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) released 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 analysts' expectations of $548.10 million. Echo Global Logistics had a net margin of 0.91% and a return on equity of 9.70%. Echo Global Logistics's revenue was down 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 issued an update on its FY 2019 earnings guidance on Wednesday, October, 23rd. The company provided earnings per share 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.

8 analysts have issued 1 year price targets for Echo Global Logistics' shares. Their forecasts range from $22.00 to $29.00. On average, they expect Echo Global Logistics' stock price to reach $25.63 in the next year. This suggests a possible upside of 10.1% from the stock's current price. View Analyst Price Targets for Echo Global Logistics.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Echo Global Logistics in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Echo Global Logistics.

Media headlines about ECHO stock have trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. 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 daily sentiment score of -2.0 on InfoTrie's scale. They also gave headlines about the transportation company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Echo Global Logistics.

Echo Global Logistics saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,990,000 shares, an increase of 12.4% from the December 15th total of 1,770,000 shares. Based on an average trading volume of 220,000 shares, the short-interest ratio is currently 9.0 days. Approximately 7.5% of the company's shares 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) and Park-Ohio (PKOH).

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

Echo Global Logistics' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Summit Creek Advisors LLC (0.99%). 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. 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 $23.28.

Echo Global Logistics has a market capitalization of $635.43 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]