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. Since then, ECHO shares have increased by 42.1% and is now trading at $22.05. 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 will be holding an earnings conference call on Wednesday, July 22nd 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, Inc. (NASDAQ:ECHO) posted its earnings results on Wednesday, April, 22nd. The transportation company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. The transportation company earned $551 million during the quarter, compared to analyst estimates of $550.89 million. Echo Global Logistics had a net margin of 0.38% and a return on equity of 6.57%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. 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 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 analysts have issued 12-month price objectives for Echo Global Logistics' stock. Their forecasts range from $16.00 to $29.00. On average, they expect Echo Global Logistics' share price to reach $21.91 in the next year. This suggests that the stock has a possible downside of 0.6%. View analysts' price targets for Echo Global Logistics.

News articles about ECHO stock have trended very negative on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Echo Global Logistics earned a daily sentiment score of -3.6 on InfoTrie's scale. They also assigned headlines about the transportation company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Echo Global Logistics.

Echo Global Logistics saw a decline in short interest during the month of 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 volume of 274,900 shares, the days-to-cover ratio is currently 4.1 days. Approximately 4.4% of the company's shares are sold short. 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), Air Transport Services Group (ATSG), Forward Air (FWRD), 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."

Echo Global Logistics' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.04%). 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 Envestnet Asset Management Inc.. View insider buying and selling activity 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 $22.05.

Echo Global Logistics has a market capitalization of $586.75 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]