Echo Global Logistics Stock Price, News & Analysis (NASDAQ:ECHO)

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

Echo Global Logistics, Inc. (NASDAQ:ECHO) released its quarterly earnings data on Wednesday, July, 24th. The transportation company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.03. The transportation company had revenue of $553.78 million for the quarter, compared to analysts' expectations of $572.60 million. Echo Global Logistics had a net margin of 1.07% and a return on equity of 11.03%. The firm's revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 earnings per share. View Echo Global Logistics' Earnings History.

Echo Global Logistics is scheduled to release their next quarterly earnings announcement on Wednesday, October 23rd 2019. View Earnings Estimates for Echo Global Logistics.

Echo Global Logistics will be holding an earnings conference call on Wednesday, October 23rd 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 issued an update on its FY 2019 earnings guidance on Wednesday, July, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.1-2.25 billion, compared to the consensus revenue estimate of $2.32 billion.

10 analysts have issued 12-month price targets for Echo Global Logistics' shares. Their forecasts range from $22.00 to $30.00. On average, they expect Echo Global Logistics' stock price to reach $25.22 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price. View Analyst Price Targets for Echo Global Logistics.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Echo Global Logistics in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Echo Global Logistics.

News coverage about ECHO stock has been trending neutral recently, InfoTrie reports. The research firm rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Echo Global Logistics earned a news sentiment score of 0.2 on InfoTrie's scale. They also assigned media stories about the transportation company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Echo Global Logistics.

Echo Global Logistics saw a drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,290,000 shares, a drop of 6.5% from the August 30th total of 1,380,000 shares. Based on an average trading volume of 228,500 shares, the days-to-cover ratio is presently 5.6 days. Currently, 4.9% 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 Forward Air (FWRD), Hub Group (HUBG), CryoPort (CYRX), Roadrunner Transportation Systems (RRTS) and Sino-Global Shipping America (SINO).

Based on aggregate information from My MarketBeat watchlists, some companies that other Echo Global Logistics investors own include Energy Transfer LP Unit (ET), NVIDIA (NVDA), Advanced Micro Devices (AMD), Cypress Semiconductor (CY), Micron Technology (MU), Alibaba Group (BABA), Electronic Arts (EA), Electronic Arts (EA), Intel (INTC) and Chemours (CC).

Echo Global Logistics' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Summit Creek Advisors LLC (1.00%), State of Alaska Department of Revenue (0.08%) and Pacer Advisors Inc. (0.06%). 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 Summit Creek Advisors LLC. View Insider Buying and Selling for Echo Global Logistics.

ECHO stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue and Pacer Advisors Inc.. 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 $23.20.

Echo Global Logistics has a market capitalization of $632.90 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.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]