Zacks: Analysts Expect C.H. Robinson Worldwide Inc (NASDAQ:CHRW) Will Post Earnings of $1.18 Per Share

Wall Street analysts predict that C.H. Robinson Worldwide Inc (NASDAQ:CHRW) will post $1.18 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for C.H. Robinson Worldwide’s earnings, with estimates ranging from $1.08 to $1.26. C.H. Robinson Worldwide posted earnings per share of $1.25 during the same quarter last year, which indicates a negative year over year growth rate of 5.6%. The business is expected to report its next earnings results on Tuesday, October 29th.

On average, analysts expect that C.H. Robinson Worldwide will report full year earnings of $4.76 per share for the current financial year, with EPS estimates ranging from $4.60 to $4.90. For the next financial year, analysts expect that the company will report earnings of $4.94 per share, with EPS estimates ranging from $4.49 to $5.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover C.H. Robinson Worldwide.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.22 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $4.02 billion. C.H. Robinson Worldwide had a return on equity of 42.88% and a net margin of 4.31%. C.H. Robinson Worldwide’s revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.13 EPS.

A number of equities research analysts recently weighed in on the company. Citigroup cut C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price target for the company. in a report on Friday, July 26th. BidaskClub raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Saturday, August 10th. UBS Group cut C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and dropped their price target for the company from $99.00 to $83.00 in a report on Wednesday, May 1st. Stifel Nicolaus set a $95.00 price target on C.H. Robinson Worldwide and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Morgan Stanley set a $65.00 price target on C.H. Robinson Worldwide and gave the company a “sell” rating in a report on Monday, July 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $90.20.

C.H. Robinson Worldwide stock opened at $84.40 on Friday. The business has a 50 day simple moving average of $83.91 and a 200 day simple moving average of $85.54. C.H. Robinson Worldwide has a one year low of $77.72 and a one year high of $101.20. The company has a market capitalization of $11.41 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 1.97 and a beta of 0.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.81 and a quick ratio of 1.81.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $0.50 dividend. The ex-dividend date is Thursday, September 5th. This represents a $2.00 annualized dividend and a dividend yield of 2.37%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 42.28%.

In other news, insider Angela K. Freeman sold 16,356 shares of C.H. Robinson Worldwide stock in a transaction on Monday, August 19th. The stock was sold at an average price of $84.88, for a total value of $1,388,297.28. Following the completion of the sale, the insider now directly owns 47,594 shares of the company’s stock, valued at approximately $4,039,778.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Wiehoff sold 8,392 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $85.93, for a total value of $721,124.56. Following the completion of the sale, the insider now directly owns 34,499 shares of the company’s stock, valued at $2,964,499.07. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHRW. WealthPLAN Partners LLC bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth $6,572,000. LGL Partners LLC lifted its holdings in C.H. Robinson Worldwide by 14.7% during the second quarter. LGL Partners LLC now owns 3,560 shares of the transportation company’s stock worth $300,000 after acquiring an additional 455 shares in the last quarter. Prudential PLC lifted its holdings in C.H. Robinson Worldwide by 4.1% during the second quarter. Prudential PLC now owns 3,300 shares of the transportation company’s stock worth $277,000 after acquiring an additional 131 shares in the last quarter. UBS Group AG lifted its holdings in C.H. Robinson Worldwide by 109.4% during the second quarter. UBS Group AG now owns 138,686 shares of the transportation company’s stock worth $11,698,000 after acquiring an additional 72,463 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in C.H. Robinson Worldwide by 20.4% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 21,007 shares of the transportation company’s stock worth $1,771,000 after acquiring an additional 3,566 shares in the last quarter. 87.71% of the stock is owned by institutional investors.

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

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