Brokerages Anticipate C.H. Robinson Worldwide Inc (CHRW) Will Announce Earnings of $1.13 Per Share

Brokerages expect C.H. Robinson Worldwide Inc (NASDAQ:CHRW) to announce earnings of $1.13 per share for the current quarter, according to Zacks. Six analysts have provided estimates for C.H. Robinson Worldwide’s earnings, with the lowest EPS estimate coming in at $1.09 and the highest estimate coming in at $1.20. C.H. Robinson Worldwide reported earnings of $1.01 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.9%. The company is scheduled to announce its next quarterly earnings results on Tuesday, May 7th.

According to Zacks, analysts expect that C.H. Robinson Worldwide will report full year earnings of $5.01 per share for the current year, with EPS estimates ranging from $4.64 to $5.15. For the next fiscal year, analysts expect that the firm will post earnings of $5.32 per share, with EPS estimates ranging from $4.61 to $5.60. Zacks’ EPS calculations are an average based on a survey of research analysts that cover C.H. Robinson Worldwide.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Tuesday, January 29th. The transportation company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.24 billion. C.H. Robinson Worldwide had a net margin of 4.00% and a return on equity of 43.12%. During the same period in the prior year, the company posted $0.86 EPS.



CHRW has been the subject of a number of analyst reports. Zacks Investment Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Thursday, January 31st. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $96.67.

NASDAQ:CHRW opened at $89.34 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.84 and a beta of 0.70. C.H. Robinson Worldwide has a 1-year low of $78.83 and a 1-year high of $101.20.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.24%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 42.28%.

In related news, insider Angela K. Freeman sold 2,914 shares of the stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $91.01, for a total transaction of $265,203.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jordan T. Kass sold 1,382 shares of the stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $90.80, for a total transaction of $125,485.60. The disclosure for this sale can be found here. Corporate insiders own 0.97% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc raised its stake in C.H. Robinson Worldwide by 3.1% during the third quarter. Vanguard Group Inc now owns 16,437,440 shares of the transportation company’s stock worth $1,609,555,000 after acquiring an additional 491,114 shares during the period. BlackRock Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 2.9% in the fourth quarter. BlackRock Inc. now owns 11,683,425 shares of the transportation company’s stock valued at $982,460,000 after acquiring an additional 323,811 shares in the last quarter. FMR LLC boosted its holdings in shares of C.H. Robinson Worldwide by 91.8% in the fourth quarter. FMR LLC now owns 8,014,313 shares of the transportation company’s stock valued at $673,924,000 after acquiring an additional 3,836,115 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of C.H. Robinson Worldwide by 1.1% in the fourth quarter. Baillie Gifford & Co. now owns 5,167,259 shares of the transportation company’s stock valued at $434,515,000 after acquiring an additional 57,415 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of C.H. Robinson Worldwide by 5,277.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,857,462 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 2,804,328 shares in the last quarter. Hedge funds and other institutional investors own 86.98% of the company’s stock.

About C.H. Robinson Worldwide

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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