Media stories about Echo Global Logistics (NASDAQ:ECHO) have been trending somewhat positive on Tuesday, Alpha One Sentiment reports. Alpha One, a division of Accern, identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Echo Global Logistics earned a daily sentiment score of 0.15 on Alpha One’s scale. Alpha One also assigned media stories about the transportation company an impact score of 57 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Alpha One Sentiment’s scoring:
- Echo Global Logistics (ECHO) vs. Roadrunner Transportation Systems (RRTS) Financial Review (americanbankingnews.com)
- Echo Global Logistics, Inc. (ECHO) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Energy Transfer Partners, LP (ETP) Trades at New 52-Week High (healthcaremenu.net)
- Echo Global Logistics, Inc. (ECHO) Short Interest Down 0.2% in May (americanbankingnews.com)
Echo Global Logistics (ECHO) traded down 2.363% on Tuesday, reaching $19.625. 41,569 shares of the company were exchanged. The firm has a 50-day moving average of $19.17 and a 200 day moving average of $22.09. Echo Global Logistics has a 12-month low of $17.90 and a 12-month high of $28.90. The firm’s market capitalization is $571.99 million.
Echo Global Logistics (NASDAQ:ECHO) last issued its quarterly earnings data on Wednesday, April 26th. The transportation company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.01. Echo Global Logistics had a positive return on equity of 3.65% and a negative net margin of 0.09%. The firm had revenue of $415.80 million during the quarter, compared to analysts’ expectations of $417.30 million. During the same period in the previous year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts predict that Echo Global Logistics will post $0.86 earnings per share for the current year.
ECHO has been the subject of a number of recent analyst reports. Susquehanna Bancshares Inc upgraded Echo Global Logistics from a “neutral” rating to a “positive” rating in a report on Thursday, April 13th. Cowen and Company reduced their target price on Echo Global Logistics from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $28.80.
In other news, COO David B. Menzel sold 10,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $19.48, for a total value of $194,800.00. Following the sale, the chief operating officer now directly owns 163,141 shares of the company’s stock, valued at approximately $3,177,986.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.10% of the stock is currently owned by insiders.
Echo Global Logistics Company Profile
Echo Global Logistics, Inc is a provider of technology-enabled transportation and supply chain management solutions. The Company utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services.
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