Notable Stock News to Watch: Echo Global Logistics (NASDAQ:ECHO)

Echo Global Logistics (NASDAQ:ECHO) spotted trading -20.15% off 52-week high price. On the other end, the stock has been noted 15.11% away from the low price over the last 52-weeks. The stock changed 3.14% to recent value of $20.72. The stock transacted 261860 shares during most recent day however it has an average volume of 222.57K shares. The company has 28.69M of outstanding shares and 26.59M shares were floated in the market.

On Feb. 5, 2020, Echo Global Logistics (NASDAQ:ECHO) a leading provider of technology-enabled transportation management services, released financial results for the quarter and full year ended December 31, 2019.

I’m proud of the results we posted this year in light of the challenging freight market, triggered by excess truckload capacity throughout much of the year. I am particularly excited about the year over year volume growth we’ve seen in early January, and believe the freight cycle will improve in 2020, said Doug Waggoner, Chairman of the Board of Directors and Chief Executive Officer at Echo. Entering 2020 we will continue to invest in technology to drive interactions with our shippers and carriers, while improving efficiency for our employees.

Fourth Quarter 2019 Highlights

  • Revenue decreased 8.8% to $531.7 million from the fourth quarter of 2018; net revenue decreased 12.4% to $89.7 million from the fourth quarter of 2018
  • Transactional revenue decreased 8.5% to $411.2 million and Managed Transportation revenue decreased 9.8% to $120.5 million from the fourth quarter of 2018
  • Net income decreased to $1.4 million, compared to $6.9 million in the fourth quarter of 2018
  • Fully diluted EPS decreased to $0.05 in the fourth quarter of 2019; non-GAAP fully diluted EPS decreased to $0.26 in the fourth quarter of 2019
  • Adjusted EBITDA decreased to $17.5 million, compared to $25.6 million in the fourth quarter of 2018

Full Year 2019 Highlights

  • Revenue decreased 10.4% to $2.2 billion from 2018; net revenue decreased 8.2% to $386 million from 2018
  • Transactional revenue decreased 12.0% to $1.7 billion and Managed Transportation revenue decreased 4.6% to $500 million from 2018
  • Net revenue margin increased to 17.7% in 2019 from 17.2% in 2018
  • Net income decreased to $14.8 million, compared to $28.7 million in 2018
  • Fully diluted EPS decreased to $0.55 in 2019; non-GAAP fully diluted EPS decreased to $1.45 in 2019
  • Adjusted EBITDA decreased to $84.1 million, compared to $100.2 million in 2018

Its earnings per share (EPS) expected to touch remained 683.60% for this year while earning per share for the next 5-years is expected to reach at -2.50%. ECHO has a gross margin of 17.80% and an operating margin of 1.90% while its profit margin remained 0.90% for the last 12 months.

According to the most recent quarter its current ratio was 1.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of -3.00% from the mean of 20 days, 1.51% from mean of 50 days SMA and performed -1.18% from mean of 200 days price. Company’s performance for the week was -1.24%, 2.22% for month and YTD performance remained 0.10%.

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