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, February, 5th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The transportation company had revenue of $531.70 million for the quarter, compared to analyst estimates of $520.39 million. Echo Global Logistics had a net margin of 0.68% and a return on equity of 8.06%. The company's revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. View Echo Global Logistics' Earnings History.

Echo Global Logistics is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Echo Global Logistics.

Echo Global Logistics updated its FY 2020 After-Hours earnings guidance on Wednesday, February, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.25-2.45 billion, compared to the consensus revenue estimate of $2.24 billion.

8 analysts have issued 1-year price targets for Echo Global Logistics' stock. Their forecasts range from $21.00 to $29.00. On average, they expect Echo Global Logistics' stock price to reach $25.38 in the next year. This suggests a possible upside of 39.7% 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.

Headlines about ECHO stock have been trending very negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of media 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 positive five, with scores nearest to five being the most favorable. Echo Global Logistics earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news headlines about the transportation company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Echo Global Logistics.

Echo Global Logistics saw a decrease in short interest in January. As of January 31st, there was short interest totalling 1,780,000 shares, a decrease of 10.6% from the January 15th total of 1,990,000 shares. Based on an average trading volume of 225,300 shares, the short-interest ratio is presently 7.9 days. Approximately 6.7% 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 Energy Transfer LP Unit (ET), Advanced Micro Devices (AMD), Cypress Semiconductor (CY), Electronic Arts (EA), AT&T (T), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA), Ford Motor (F) and Oasis Petroleum (OAS).

Echo Global Logistics' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Standard Life Aberdeen plc (5.74%), ArrowMark Colorado Holdings LLC (4.80%), Rice Hall James & Associates LLC (3.65%), State Street Corp (3.21%), Goldman Sachs Group Inc. (2.65%) and North Star Asset Management Inc. (1.63%). Company insiders that own Echo Global Logistics stock include David B Menzel, Douglas R Waggoner, Kyle Sauers 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 Standard Life Aberdeen plc, Stifel Financial Corp, Acadian Asset Management LLC, Rice Hall James & Associates LLC, North Star Asset Management Inc., Isthmus Partners LLC, Pinebridge Investments L.P. and Alliancebernstein L.P.. View Insider Buying and Selling for Echo Global Logistics.

ECHO stock was bought by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Bank of Montreal Can, Renaissance Technologies LLC, Goldman Sachs Group Inc., State Street Corp, Jacobs Levy Equity Management Inc., Barrow Hanley Mewhinney & Strauss LLC and Oxford Asset Management LLP. 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 $18.16.

Echo Global Logistics has a market capitalization of $495.77 million and generates $2.18 billion in revenue each year. The transportation company earns $14.85 million in net income (profit) each year or $1.15 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]