Equities analysts expect C.H. Robinson Worldwide Inc (NASDAQ:CHRW) to post $1.20 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for C.H. Robinson Worldwide’s earnings, with estimates ranging from $1.15 to $1.26. C.H. Robinson Worldwide posted earnings per share of $0.99 during the same quarter last year, which suggests a positive year-over-year growth rate of 21.2%. The company is expected to announce its next quarterly earnings report on Tuesday, January 29th.
On average, analysts expect that C.H. Robinson Worldwide will report full year earnings of $4.57 per share for the current financial year, with EPS estimates ranging from $4.48 to $4.66. For the next year, analysts forecast that the company will report earnings of $4.97 per share, with EPS estimates ranging from $4.56 to $5.19. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow C.H. Robinson Worldwide.
C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, October 30th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.08. C.H. Robinson Worldwide had a return on equity of 41.22% and a net margin of 3.83%. The business had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year.
CHRW has been the subject of several recent analyst reports. Wells Fargo & Co boosted their target price on C.H. Robinson Worldwide from $92.00 to $97.00 and gave the company a “market perform” rating in a research report on Wednesday, August 22nd. BidaskClub lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Zacks Investment Research upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Monday, September 3rd. Loop Capital initiated coverage on C.H. Robinson Worldwide in a research report on Wednesday, October 17th. They set a “buy” rating and a $107.00 target price for the company. Finally, Cleveland Research restated a “neutral” rating on shares of C.H. Robinson Worldwide in a research report on Friday, October 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average price target of $97.13.
In other news, insider Ben G. Campbell sold 4,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $100.00, for a total transaction of $400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.97% of the company’s stock.
Several institutional investors have recently bought and sold shares of CHRW. FMR LLC raised its stake in shares of C.H. Robinson Worldwide by 42.0% during the third quarter. FMR LLC now owns 4,178,198 shares of the transportation company’s stock valued at $409,129,000 after acquiring an additional 1,235,725 shares in the last quarter. Luminus Management LLC raised its stake in shares of C.H. Robinson Worldwide by 268.3% during the second quarter. Luminus Management LLC now owns 1,253,027 shares of the transportation company’s stock valued at $104,828,000 after acquiring an additional 912,800 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of C.H. Robinson Worldwide by 255.2% during the second quarter. Janus Henderson Group PLC now owns 1,246,059 shares of the transportation company’s stock valued at $104,245,000 after acquiring an additional 895,269 shares in the last quarter. Ashler Capital LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $63,015,000. Finally, Bank of America Corp DE raised its stake in shares of C.H. Robinson Worldwide by 10.8% during the second quarter. Bank of America Corp DE now owns 6,253,343 shares of the transportation company’s stock valued at $523,154,000 after acquiring an additional 607,678 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:CHRW opened at $87.69 on Friday. C.H. Robinson Worldwide has a 1 year low of $80.83 and a 1 year high of $101.20. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 2.19 and a beta of 0.55. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.86.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, December 14th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.46. C.H. Robinson Worldwide’s payout ratio is currently 52.87%.
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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