Equities analysts expect that C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) will report earnings of $0.81 per share for the current quarter, Zacks reports. Eight analysts have made estimates for C.H. Robinson Worldwide’s earnings, with estimates ranging from $0.79 to $0.83. C.H. Robinson Worldwide reported earnings of $0.90 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 10%. The firm is expected to report its next quarterly earnings report on Tuesday, October 24th.

On average, analysts expect that C.H. Robinson Worldwide will report full year earnings of $3.25 per share for the current fiscal year, with EPS estimates ranging from $3.15 to $3.53. For the next fiscal year, analysts forecast that the business will post earnings of $3.53 per share, with EPS estimates ranging from $3.33 to $3.78. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover C.H. Robinson Worldwide.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by $0.12. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.63 billion. C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. C.H. Robinson Worldwide’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 EPS.

Several equities research analysts have recently commented on the stock. BidaskClub raised shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Saturday. BMO Capital Markets raised shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $70.00 to $72.00 in a research report on Wednesday, July 26th. They noted that the move was a valuation call. Morgan Stanley reaffirmed an “underweight” rating and issued a $55.00 target price (down from $57.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 25th. Deutsche Bank AG dropped their target price on shares of C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating for the company in a research report on Friday, July 21st. Finally, Cowen and Company dropped their target price on shares of C.H. Robinson Worldwide from $73.00 to $68.00 and set a “market perform” rating for the company in a research report on Friday, July 21st. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $70.10.

C.H. Robinson Worldwide (NASDAQ CHRW) traded up 0.32% during trading on Tuesday, reaching $66.75. 1,668,301 shares of the company traded hands. The firm’s 50 day moving average price is $67.48 and its 200 day moving average price is $72.71. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 19.57 and a beta of 0.44. C.H. Robinson Worldwide has a 12-month low of $63.41 and a 12-month high of $81.16.

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A number of hedge funds and other institutional investors have recently modified their holdings of CHRW. Teachers Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 160,213 shares of the transportation company’s stock worth $11,737,000 after buying an additional 668 shares during the period. Macquarie Group Ltd. boosted its position in shares of C.H. Robinson Worldwide by 14.9% in the fourth quarter. Macquarie Group Ltd. now owns 10,000 shares of the transportation company’s stock worth $733,000 after buying an additional 1,300 shares during the period. Chevy Chase Trust Holdings Inc. boosted its position in shares of C.H. Robinson Worldwide by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 121,862 shares of the transportation company’s stock worth $9,418,000 after buying an additional 3,533 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of C.H. Robinson Worldwide by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 43,336 shares of the transportation company’s stock worth $3,349,000 after buying an additional 700 shares during the period. Finally, Dynamic Advisors Solutions LLC boosted its position in shares of C.H. Robinson Worldwide by 1.0% in the first quarter. Dynamic Advisors Solutions LLC now owns 8,187 shares of the transportation company’s stock worth $633,000 after buying an additional 85 shares during the period. 87.34% of the stock is owned by institutional investors.

About C.H. Robinson Worldwide

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

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