C.H. Robinson Worldwide (NASDAQ:CHRW) released its earnings results on Tuesday. The transportation company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.02, Briefing.com reports. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.98 billion. C.H. Robinson Worldwide had a net margin of 4.16% and a return on equity of 43.85%. The company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 earnings per share.
Shares of CHRW stock opened at $81.12 on Thursday. The company has a market cap of $11.13 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 1.67 and a beta of 0.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.92 and a current ratio of 1.92. C.H. Robinson Worldwide has a 12 month low of $77.72 and a 12 month high of $101.20.
A number of research analysts have weighed in on CHRW shares. Zacks Investment Research cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, January 7th. Credit Suisse Group dropped their target price on shares of C.H. Robinson Worldwide from $86.00 to $80.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 15th. BidaskClub cut shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus set a $99.00 target price on shares of C.H. Robinson Worldwide and gave the company a “hold” rating in a research note on Monday, March 25th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $93.40.
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About C.H. Robinson Worldwide
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 three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. 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, which is 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 provides door-to-door services.
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