C.H. Robinson Worldwide (CHRW) Releases Quarterly Earnings, Beats Expectations By $0.03 EPS
C.H. Robinson Worldwide (NASDAQ:CHRW) announced its earnings results on Tuesday. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.03, AnalystRatings.Net reports. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the company posted $0.70 earnings per share. C.H. Robinson Worldwide’s revenue was up 6.5% compared to the same quarter last year.
In other C.H. Robinson Worldwide news, VP Tom Mahlke unloaded 4,532 shares of the company’s stock on the open market in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $65.00, for a total transaction of $294,580.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) traded down 1.83% on Tuesday, hitting $64.41. The stock had a trading volume of 2,077,963 shares. C.H. Robinson Worldwide has a 52-week low of $50.21 and a 52-week high of $66.69. The stock’s 50-day moving average is $63.84 and its 200-day moving average is $57.75. The company has a market cap of $9.560 billion and a P/E ratio of 24.88.
A number of research firms have recently commented on CHRW. Analysts at Deutsche Bank raised their price target on shares of C.H. Robinson Worldwide from $59.00 to $62.00 in a research note on Tuesday, July 22nd. Finally, analysts at Credit Suisse raised their price target on shares of C.H. Robinson Worldwide from $56.00 to $59.00 in a research note on Friday, July 11th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $60.50.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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