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

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

Echo Global Logistics declared that its board has approved a stock buyback plan on Sunday, June 4th 2017, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Echo Global Logistics, Inc. (NASDAQ:ECHO) announced its earnings results on Wednesday, April, 24th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.36 by $0.02. The transportation company had revenue of $538.10 million for the quarter, compared to analyst estimates of $549.32 million. Echo Global Logistics had a return on equity of 12.01% and a net margin of 1.18%. The company's quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. View Echo Global Logistics' Earnings History.

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

Echo Global Logistics updated its second quarter 2019 earnings guidance on Wednesday, April, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $560-600 million, compared to the consensus revenue estimate of $625.31 million.Echo Global Logistics also updated its FY 2019 guidance to EPS.

10 brokerages have issued twelve-month price targets for Echo Global Logistics' shares. Their forecasts range from $23.40 to $40.00. On average, they anticipate Echo Global Logistics' stock price to reach $30.7111 in the next year. This suggests a possible upside of 34.3% 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 1 sell rating, 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Echo Global Logistics.

Media stories about ECHO stock have been trending neutral this week, InfoTrie Sentiment reports. The research group identifies negative and positive press 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 five, with scores nearest to five being the most favorable. Echo Global Logistics earned a daily sentiment score of 0.3 on InfoTrie's scale. They also gave press coverage about the transportation company a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an impact on the company's share price in the next few days.

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 Micron Technology (MU), NVIDIA (NVDA), Energy Transfer LP Unit (ET), Advanced Micro Devices (AMD), Cypress Semiconductor (CY), Intel (INTC), Ctrip.Com International (CTRP), Electronic Arts (EA), Illumina (ILMN) and Lam Research (LRCX).

Echo Global Logistics' stock is owned by a number of of institutional and retail investors. Top institutional investors include AMI Asset Management Corp (1.35%), Summit Creek Advisors LLC (1.21%), Taylor Frigon Capital Management LLC (0.27%), Los Angeles Capital Management & Equity Research Inc. (0.09%), Bailard Inc. (0.03%) and BNP Paribas Arbitrage SA (0.02%). 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 Taylor Frigon Capital Management LLC and Summit Creek Advisors 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 bought by a variety of institutional investors in the last quarter, including Los Angeles Capital Management & Equity Research Inc., Bailard Inc., BNP Paribas Arbitrage SA and AMI Asset Management Corp. 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 $22.87.

Echo Global Logistics has a market capitalization of $636.20 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.

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]