C.H. Robinson Worldwide (NASDAQ:CHRW) announced its earnings results on Tuesday. The transportation company reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.22, RTT News reports. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the firm posted $1.13 EPS. The business’s revenue was down 8.6% on a year-over-year basis.
CHRW stock traded down $0.29 during midday trading on Tuesday, reaching $84.77. The stock had a trading volume of 1,269,701 shares, compared to its average volume of 1,250,043. The firm has a fifty day moving average price of $83.87. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.81. The stock has a market cap of $11.58 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.92 and a beta of 0.63. C.H. Robinson Worldwide has a 52-week low of $77.72 and a 52-week high of $101.20.
A number of research analysts have recently issued reports on CHRW shares. UBS Group lowered Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Stifel Nicolaus set a $95.00 price objective on C.H. Robinson Worldwide and gave the company a “buy” rating in a report on Friday, May 3rd. Susquehanna Bancshares lowered Echo Global Logistics from a “positive” rating to a “neutral” rating in a report on Wednesday, April 10th. BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Finally, Morgan Stanley set a $36.00 price objective on ArcBest and gave the company a “hold” rating in a report on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus target price of $93.71.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.
Further Reading: Calculate Your Return on Investment (ROI)
Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.