Analysts Offer Predictions for C.H. Robinson Worldwide, Inc.’s FY2019 Earnings (CHRW)

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) – Equities research analysts at KeyCorp issued their FY2019 earnings per share estimates for C.H. Robinson Worldwide in a research report issued on Thursday. KeyCorp analyst T. Fowler anticipates that the transportation company will earn $4.15 per share for the year. KeyCorp currently has a “Buy” rating and a $85.00 target price on the stock.

A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Goldman Sachs Group assumed coverage on C.H. Robinson Worldwide in a research report on Monday, November 13th. They set a “neutral” rating and a $78.00 price target for the company. Credit Suisse Group lifted their price target on C.H. Robinson Worldwide from $68.00 to $69.00 and gave the company an “underperform” rating in a research report on Thursday, November 2nd. Barclays lifted their price target on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Finally, Cowen lifted their price target on C.H. Robinson Worldwide from $87.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $77.35.

C.H. Robinson Worldwide (CHRW) traded up $0.42 during mid-day trading on Monday, reaching $86.21. The company’s stock had a trading volume of 3,197,400 shares, compared to its average volume of 1,534,602. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.55. The stock has a market cap of $12,043.97, a price-to-earnings ratio of 25.73, a PEG ratio of 2.96 and a beta of 0.48. C.H. Robinson Worldwide has a 1-year low of $63.41 and a 1-year high of $89.11.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.03. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.65 billion. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS.

A number of institutional investors have recently made changes to their positions in CHRW. First Eagle Investment Management LLC increased its stake in C.H. Robinson Worldwide by 51.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 6,370,010 shares of the transportation company’s stock worth $484,758,000 after purchasing an additional 2,161,520 shares during the period. Harris Associates L P increased its stake in C.H. Robinson Worldwide by 273.2% in the 2nd quarter. Harris Associates L P now owns 1,027,045 shares of the transportation company’s stock worth $70,537,000 after purchasing an additional 751,820 shares during the period. Janus Henderson Group PLC increased its stake in C.H. Robinson Worldwide by 3,618.9% in the 2nd quarter. Janus Henderson Group PLC now owns 566,205 shares of the transportation company’s stock worth $38,887,000 after purchasing an additional 550,980 shares during the period. Alliancebernstein L.P. increased its stake in C.H. Robinson Worldwide by 168.7% in the 2nd quarter. Alliancebernstein L.P. now owns 793,718 shares of the transportation company’s stock worth $54,513,000 after purchasing an additional 498,362 shares during the period. Finally, Capital International Investors increased its stake in C.H. Robinson Worldwide by 5.6% in the 3rd quarter. Capital International Investors now owns 9,166,834 shares of the transportation company’s stock worth $697,596,000 after purchasing an additional 488,372 shares during the period. 94.68% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Angela K. Freeman sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $80.64, for a total value of $104,832.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ben G. Campbell sold 4,865 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $85.00, for a total value of $413,525.00. Following the completion of the sale, the vice president now owns 29,837 shares of the company’s stock, valued at approximately $2,536,145. The disclosure for this sale can be found here. Insiders sold a total of 22,903 shares of company stock valued at $1,854,925 in the last 90 days. 0.85% of the stock is currently owned by corporate insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be given a $0.46 dividend. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, December 15th. This represents a $1.84 dividend on an annualized basis and a yield of 2.13%. C.H. Robinson Worldwide’s payout ratio is presently 53.73%.

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C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

Earnings History and Estimates for C.H. Robinson Worldwide (NASDAQ:CHRW)

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