C.H. Robinson Worldwide, Inc. (CHRW) Set to Announce Earnings on Tuesday
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect C.H. Robinson Worldwide to post earnings of $0.83 per share for the quarter.
Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) traded up 1.02% during midday trading on Tuesday, reaching $79.23. The company had a trading volume of 304,861 shares. C.H. Robinson Worldwide, Inc. has a 12-month low of $63.41 and a 12-month high of $81.16. The stock has a market capitalization of $11.12 billion, a PE ratio of 23.23 and a beta of 0.41. The stock’s 50 day moving average is $74.90 and its 200-day moving average is $70.68.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.80 annualized dividend and a yield of 2.30%. C.H. Robinson Worldwide’s payout ratio is currently 52.94%.
In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.85% of the company’s stock.
Several research analysts have issued reports on the company. BidaskClub lowered C.H. Robinson Worldwide from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Citigroup Inc. dropped their target price on C.H. Robinson Worldwide from $80.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, July 13th. Cowen and Company restated a “hold” rating and issued a $68.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, August 25th. BMO Capital Markets upgraded C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and raised their target price for the company from $70.00 to $72.00 in a report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, Barclays PLC restated a “hold” rating and issued a $67.00 target price (down previously from $73.00) on shares of C.H. Robinson Worldwide in a report on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average price target of $75.63.
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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