NASDAQ:ECHOEcho Global Logistics Stock Price, Forecast & News

Echo Global Logistics' stock was trading at $15.52 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ECHO shares have increased by 40.1% and is now trading at $21.75. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Echo Global Logistics in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Echo Global Logistics.

Echo Global Logistics is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Echo Global Logistics.

Echo Global Logistics, Inc. (NASDAQ:ECHO) announced its quarterly earnings results on Wednesday, April, 22nd. The transportation company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The transportation company had revenue of $551 million for the quarter, compared to analyst estimates of $550.89 million. Echo Global Logistics had a return on equity of 6.57% and a net margin of 0.38%. Echo Global Logistics's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. View Echo Global Logistics' earnings history.

Echo Global Logistics issued an update on its second quarter 2020 After-Hours earnings guidance on Wednesday, April, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $450-500 million, compared to the consensus revenue estimate of $519.81 million.

11 brokers have issued twelve-month target prices for Echo Global Logistics' stock. Their forecasts range from $16.00 to $29.00. On average, they anticipate Echo Global Logistics' share price to reach $21.82 in the next year. This suggests a possible upside of 0.3% from the stock's current price. View analysts' price targets for Echo Global Logistics.

News stories about ECHO stock have been trending negative on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Echo Global Logistics earned a coverage optimism score of -2.2 on InfoTrie's scale. They also gave headlines about the transportation company a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the company's share price in the next few days. View the latest news about Echo Global Logistics.

Echo Global Logistics saw a decline in short interest in June. As of June 15th, there was short interest totaling 1,140,000 shares, a decline of 12.3% from the May 31st total of 1,300,000 shares. Based on an average daily trading volume, of 274,900 shares, the short-interest ratio is presently 4.1 days. Approximately 4.4% 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), Hub Group (HUBG), Forward Air (FWRD), Air Transport Services Group (ATSG), Atlas Air Worldwide (AAWW) and Park-Ohio (PKOH). View all competitors.

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), Ford Motor (F), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA) and Oasis Petroleum (OAS).

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

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 $21.75.

Echo Global Logistics has a market capitalization of $578.77 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 2,539 workers across the globe.

The official website for Echo Global Logistics is 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]