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 of Directors has approved a share repurchase program on Sunday, June 4th 2017, which allows the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 9.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Echo Global Logistics, Inc. (NASDAQ:ECHO) announced its earnings results on Wednesday, February, 6th. The transportation company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.38 by $0.09. The transportation company earned $583 million during the quarter, compared to analyst estimates of $587.32 million. Echo Global Logistics had a return on equity of 12.01% and a net margin of 1.18%. Echo Global Logistics's revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. View Echo Global Logistics' Earnings History.

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

Echo Global Logistics issued an update on its first quarter 2019 earnings guidance on Wednesday, February, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $530-570 million, compared to the consensus revenue estimate of $598.3 million.Echo Global Logistics also updated its FY 2019 guidance to EPS.

9 Wall Street analysts have issued 12 month price objectives for Echo Global Logistics' stock. Their predictions range from $23.40 to $40.00. On average, they anticipate Echo Global Logistics' stock price to reach $31.4889 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price. View Analyst Price Targets for Echo Global Logistics.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Echo Global Logistics in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Echo Global Logistics.

News articles about ECHO stock have been trending somewhat positive on Monday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by reviewing 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 closest to five being the most favorable. Echo Global Logistics earned a daily sentiment score of 1.1 on InfoTrie's scale. They also assigned news coverage about the transportation company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near future.

Some companies that are related to Echo Global Logistics include National Express Group (NXPGF), Gol Linhas Aereas Inteligentes (GOL), NIPPON YUSEN KA/S (NPNYY), Triton International (TRTN), Werner Enterprises (WERN), Golar LNG (GLNG), Allegiant Travel (ALGT), BEST (BSTI), Grupo Aeroportuario del Centro Nort (OMAB), Forward Air (FWRD), Euronav (EURN), SEASPAN CORP/SH SH (SSW), Heartland Express (HTLD), Saia (SAIA) and Jungheinrich (JGHAF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Echo Global Logistics investors own include NVIDIA (NVDA), Energy Transfer LP Unit (ET), Micron Technology (MU), Advanced Micro Devices (AMD), Cypress Semiconductor (CY), Oasis Petroleum (OAS), Cornerstone Total Return Fund (CRF), Ctrip.Com International (CTRP), Intel (INTC) and Ciena (CIEN).

Echo Global Logistics' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.65%), Dimensional Fund Advisors LP (8.33%), Standard Life Aberdeen plc (6.52%), Northern Trust Corp (2.17%), North Star Asset Management Inc. (1.58%) and AMI Asset Management Corp (1.30%). 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 Lord Abbett & CO. LLC, Two Sigma Investments LP, Kornitzer Capital Management Inc. KS, Two Sigma Advisers LP, New York State Common Retirement Fund, Millennium Management LLC, Elk Creek Partners LLC and SG Americas Securities 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 purchased by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, BlackRock Inc., Gotham Asset Management LLC, Geode Capital Management LLC, Geode Capital Management LLC, Barclays PLC, Assenagon Asset Management S.A. and BBT Capital Management LLC. 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 $24.44.

Echo Global Logistics has a market capitalization of $679.87 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]