C.H. Robinson Worldwide, Inc. (CHRW) Announces Quarterly Earnings Results

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) announced its quarterly earnings data on Tuesday. The transportation company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.03, Briefing.com reports. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.65 billion. C.H. Robinson Worldwide had a return on equity of 36.41% and a net margin of 3.31%. C.H. Robinson Worldwide’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 EPS.

Several brokerages have commented on CHRW. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday. Bank of America Corporation raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their price objective for the company from $70.00 to $86.00 in a research report on Tuesday, October 10th. Stifel Nicolaus upped their price objective on C.H. Robinson Worldwide from $71.00 to $82.00 and gave the company a “hold” rating in a research report on Wednesday. KeyCorp reaffirmed a “buy” rating and issued a $78.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, September 26th. Finally, Credit Suisse Group reaffirmed a “sell” rating and issued a $68.00 price objective (up previously from $63.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, October 12th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $76.63.

In other 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 value of $82,464.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.85% of the company’s stock.

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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.

Earnings History for C.H. Robinson Worldwide (NASDAQ:CHRW)

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