FY2024 Earnings Estimate for CHRW Issued By Zacks Research

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) – Equities researchers at Zacks Research raised their FY2024 earnings estimates for shares of C.H. Robinson Worldwide in a note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the transportation company will post earnings of $4.34 per share for the year, up from their prior estimate of $4.05. The consensus estimate for C.H. Robinson Worldwide’s current full-year earnings is $4.37 per share. Zacks Research also issued estimates for C.H. Robinson Worldwide’s Q4 2024 earnings at $1.05 EPS, FY2025 earnings at $4.27 EPS, Q2 2026 earnings at $1.24 EPS and FY2026 earnings at $4.94 EPS.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the company. Susquehanna lowered their target price on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Benchmark upped their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Barclays upped their price objective on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. Wells Fargo & Company upped their price objective on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and an average target price of $107.63.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $107.61 on Friday. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $113.10. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 37.24, a P/E/G ratio of 1.26 and a beta of 0.84. The stock has a fifty day simple moving average of $107.60 and a two-hundred day simple moving average of $96.89. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC grew its holdings in C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after acquiring an additional 111 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 185 shares during the period. Quent Capital LLC grew its holdings in C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares during the period. Quarry LP grew its holdings in C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares during the period. Finally, Eastern Bank acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $54,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

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.