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

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

Echo Global Logistics, Inc. (NASDAQ:ECHO) issued its quarterly earnings data on Wednesday, July, 24th. The transportation company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by $0.03. The transportation company earned $553.78 million during the quarter, compared to analyst estimates of $572.60 million. Echo Global Logistics had a return on equity of 11.03% and a net margin of 1.07%. The business's quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. View Echo Global Logistics' Earnings History.

Echo Global Logistics is scheduled to release their next quarterly earnings announcement on Wednesday, October 23rd 2019. View Earnings Estimates for Echo Global Logistics.

Echo Global Logistics will be holding an earnings conference call on Wednesday, October 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Echo Global Logistics updated its FY 2019 earnings guidance on Wednesday, July, 24th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.1-2.25 billion, compared to the consensus revenue estimate of $2.32 billion.

10 analysts have issued 12-month target prices for Echo Global Logistics' shares. Their forecasts range from $22.00 to $30.00. On average, they anticipate Echo Global Logistics' stock price to reach $25.22 in the next year. This suggests a possible upside of 10.3% 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.

Media stories about ECHO stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Echo Global Logistics earned a daily sentiment score of 1.6 on InfoTrie's scale. They also gave news articles about the transportation company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Echo Global Logistics.

Echo Global Logistics saw a drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,290,000 shares, a drop of 6.5% from the August 30th total of 1,380,000 shares. Based on an average daily volume of 228,500 shares, the days-to-cover ratio is currently 5.6 days. Currently, 4.9% 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 Forward Air (FWRD), Hub Group (HUBG), CryoPort (CYRX), Roadrunner Transportation Systems (RRTS) and Sino-Global Shipping America (SINO).

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

Echo Global Logistics' stock is owned by many different of retail and institutional investors. Top institutional investors include Summit Creek Advisors LLC (1.00%), State of Alaska Department of Revenue (0.08%) and Pacer Advisors Inc. (0.06%). 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 Summit Creek Advisors LLC. View Insider Buying and Selling for Echo Global Logistics.

ECHO stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue 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 $22.87.

Echo Global Logistics has a market capitalization of $623.89 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]