target from $42 to $48.25.
Bankers Have ‘Never Seen A Stronger Seller’s Market’ For 3PLs
The market for buying and selling third-party logistics providers and freight brokerages is red hot, according to Capstone Partners investment bankers Burke Smith and Nathan Feldman.
