Wall Street analysts expect C.H. Robinson Worldwide Inc (NASDAQ:CHRW) to report earnings per share of $1.13 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for C.H. Robinson Worldwide’s earnings. The highest EPS estimate is $1.20 and the lowest is $1.09. C.H. Robinson Worldwide reported earnings of $1.01 per share in the same quarter last year, which indicates a positive year over year growth rate of 11.9%. The business is scheduled to issue its next earnings results on Tuesday, May 7th.
On average, analysts expect that C.H. Robinson Worldwide will report full year earnings of $5.00 per share for the current year, with EPS estimates ranging from $4.64 to $5.15. For the next financial year, analysts anticipate that the business will report earnings of $5.29 per share, with EPS estimates ranging from $4.61 to $5.55. Zacks’ EPS averages are a mean average based on a survey of research firms that cover C.H. Robinson Worldwide.
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C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Tuesday, January 29th. The transportation company reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.14. C.H. Robinson Worldwide had a net margin of 4.00% and a return on equity of 43.12%. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter last year, the firm posted $0.86 earnings per share.
CHRW has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Thursday, January 31st. BidaskClub raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, November 27th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $96.67.
Shares of CHRW stock opened at $88.75 on Friday. C.H. Robinson Worldwide has a 1 year low of $78.83 and a 1 year high of $101.20. The firm has a market cap of $12.16 billion, a P/E ratio of 18.76, a P/E/G ratio of 2.04 and a beta of 0.61. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.85 and a current ratio of 1.92.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, February 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.25%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 42.28%.
In other C.H. Robinson Worldwide news, insider Jordan T. Kass sold 1,382 shares of the business’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $90.80, for a total value of $125,485.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Angela K. Freeman sold 2,914 shares of the company’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $91.01, for a total value of $265,203.14. The disclosure for this sale can be found here. Insiders own 0.97% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in CHRW. Synovus Financial Corp lifted its holdings in C.H. Robinson Worldwide by 80.0% in the 4th quarter. Synovus Financial Corp now owns 288 shares of the transportation company’s stock worth $25,000 after buying an additional 128 shares during the period. Oregon Public Employees Retirement Fund increased its position in C.H. Robinson Worldwide by 5,277.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,857,462 shares of the transportation company’s stock valued at $34,000 after buying an additional 2,804,328 shares in the last quarter. Bremer Trust National Association bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth $37,000. JOYN Advisors Inc. increased its holdings in shares of C.H. Robinson Worldwide by 102.2% in the 4th quarter. JOYN Advisors Inc. now owns 542 shares of the transportation company’s stock worth $46,000 after purchasing an additional 274 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth $51,000. Institutional investors and hedge funds own 85.95% of the company’s stock.
C.H. Robinson Worldwide Company Profile
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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