Analysts forecast that C.H. Robinson Worldwide Inc (NASDAQ:CHRW) will post $4.04 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for C.H. Robinson Worldwide’s earnings, with the highest sales estimate coming in at $4.13 billion and the lowest estimate coming in at $3.94 billion. C.H. Robinson Worldwide posted sales of $4.28 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 5.6%. The company is scheduled to announce its next earnings results after the market closes on Tuesday, July 30th.
According to Zacks, analysts expect that C.H. Robinson Worldwide will report full-year sales of $16.09 billion for the current financial year, with estimates ranging from $15.56 billion to $16.63 billion. For the next year, analysts expect that the firm will post sales of $16.78 billion, with estimates ranging from $15.69 billion to $18.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow C.H. Robinson Worldwide.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, April 30th. The transportation company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the company posted $1.01 EPS. C.H. Robinson Worldwide’s revenue for the quarter was down 4.4% on a year-over-year basis.
A number of equities research analysts have recently weighed in on CHRW shares. Zacks Investment Research lowered Hope Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 26th. BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday. Stephens set a $71.00 target price on Saia and gave the company a “hold” rating in a research note on Thursday, May 2nd. Stifel Nicolaus set a $95.00 target price on C.H. Robinson Worldwide and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, UBS Group lowered Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $93.71.
In other C.H. Robinson Worldwide news, CEO Robert C. Biesterfeld, Jr. purchased 1,202 shares of the stock in a transaction on Thursday, May 9th. The stock was acquired at an average price of $83.18 per share, with a total value of $99,982.36. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.65% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mason Street Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 0.7% in the 1st quarter. Mason Street Advisors LLC now owns 19,524 shares of the transportation company’s stock worth $1,698,000 after acquiring an additional 138 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of C.H. Robinson Worldwide by 32.4% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 572 shares of the transportation company’s stock worth $50,000 after acquiring an additional 140 shares in the last quarter. Archford Capital Strategies LLC raised its position in shares of C.H. Robinson Worldwide by 5.5% in the 1st quarter. Archford Capital Strategies LLC now owns 3,523 shares of the transportation company’s stock worth $306,000 after acquiring an additional 183 shares in the last quarter. CWM Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 6.3% in the 4th quarter. CWM Advisors LLC now owns 3,241 shares of the transportation company’s stock worth $273,000 after acquiring an additional 192 shares in the last quarter. Finally, Benedict Financial Advisors Inc. raised its position in shares of C.H. Robinson Worldwide by 1.9% in the 1st quarter. Benedict Financial Advisors Inc. now owns 10,886 shares of the transportation company’s stock worth $947,000 after acquiring an additional 198 shares in the last quarter. 85.68% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ CHRW traded up $2.22 during midday trading on Friday, reaching $85.06. The company had a trading volume of 1,216,794 shares, compared to its average volume of 1,232,978. C.H. Robinson Worldwide has a one year low of $77.72 and a one year high of $101.20. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.91 and a current ratio of 1.91. The company’s fifty day simple moving average is $82.19. The company has a market cap of $11.22 billion, a PE ratio of 17.98, a PEG ratio of 1.85 and a beta of 0.63.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, June 6th. C.H. Robinson Worldwide’s payout ratio is 42.28%.
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 North American Surface Transportation and Global Forwarding segments. 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 that include the 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 offers door-to-door services.
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