$0.99 Earnings Per Share Expected for C.H. Robinson Worldwide Inc (CHRW) This Quarter

Analysts expect C.H. Robinson Worldwide Inc (NASDAQ:CHRW) to announce earnings of $0.99 per share for the current quarter, Zacks reports. Five analysts have provided estimates for C.H. Robinson Worldwide’s earnings, with the lowest EPS estimate coming in at $0.96 and the highest estimate coming in at $1.03. C.H. Robinson Worldwide posted earnings of $0.86 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.1%. The business is scheduled to report its next earnings results on Tuesday, April 24th.

According to Zacks, analysts expect that C.H. Robinson Worldwide will report full year earnings of $4.25 per share for the current financial year, with EPS estimates ranging from $3.41 to $4.70. For the next financial year, analysts forecast that the firm will report earnings of $4.71 per share, with EPS estimates ranging from $3.64 to $5.05. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for C.H. Robinson Worldwide.

Several analysts have recently commented on CHRW shares. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and increased their target price for the stock from $70.00 to $86.00 in a report on Tuesday, October 10th. Credit Suisse Group restated a “sell” rating and set a $68.00 target price (up previously from $63.00) on shares of C.H. Robinson Worldwide in a report on Thursday, October 12th. They noted that the move was a valuation call. Cowen upgraded C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $68.00 to $87.00 in a report on Monday, October 16th. Zacks Investment Research cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Finally, Oppenheimer restated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. C.H. Robinson Worldwide currently has an average rating of “Hold” and an average target price of $82.29.

In related news, VP Angela K. Freeman sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $80.64, for a total value of $104,832.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ben G. Campbell sold 4,865 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $85.00, for a total value of $413,525.00. Following the completion of the transaction, the vice president now owns 29,837 shares in the company, valued at approximately $2,536,145. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Toronto Dominion Bank boosted its holdings in C.H. Robinson Worldwide by 25.1% during the second quarter. Toronto Dominion Bank now owns 47,734 shares of the transportation company’s stock worth $3,277,000 after buying an additional 9,587 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in C.H. Robinson Worldwide by 288.7% during the third quarter. Assenagon Asset Management S.A. now owns 34,494 shares of the transportation company’s stock worth $2,625,000 after buying an additional 25,620 shares during the last quarter. Saratoga Research & Investment Management boosted its holdings in C.H. Robinson Worldwide by 0.3% during the third quarter. Saratoga Research & Investment Management now owns 695,793 shares of the transportation company’s stock worth $52,950,000 after buying an additional 2,075 shares during the last quarter. State of Wisconsin Investment Board boosted its holdings in C.H. Robinson Worldwide by 49.9% during the third quarter. State of Wisconsin Investment Board now owns 311,775 shares of the transportation company’s stock worth $23,726,000 after buying an additional 103,748 shares during the last quarter. Finally, Foyston Gordon & Payne Inc boosted its holdings in C.H. Robinson Worldwide by 2.3% during the third quarter. Foyston Gordon & Payne Inc now owns 86,211 shares of the transportation company’s stock worth $6,561,000 after buying an additional 1,972 shares during the last quarter. Hedge funds and other institutional investors own 94.10% of the company’s stock.

Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) opened at $90.33 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.24 and a current ratio of 1.26. The company has a market capitalization of $12,760.00, a price-to-earnings ratio of 25.30, a PEG ratio of 2.47 and a beta of 0.46. C.H. Robinson Worldwide has a 1-year low of $63.41 and a 1-year high of $100.18.

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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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