C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, CHRW to report 3Q20 income of $ 0.97 per share.
For the full year, analysts anticipate top line of $ 15232.00 million, while looking forward to income of $ 3.58 per share bottom line.
Previous Quarter Performance
C.H. Robinson Worldwide, Inc. posted income for the second quarter of $ 1.06 per share, from the revenue of $ 3,628.00 million. The quarterly earnings reduced 13.11 percent while revenues dropped 7.18 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.60 per share from $ 3498.68 million in revenue. The bottom line results beat street analysts by $ 0.46 or 76.67 percent, at the same time, top line results outshined analysts by $ 129.32 million or 3.70 percent.
Stock Performance
Shares of C.H. Robinson Worldwide, Inc. traded up $ 0.96 or 0.96 percent on Friday, reaching $ 100.54 with volume of 917.10 thousand shares. C.H. Robinson Worldwide, Inc. has traded high as $ 100.74 and has cracked $ 99.17 on the downward trend
According to the previous trading day, closing price of $ 100.54, representing a 74.89 % increase from the 52 week low of $ 56.94 and a 6.72 % decrease over the 52 week high of $ 106.75.
The company has a market capital of $ 13.56 billion and is part of the Industrials sector and Integrated Shipping & Logistics industry.
Recent Analyst recommendations
- On 24th September 2020, initiated by Wells Fargo & Co at Underweight rating, with $ 92.00 target price.
Recent Stock Dividend Announcement
On August 6, 2020, the board of directors authorized quarterly dividend of $ 0.51 per share to holders of record as of the close of business on September 4, 2020, with payment date of September 30, 2020 and ex-dividend date on September 3, 2020.
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.
