C.H. Robinson Worldwide (CHRW) to Release Earnings on Wednesday

C.H. Robinson Worldwide (NASDAQ:CHRW) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect C.H. Robinson Worldwide to post earnings of $0.65 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.30). The business had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. On average, analysts expect C.H. Robinson Worldwide to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

C.H. Robinson Worldwide Trading Down 0.6 %

Shares of CHRW stock opened at $70.35 on Wednesday. The stock’s fifty day moving average price is $72.75 and its two-hundred day moving average price is $79.73. The company has a market cap of $8.23 billion, a PE ratio of 25.96, a P/E/G ratio of 3.66 and a beta of 0.72. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $106.14. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is presently 90.04%.

Analyst Ratings Changes

A number of brokerages have weighed in on CHRW. Wolfe Research raised C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Bank of America dropped their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating for the company in a research note on Monday, April 15th. BNP Paribas reiterated a “neutral” rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Wells Fargo & Company dropped their price target on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. dropped their price target on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating for the company in a research note on Tuesday, April 9th. Seven investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus price target of $81.21.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.