Zacks: Analysts Anticipate C.H. Robinson Worldwide Inc (CHRW) Will Post Quarterly Sales of $4.26 Billion

Analysts expect C.H. Robinson Worldwide Inc (NASDAQ:CHRW) to post $4.26 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for C.H. Robinson Worldwide’s earnings. The lowest sales estimate is $4.13 billion and the highest is $4.31 billion. C.H. Robinson Worldwide posted sales of $3.78 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 12.7%. The business is expected to announce its next earnings report after the market closes on Tuesday, October 30th.

On average, analysts expect that C.H. Robinson Worldwide will report full year sales of $16.73 billion for the current year, with estimates ranging from $16.56 billion to $16.97 billion. For the next fiscal year, analysts forecast that the company will post sales of $17.62 billion, with estimates ranging from $17.02 billion to $18.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover C.H. Robinson Worldwide.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Tuesday, July 31st. The transportation company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.07. The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.18 billion. C.H. Robinson Worldwide had a return on equity of 38.81% and a net margin of 3.59%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS.



Several research analysts recently weighed in on the company. Bank of America increased their target price on C.H. Robinson Worldwide from $100.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. BidaskClub raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. ValuEngine raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Stifel Nicolaus set a $106.00 price objective on shares of C.H. Robinson Worldwide and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Tuesday, August 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $94.63.

In related news, insider Ben G. Campbell sold 4,000 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $100.00, for a total transaction of $400,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 1,589 shares of the stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $96.71, for a total transaction of $153,672.19. Following the transaction, the insider now owns 24,136 shares of the company’s stock, valued at approximately $2,334,192.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,758 shares of company stock valued at $4,526,546. Company insiders own 0.97% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in C.H. Robinson Worldwide by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 551,884 shares of the transportation company’s stock valued at $51,717,000 after acquiring an additional 6,929 shares during the last quarter. Sei Investments Co. lifted its position in shares of C.H. Robinson Worldwide by 1,736.9% during the 1st quarter. Sei Investments Co. now owns 16,495 shares of the transportation company’s stock valued at $1,546,000 after buying an additional 15,597 shares in the last quarter. LPL Financial LLC lifted its position in shares of C.H. Robinson Worldwide by 26.6% during the 1st quarter. LPL Financial LLC now owns 13,927 shares of the transportation company’s stock valued at $1,305,000 after buying an additional 2,929 shares in the last quarter. CIBC World Markets Inc. purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $835,000. Finally, Amalgamated Bank lifted its position in shares of C.H. Robinson Worldwide by 9.8% during the 1st quarter. Amalgamated Bank now owns 20,323 shares of the transportation company’s stock valued at $1,904,000 after buying an additional 1,822 shares in the last quarter. Institutional investors own 86.02% of the company’s stock.

NASDAQ:CHRW traded down $1.22 during trading hours on Tuesday, reaching $86.19. 1,323,916 shares of the company traded hands, compared to its average volume of 1,116,530. The stock has a market cap of $11.94 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.13 and a beta of 0.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.81 and a current ratio of 1.81. C.H. Robinson Worldwide has a 1-year low of $77.52 and a 1-year high of $101.20.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 7th were paid a $0.46 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $1.84 annualized dividend and a dividend yield of 2.13%. C.H. Robinson Worldwide’s payout ratio is 52.87%.

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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