NASDAQ:ECHO - Echo Global Logistics Stock Price, News, & Analysis

Echo Global Logistics trades on the NASDAQ under the ticker symbol "ECHO."

Echo Global Logistics announced that its board has approved a share buyback program on Sunday, June 4th 2017, which allows the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Echo Global Logistics, Inc. (NASDAQ:ECHO) released its quarterly earnings data on Wednesday, February, 6th. The transportation company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.38 by $0.09. The transportation company had revenue of $583 million for the quarter, compared to the consensus estimate of $587.32 million. Echo Global Logistics had a return on equity of 12.01% and a net margin of 1.18%. Echo Global Logistics's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS. View Echo Global Logistics' Earnings History.

Echo Global Logistics is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for Echo Global Logistics.

Echo Global Logistics updated its first quarter 2019 earnings guidance on Wednesday, February, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $530-570 million, compared to the consensus revenue estimate of $598.3 million.Echo Global Logistics also updated its FY 2019 guidance to EPS.

9 brokerages have issued twelve-month target prices for Echo Global Logistics' stock. Their predictions range from $23.40 to $40.00. On average, they anticipate Echo Global Logistics' share price to reach $31.4889 in the next twelve months. This suggests a possible upside of 33.1% from the stock's current price. View Analyst Price Targets for Echo Global Logistics.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Echo Global Logistics in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Echo Global Logistics.

News stories about ECHO stock have been trending somewhat negative recently, according to InfoTrie. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Echo Global Logistics earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave press coverage about the transportation company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near future.

Some companies that are related to Echo Global Logistics include Forward Air (FWRD), Hub Group (HUBG), Roadrunner Transportation Systems (RRTS), CryoPort (CYRX) and Sino-Global Shipping America (SINO).

Based on aggregate information from My MarketBeat watchlists, some companies that other Echo Global Logistics investors own include Micron Technology (MU), Energy Transfer LP Unit (ET), NVIDIA (NVDA), Advanced Micro Devices (AMD), Cypress Semiconductor (CY), Cornerstone Total Return Fund (CRF), Ctrip.Com International (CTRP), Intel (INTC), Ciena (CIEN) and Alibaba Group (BABA).

Echo Global Logistics' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.65%), Dimensional Fund Advisors LP (8.33%), Standard Life Aberdeen plc (6.52%), Northern Trust Corp (2.17%), North Star Asset Management Inc. (1.58%) and AMI Asset Management Corp (1.30%). Company insiders that own Echo Global Logistics stock include David B Menzel, Douglas R Waggoner, Kyle Sauers, Matthew Wagner Ferguson, Peter Rogers and Samuel K Skinner. View Institutional Ownership Trends for Echo Global Logistics.

ECHO stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Two Sigma Investments LP, Kornitzer Capital Management Inc. KS, Two Sigma Advisers LP, New York State Common Retirement Fund, Millennium Management LLC, Elk Creek Partners LLC and SG Americas Securities LLC. Company insiders that have sold Echo Global Logistics company stock in the last year include David B Menzel, Douglas R Waggoner, Kyle Sauers and Peter Rogers. View Insider Buying and Selling for Echo Global Logistics.

ECHO stock was acquired by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, BlackRock Inc., Gotham Asset Management LLC, Geode Capital Management LLC, Geode Capital Management LLC, Barclays PLC, Assenagon Asset Management S.A. and BBT Capital Management LLC. View Insider Buying and Selling for Echo Global Logistics.

Shares of ECHO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of ECHO stock can currently be purchased for approximately $23.66.

Echo Global Logistics has a market capitalization of $658.22 million and generates $2.44 billion in revenue each year. The transportation company earns $28.72 million in net income (profit) each year or $1.62 on an earnings per share basis. Echo Global Logistics employs 2,595 workers across the globe.

The official website for Echo Global Logistics is http://www.echo.com.

Echo Global Logistics' mailing address is 600 WEST CHICAGO AVENUE SUITE 725, CHICAGO IL, 60654. The transportation company can be reached via phone at 800-354-7993 or via email at [email protected]