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

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

Echo Global Logistics, Inc. (NASDAQ:ECHO) announced its quarterly earnings results on Wednesday, October, 23rd. The transportation company reported $0.39 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.37 by $0.02. The transportation company had revenue of $561.44 million for the quarter, compared to analyst estimates of $548.10 million. Echo Global Logistics had a net margin of 0.91% and a return on equity of 9.70%. The firm's revenue was down 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. View Echo Global Logistics' Earnings History.

Echo Global Logistics is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Echo Global Logistics.

Echo Global Logistics updated its FY 2019 earnings guidance on Wednesday, October, 23rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.155-2.195 billion, compared to the consensus revenue estimate of $2.17 billion.

10 Wall Street analysts have issued twelve-month price objectives for Echo Global Logistics' shares. Their forecasts range from $22.00 to $29.00. On average, they anticipate Echo Global Logistics' share price to reach $25.33 in the next twelve months. This suggests a possible upside of 32.8% from the stock's current price. View Analyst Price Targets for Echo Global Logistics.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Echo Global Logistics in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Echo Global Logistics.

Press coverage about ECHO stock has been trending extremely negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Echo Global Logistics earned a news impact score of -4.2 on InfoTrie's scale. They also assigned news stories about the transportation company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Echo Global Logistics.

Echo Global Logistics saw a increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,420,000 shares, an increase of 24.6% from the October 31st total of 1,140,000 shares. Based on an average daily trading volume, of 233,300 shares, the short-interest ratio is currently 6.1 days. Currently, 5.4% of the company's stock are sold short. View Echo Global Logistics' Current Options Chain.

Some companies that are related to Echo Global Logistics include United Parcel Service (UPS), FedEx (FDX), Expeditors International of Washington (EXPD), C.H. Robinson Worldwide (CHRW), XPO Logistics (XPO), Forward Air (FWRD), Hub Group (HUBG), Air Transport Services Group (ATSG), Atlas Air Worldwide (AAWW) and Park-Ohio (PKOH).

Based on aggregate information from My MarketBeat watchlists, some companies that other Echo Global Logistics investors own include Energy Transfer LP Unit (ET), Advanced Micro Devices (AMD), Cypress Semiconductor (CY), NVIDIA (NVDA), Electronic Arts (EA), Intel (INTC), Micron Technology (MU), Alibaba Group (BABA), Chemours (CC) and Ciena (CIEN).

Echo Global Logistics' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Rice Hall James & Associates LLC (3.85%), State Street Corp (2.99%), North Star Asset Management Inc. (1.74%), Stephens Investment Management Group LLC (1.60%), Summit Creek Advisors LLC (1.00%) and Stifel Financial Corp (0.38%). Company insiders that own Echo Global Logistics stock include David B Menzel, Douglas R Waggoner, Kyle Sauers, Matthew Wagner Ferguson and Peter Rogers. View Institutional Ownership Trends for Echo Global Logistics.

ECHO stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, State Street Corp, Summit Creek Advisors LLC, Stephens Investment Management Group LLC, Rice Hall James & Associates LLC, Systematic Financial Management LP, Hancock Whitney Corp and State of Tennessee Treasury Department. View Insider Buying and Selling for Echo Global Logistics.

ECHO stock was acquired by a variety of institutional investors in the last quarter, including Ancora Advisors LLC, First Trust Advisors LP, Squarepoint Ops LLC, State of Alaska Department of Revenue, Public Employees Retirement System of Ohio, California Public Employees Retirement System, Rhumbline Advisers and Strs Ohio. 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, Robinhood, Fidelity and Charles Schwab.

One share of ECHO stock can currently be purchased for approximately $19.08.

Echo Global Logistics has a market capitalization of $520.79 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.View Additional Information About Echo Global Logistics.

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]