C.H. Robinson Worldwide (CHRW) Scheduled to Post Quarterly Earnings on Wednesday

C.H. Robinson Worldwide (NASDAQ:CHRW) will be announcing its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.09 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.96 by $0.19. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.90 EPS. On average, analysts expect C.H. Robinson Worldwide to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $108.94 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $12.76 billion, a PE ratio of 43.06, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The business’s 50-day moving average price is $105.33 and its 200-day moving average price is $92.46. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $113.10.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.28%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 98.02%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Tuesday, July 9th. TD Cowen raised their price target on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird raised their price target on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company raised their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and a consensus target price of $100.29.

Insider Activity

In other news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the transaction, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Company Profile

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.