Analysts forecast that C.H. Robinson Worldwide Inc (NASDAQ:CHRW) will report $3.79 billion in sales for the current quarter, according to Zacks. Seven analysts have made estimates for C.H. Robinson Worldwide’s earnings. The highest sales estimate is $3.89 billion and the lowest is $3.72 billion. C.H. Robinson Worldwide reported sales of $3.42 billion during the same quarter last year, which indicates a positive year over year growth rate of 10.8%. The business is scheduled to issue its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that C.H. Robinson Worldwide will report full year sales of $3.79 billion for the current year, with estimates ranging from $15.52 billion to $16.62 billion. For the next year, analysts expect that the business will post sales of $16.79 billion per share, with estimates ranging from $15.88 billion to $18.21 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow C.H. Robinson Worldwide.
C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.14. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.69 billion. C.H. Robinson Worldwide had a return on equity of 36.28% and a net margin of 3.40%.
In other news, insider Chris Obrien sold 3,909 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $90.85, for a total transaction of $355,132.65. Following the sale, the insider now directly owns 23,149 shares in the company, valued at $2,103,086.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John Wiehoff sold 13,946 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $92.08, for a total value of $1,284,147.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,248 shares of company stock worth $2,704,578. Company insiders own 0.85% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CHRW. Wolverine Asset Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $138,000. Captrust Financial Advisors bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $177,000. Independence Bank of Kentucky bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $186,000. Private Advisor Group LLC bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $204,000. Finally, Personal Capital Advisors Corp bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $213,000. Institutional investors and hedge funds own 94.49% of the company’s stock.
Shares of C.H. Robinson Worldwide (CHRW) opened at $91.03 on Tuesday. C.H. Robinson Worldwide has a 1-year low of $63.41 and a 1-year high of $100.18. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $12,720.00, a P/E ratio of 26.16, a P/E/G ratio of 2.37 and a beta of 0.43.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, March 1st. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.87%.
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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