C.H. Robinson Worldwide, Inc. (CHRW) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) released its quarterly earnings results on Tuesday. The transportation company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.03, Briefing.com reports. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the prior year, the business posted $0.90 earnings per share. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year.
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In related news, VP Angela K. Freeman sold 1,200 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.85% of the stock is owned by insiders.
CHRW has been the subject of several recent analyst reports. Bank of America Corporation raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and increased their price target for the stock from $70.00 to $86.00 in a research note on Tuesday, October 10th. Credit Suisse Group reissued a “sell” rating and issued a $68.00 price target (up previously from $63.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, October 12th. They noted that the move was a valuation call. Stephens raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $73.00 to $90.00 in a research note on Wednesday, August 30th. UBS AG raised C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and increased their price target for the stock from $65.00 to $75.00 in a research note on Tuesday, September 5th. Finally, Deutsche Bank AG decreased their price target on C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $76.56.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.
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