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 43.9% and is now trading at $22.33. 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 quarterly earnings results on Wednesday, April, 22nd. The transportation company reported $0.19 earnings per share (EPS) 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 return on equity of 6.57% and a net margin of 0.38%. The firm's revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. View Echo Global Logistics' earnings history.

Echo Global Logistics updated 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 brokers have issued 12 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 $21.91 in the next twelve months. This suggests that the stock has a possible downside of 1.9%. View analysts' price targets for Echo Global Logistics.

Headlines about ECHO stock have been trending very negative on Sunday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Echo Global Logistics earned a news sentiment score of -3.8 on InfoTrie's scale. They also assigned press coverage about the transportation company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Echo Global Logistics.

Echo Global Logistics saw a drop in short interest in June. As of June 15th, there was short interest totaling 1,140,000 shares, a drop of 12.3% from the May 31st total of 1,300,000 shares. Based on an average trading volume of 274,900 shares, the short-interest ratio is presently 4.1 days. Currently, 4.4% of the company's stock 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), 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 institutional and retail 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 $22.33.

Echo Global Logistics has a market capitalization of $594.20 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]