C.H. Robinson Worldwide (NASDAQ:CHRW) Posts Quarterly Earnings Results, Beats Estimates By $0.26 EPS

C.H. Robinson Worldwide (NASDAQ:CHRW) released its quarterly earnings data on Wednesday. The transportation company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.60 by $0.26, Briefing.com reports. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the firm earned $0.98 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year.

C.H. Robinson Worldwide Trading Up 0.3 %

Shares of CHRW stock opened at $81.20 on Friday. The firm’s 50-day simple moving average is $72.85 and its 200-day simple moving average is $79.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.40. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $105.18. The firm has a market cap of $9.50 billion, a P/E ratio of 32.09, a PEG ratio of 4.16 and a beta of 0.75.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is currently 96.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CHRW shares. StockNews.com upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company cut their price objective on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Thursday, February 1st. Bank of America lowered their target price on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a report on Monday, April 15th. JPMorgan Chase & Co. boosted their price target on C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an “underweight” rating in a report on Thursday. Finally, TD Cowen upped their price objective on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Thursday. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and an average price target of $82.60.

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.