C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is reporting second quarter financial results on Tuesday 28th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, CHRW is expected to report 2Q20 income of $ 0.60 per share from revenue of $ 3498.68 million.
For the full year, analysts anticipate top line of $ 14729.40 million, while looking forward to income of $ 2.83 per share bottom line.
Previous Quarter Performance
C.H. Robinson Worldwide, Inc. reported income for the first quarter of $ 0.57 per share, from the revenue of $ 3,805.00 million. The quarterly earnings dropped 50.86 percent while revenues surged 1.43 percent compared with the same quarter last year.
Wall street analysts are predicting, CHRW to report 1Q20 income of $ 0.70 per share from revenue of $ 3541.12 million. The bottom line results missed street analysts by $ 0.13 or 18.57 percent, at the same time, top line results outshined analysts by $ 263.88 million or 7.45 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CHRW was $ 87.70, representing a 54.02 % increase from the 52 week low of $ 56.94 and a 3.87 % decrease over the 52 week high of $ 91.23.
The company has a market capital of $ 11.81 billion and is part of the Industrials sector and Integrated Shipping & Logistics industry.
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Recent Analyst recommendations
- On 8th July 2020, maintained by Citigroup at Neutral rating, with $ 85.00 target price.
- On 5th June 2020, maintained by UBS Group at Buy rating, with $ 94.00 target price.
- On 3rd June 2020, upgraded by Bank of America to Neutral from Underperform rating, with $ 86.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.51 per share on May 7, 2020. The dividend were payable on June 30, 2020 to holders of record as of the close of business on June 5, 2020 and ex-dividend date on June 4, 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.
