NASDAQ:ECHOEcho Global Logistics Stock Price, Forecast & News

Echo Global Logistics' stock was trading at $15.52 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ECHO stock has increased by 52.2% and is now trading at $23.62. 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) announced its quarterly earnings data on Wednesday, April, 22nd. The transportation company reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.19. The transportation company earned $551 million during the quarter, compared to analysts' expectations of $550.89 million. Echo Global Logistics had a return on equity of 6.57% and a net margin of 0.38%. The business's revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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 equities research analysts have issued twelve-month target prices for Echo Global Logistics' shares. 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 7.2%. View analysts' price targets for Echo Global Logistics.

Media coverage about ECHO stock has been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Echo Global Logistics earned a daily sentiment score of -4.3 on InfoTrie's scale. They also assigned headlines about the transportation company a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an effect 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 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 days-to-cover ratio is presently 4.1 days. Currently, 4.4% of the shares of the stock 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 variety of retail and institutional investors. Top institutional investors include Summit Creek Advisors LLC (1.69%) and 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.

ECHO stock was purchased by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC. 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 $23.62.

Echo Global Logistics has a market capitalization of $628.65 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]