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

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

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

9 equities research analysts have issued 1-year price targets for Echo Global Logistics' shares. Their predictions range from $22.00 to $30.00. On average, they anticipate Echo Global Logistics' stock price to reach $25.1250 in the next twelve months. This suggests a possible upside of 31.6% 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 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Echo Global Logistics.

News stories about ECHO stock have trended positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Echo Global Logistics earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned media stories about the transportation company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock's share price in the near term. View News Stories for Echo Global Logistics.

Echo Global Logistics saw a decrease in short interest in the month of July. As of July 31st, there was short interest totalling 1,644,600 shares, a decrease of 9.1% from the June 30th total of 1,809,500 shares. Based on an average trading volume of 254,900 shares, the days-to-cover ratio is presently 6.5 days. Currently, 6.1% 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), Electronic Arts (EA), Intel (INTC), Alibaba Group (BABA), Chemours (CC) and Ciena (CIEN).

Echo Global Logistics' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.88%), Vanguard Group Inc. (8.01%), Rice Hall James & Associates LLC (3.91%), Northern Trust Corp (2.30%), Charles Schwab Investment Management Inc. (1.73%) and Stephens Investment Management Group LLC (1.73%). 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 Vanguard Group Inc., Isthmus Partners LLC, Chicago Equity Partners LLC, Dana Investment Advisors Inc., Susquehanna International Group LLP, Renaissance Technologies LLC, Parametric Portfolio Associates LLC and Marshall Wace LLP. View Insider Buying and Selling for Echo Global Logistics.

ECHO stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, D. E. Shaw & Co. Inc., AMI Asset Management Corp, Invesco Ltd., Charles Schwab Investment Management Inc., Acadian Asset Management LLC, BlackRock Inc. and A.R.T. Advisors 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 $19.09.

Echo Global Logistics has a market capitalization of $520.78 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]