Echo Global Logistics Stock Price, Forecast & Analysis (NASDAQ:ECHO)

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

Echo Global Logistics, Inc. (NASDAQ:ECHO) posted its quarterly earnings data on Wednesday, October, 23rd. The transportation company reported $0.39 earnings per share for the quarter, topping the Zacks' 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 for the quarter was down 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS. 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' stock. Their forecasts range from $22.00 to $29.00. On average, they anticipate Echo Global Logistics' share price to reach $25.11 in the next year. This suggests a possible upside of 21.7% 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 trended somewhat negative this week, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Echo Global Logistics earned a media sentiment score of -1.2 on InfoTrie's scale. They also assigned media coverage about the transportation company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Echo Global Logistics.

Echo Global Logistics saw a increase in short interest in October. As of October 31st, there was short interest totalling 1,420,000 shares, an increase of 24.6% from the September 30th total of 1,140,000 shares. Based on an average daily trading volume, of 233,300 shares, the days-to-cover ratio is presently 6.1 days. Currently, 5.4% of the shares of the company are short sold. 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), Park-Ohio (PKOH) and XPO Intermodal (PACR).

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), Electronic Arts (EA), Intel (INTC), Micron Technology (MU), Alibaba Group (BABA) and Chemours (CC).

Echo Global Logistics' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Rice Hall James & Associates LLC (3.85%), North Star Asset Management Inc. (1.74%), Stephens Investment Management Group LLC (1.60%), Summit Creek Advisors LLC (1.00%), Rhumbline Advisers (0.33%) and Taylor Frigon Capital Management LLC (0.31%). 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 Summit Creek Advisors LLC, Stephens Investment Management Group LLC, Rice Hall James & Associates LLC, Systematic Financial Management LP, Hancock Whitney Corp, State of Tennessee Treasury Department and Taylor Frigon Capital Management LLC. View Insider Buying and Selling for Echo Global Logistics.

ECHO stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, State of Alaska Department of Revenue, California Public Employees Retirement System, Rhumbline Advisers, Strs Ohio, North Star Asset Management Inc., New York State Teachers Retirement System and Pacer Advisors Inc.. 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 $20.63.

Echo Global Logistics has a market capitalization of $563.20 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]